Is Austin, TX cheaper than Palm Bay, FL?

Based on cost of living data, Austin, TX is 3.0% more expensive than Palm Bay, FL. This translates to spending an extra $228 per month.

What salary do I need in Austin, TX to live like I do in Palm Bay, FL?

If you earn $150,000 in Palm Bay, FL, you'd need approximately $152,741.18 in Austin, TX to maintain the same standard of living.

How does housing cost compare between Palm Bay, FL and Austin, TX?

Housing in Austin, TX is 22.2% more expensive than in Palm Bay, FL. For a two-bedroom apartment, rent is $1,995/month in Austin, TX compared to $1,514/month in Palm Bay, FL.

How much can I save per month by moving from Palm Bay, FL to Austin, TX?

Living in Austin, TX costs approximately $228 more per month than Palm Bay, FL, or $2741 more per year, based on a $150,000 salary.

Palm Bay, FL vs Austin, TX: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Palm Bay, FL — ZIP-level rent data · COL adjusted from Orlando, FL area

Current salary in Palm Bay, FL

Numbers update automatically as you type

You'd spend $228/month more in Austin, TX

$150.0K in your current city equals $152.7K in Austin, TX

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↑ 3.0%

More expensive

Monthly Impact

$228

Extra cost

Annual Impact

$2.7K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Palm Bay, FL

Population:136K

Cost Index:100

Median Home:$304K

Austin, TX

Population:979K

Cost Index:103

Median Home:$558K

Palm Bay, FL

The Sunshine State

136K

Population

State Tax

No Income Tax

Located in Florida, this city has a population of 136K residents.

💡 Advantage: Florida has no state income tax!

Austin, TX

The Lone Star State

979K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Live music capital
•Major tech hub
•SXSW festival city

Major Industries

TechnologyMusic IndustryEducationGovernment

Cost Breakdown by Category

Annual spending: Palm Bay, FL vs Austin, TX

Category	Palm Bay, FL	Austin, TX	Difference	Change
🏠Housing	$2,361/mo	$2,885/mo	↑ $524more	22.2%
🛒Groceries	$1,004/mo	$959/mo	↓ $44.78less	4.5%
🚗Transportation	$1,246/mo	$1,284/mo	↑ $37.95more	3.0%
🏥Healthcare	$562/mo	$589/mo	↑ $27.07more	4.8%
⚡All Utilities	$565/mo	$541/mo	↓ $24.24less	4.3%
📦Other	$1,754/mo	$1,741/mo	↓ $13.52less	0.8%

🏠Housing

↑ 22.2%

Palm Bay, FL

$2,361

Austin, TX

$2,885

Difference

$524

🛒Groceries

↓ 4.5%

Palm Bay, FL

$1,004

Austin, TX

$959

Difference

$44.78

less

🚗Transportation

↑ 3.0%

Palm Bay, FL

$1,246

Austin, TX

$1,284

Difference

$37.95

🏥Healthcare

↑ 4.8%

Palm Bay, FL

$562

Austin, TX

$589

Difference

$27.07

⚡All Utilities

↓ 4.3%

Palm Bay, FL

$565

Austin, TX

$541

Difference

$24.24

less

📦Other

↓ 0.8%

Palm Bay, FL

$1,754

Austin, TX

$1,741

Difference

$13.52

less

🏠Rent Comparison

Studio

From$1,122

To$1,585

↑ $463

1 Bed

From$1,312

To$1,685

↑ $373

2 Bed

From$1,514

To$1,995

↑ $481

3 Bed

From$2,062

To$2,525

↑ $463

Palm Bay, FLZIP-level data

1BR range: $1,410–$1,750/mo

Austin, TXZIP-level data

1BR range: $1,490–$2,350/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,492

Monthly in Palm Bay, FL

$7,998

Monthly in Austin, TX

$507

Difference

Home Values

Palm Bay

Austin

$304K

Median Value

$558K

↓ -4.5%

YoY Change

↓ -5%

↑ +33%

5-Year Change

↑ +12.6%

$231K - $313K

Price Range

$272K - $1.26M

Homes in Austin are 83% more expensive than Palm Bay

Calculate payment - Palm Bay Calculate payment - Austin

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Palm Bay, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Austin, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Palm Bay, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

Austin, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.