Satellite Beach, FL Cost Of Living
Cost Of Living In Satellite Beach, FL Summary
Cost of living in Satellite Beach 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 Satellite Beach 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 Satellite Beach is 118, with 100 being the average.
The cost of living index in Satellite Beach is 1.2x higher than the national average.
Satellite Beach ranks as the #346 cheapest in Florida out of 459.
Satellite Beach ranks as the #4,280 cheapest out of 6,489 in the US.
The median home value in Satellite Beach is $507,911.
The median income in Satellite Beach is $115,684.
Table Of Contents
Satellite Beach's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Satellite Beach, FL?
According to the most recent data on the cost of living, Satellite Beach has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to Florida, Satellite Beach has a cost of living index that's 1.2x higher than Florida's index of 97.
The standard of living in Satellite Beach ranks as #346 most affordable out of the 459 places we measured in Florida. By definition, that implies Satellite Beach ranks as the #113 most expensive place in the Sunshine State.
For more reading on life in Satellite Beach, check out:
In Florida
In America
Satellite Beach Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Satellite Beach. Here is how it fairs on each of the criteria:
The Services index in Satellite Beach is 95.
The Groceries index in Satellite Beach is 101.
The Health index in Satellite Beach is 95.
The Housing index in Satellite Beach is 172.
The Transportation index in Satellite Beach is 99.
The Utilities index in Satellite Beach is 110.
| Living Expense | Satellite Beach | Florida | National Average | |
|---|---|---|---|---|
| Overall | 118 | 97 | 100 | |
| Services | 95 | 96 | 100 | |
| Groceries | 101 | 99 | 100 | |
| Health | 95 | 98 | 100 | |
| Housing | 172 | 96 | 100 | |
| Transportation | 99 | 97 | 100 | |
| Utilities | 110 | 95 | 100 | |
Satellite Beach, 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 2019-2023. The key points are:
The Median Home Value in Satellite Beach is $507,911.
The Median Rent in Satellite Beach is $1,921.
The Median Income in Satellite Beach is $115,684.
The Home Value To Income in Satellite Beach is 4.4x.
The Rent To Monthly Income in Satellite Beach is 0.2x.
| Statistic | Satellite Beach | Florida | United States |
|---|---|---|---|
| Median Home Value | $507,911 | $377,066 | $303,400 |
| Median Rent | $1,921 | $1,564 | $1,348 |
| Median Income | $115,684 | $71,711 | $78,538 |
| Home Value To Income | 4.4x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Satellite Beach, FL Costs By Category
Detailed Satellite Beach Services Costs Vs. Florida
| Item | Satellite Beach | Florida |
|---|---|---|
| Shampoo | $1.32 | $1.28 |
| Movie | $13.1 | $12.13 |
| Bowling | $14.75 | $18 |
| Haircut | $21.0 | $24.26 |
| Beauty Salon | $56.83 | $45.56 |
Detailed Satellite Beach Groceries Costs Vs. Florida
| Item | Satellite Beach | Florida |
|---|---|---|
| Ground Beef | $5.85 | $5.84 |
| Fried Chicken | $1.45 | $1.57 |
| Milk | $4.52 | $4.67 |
| Potatoes | $5.38 | $4.93 |
| Pizza | $12.62 | $12.09 |
| Beer | $10.69 | $10.41 |
| Toothpaste | $3.68 | $3.7 |
Detailed Satellite Beach Health Costs Vs. Florida
| Item | Satellite Beach | Florida |
|---|---|---|
| Optometrist | $78.2 | $125.68 |
| Doctor | $139.8 | $135.78 |
| Dentist | $132.83 | $113.29 |
Detailed Satellite Beach Transportation Costs Vs. Florida
| Item | Satellite Beach | Florida |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $54.85 | $59.92 |
Detailed Satellite Beach Utilities Costs Vs. Florida
| Item | Satellite Beach | Florida |
|---|---|---|
| All Electricity | $144.67 | $193.99 |
| Phone | $196.14 | $192.25 |
Satellite Beach SnackAbility
/10
Cost Of Living In Cities Around Satellite Beach
The cost of living varies in the cities and towns around Satellite Beach. 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 98, 0.8x Satellite Beach.
Melbourne, FL has a cost of living index of 102, 0.9x Satellite Beach.
Merritt Island, FL has a cost of living index of 114, 1.0x Satellite Beach.
| City | Population | Cost Of Living | Vs. Satellite Beach |
|---|---|---|---|
| Palm Bay, FL | 125,273 | 98 | 0.8x |
| Melbourne, FL | 85,718 | 102 | 0.9x |
| Merritt Island, FL | 34,718 | 114 | 1.0x |
| Rockledge, FL | 28,279 | 108 | 0.9x |
| West Melbourne, FL | 27,643 | 110 | 0.9x |
| Cocoa, FL | 19,330 | 91 | 0.8x |
| Viera East, FL | 13,082 | 114 | 1.0x |
| Cocoa Beach, FL | 11,341 | 116 | 1.0x |
| Indian Harbour Beach, FL | 8,991 | 115 | 1.0x |
| South Patrick Shores, FL | 6,726 | 115 | 1.0x |
