Micco, FL Cost Of Living
Cost Of Living In Micco, FL Summary
Cost of living in Micco research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Micco is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Micco is 89, with 100 being the average.
The cost of living index in Micco is 0.9x lower than the national average.
Micco ranks as the #72 cheapest in Florida out of 459.
Micco ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Micco is $118,100.
The median income in Micco is $43,500.
Table Of Contents
Micco's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Micco, FL?
According to the most recent data on the cost of living, Micco has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Florida, Micco has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Micco ranks as #72 most affordable out of the 459 places we measured in Florida. By definition, that implies Micco ranks as the #387 most expensive place in the Sunshine State.
For more reading on life in Micco, check out:
- Living In Micco
- Search Homes For Sale In Micco, FL
In Florida
In America
Micco Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Micco. Here is how it fairs on each of the criteria:
The Services index in Micco is 99.
The Groceries index in Micco is 104.
The Health index in Micco is 111.
The Housing index in Micco is 50.
The Transportation index in Micco is 100.
The Utilities index in Micco is 115.
| Living Expense | Micco | Florida | National Average | |
|---|---|---|---|---|
| Overall | 89 | 101 | 100 | |
| Services | 99 | 98 | 100 | |
| Groceries | 104 | 101 | 100 | |
| Health | 111 | 96 | 100 | |
| Housing | 50 | 108 | 100 | |
| Transportation | 100 | 98 | 100 | |
| Utilities | 115 | 100 | 100 | |
Micco, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Micco is $118,100.
The Median Rent in Micco is $983.
The Median Income in Micco is $43,500.
The Home Value To Income in Micco is 2.7x.
The Rent To Monthly Income in Micco is 0.27x.
| Statistic | Micco | Florida | United States |
|---|---|---|---|
| Median Home Value | $118,100 | $248,700 | $244,900 |
| Median Rent | $983 | $1,301 | $1,163 |
| Median Income | $43,500 | $61,777 | $69,021 |
| Home Value To Income | 2.7x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Micco, FL Costs By Category
Detailed Micco Services Costs Vs. Florida
Detailed Micco Groceries Costs Vs. Florida
Detailed Micco Health Costs Vs. Florida
Detailed Micco Transportation Costs Vs. Florida
Detailed Micco Utilities Costs Vs. Florida
Micco SnackAbility
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Cost Of Living In Cities Around Micco
The cost of living varies in the cities and towns around Micco. Here's a quick look at the cost of living in the most populous nearby places:
Palm Bay, FL has a cost of living index of 95, 1.1x Micco.
Melbourne, FL has a cost of living index of 93, 1.0x Micco.
Vero Beach South, FL has a cost of living index of 95, 1.1x Micco.
| City | Population | Cost Of Living | Vs. Micco |
|---|---|---|---|
| Palm Bay, FL | 118,709 | 95 | 1.1x |
| Melbourne, FL | 83,500 | 93 | 1.0x |
| Vero Beach South, FL | 29,506 | 95 | 1.1x |
| West Melbourne, FL | 25,768 | 105 | 1.2x |
| Sebastian, FL | 24,843 | 97 | 1.1x |
| Vero Beach, FL | 16,254 | 106 | 1.2x |
