Is Phoenix, AZ cheaper than Palm Bay, FL?

Based on cost of living data, Phoenix, AZ is 3.2% more expensive than Palm Bay, FL. This translates to spending an extra $243 per month.

What salary do I need in Phoenix, AZ to live like I do in Palm Bay, FL?

If you earn $150,000 in Palm Bay, FL, you'd need approximately $152,921.26 in Phoenix, AZ to maintain the same standard of living.

How does housing cost compare between Palm Bay, FL and Phoenix, AZ?

Housing in Phoenix, AZ is 18.1% more expensive than in Palm Bay, FL. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ compared to $1,514/month in Palm Bay, FL.

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

Living in Phoenix, AZ costs approximately $243 more per month than Palm Bay, FL, or $2921 more per year, based on a $150,000 salary.

Palm Bay, FL vs Phoenix, AZ: 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 $243/month more in Phoenix, AZ

$150.0K in your current city equals $152.9K in Phoenix, AZ

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

Overall Cost

↑ 3.2%

More expensive

Monthly Impact

$243

Extra cost

Annual Impact

$2.9K

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

Phoenix, AZ

Population:1608K

Cost Index:103

Median Home:$414K

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!

Phoenix, AZ

The Grand Canyon State

1.6M

Population

State Tax

Yes

Climate

Hot desert

Notable Facts

•Fastest growing major city
•Desert metropolis
•Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: Palm Bay, FL vs Phoenix, AZ

Category	Palm Bay, FL	Phoenix, AZ	Difference	Change
🏠Housing	$2,361/mo	$2,788/mo	↑ $428more	18.1%
🚗Transportation	$1,246/mo	$1,489/mo	↑ $243more	19.5%
📦Other	$1,754/mo	$1,677/mo	↓ $77.14less	4.4%
🛒Groceries	$1,004/mo	$963/mo	↓ $40.78less	4.1%
🏥Healthcare	$562/mo	$589/mo	↑ $27.07more	4.8%
⚡All Utilities	$565/mo	$561/mo	↓ $4.02less	0.7%

🏠Housing

↑ 18.1%

Palm Bay, FL

$2,361

Phoenix, AZ

$2,788

Difference

$428

🚗Transportation

↑ 19.5%

Palm Bay, FL

$1,246

Phoenix, AZ

$1,489

Difference

$243

📦Other

↓ 4.4%

Palm Bay, FL

$1,754

Phoenix, AZ

$1,677

Difference

$77.14

less

🛒Groceries

↓ 4.1%

Palm Bay, FL

$1,004

Phoenix, AZ

$963

Difference

$40.78

less

🏥Healthcare

↑ 4.8%

Palm Bay, FL

$562

Phoenix, AZ

$589

Difference

$27.07

⚡All Utilities

↓ 0.7%

Palm Bay, FL

$565

Phoenix, AZ

$561

Difference

$4.02

less

🏠Rent Comparison

Studio

From$1,122

To$1,390

↑ $268

1 Bed

From$1,312

To$1,510

↑ $198

2 Bed

From$1,514

To$1,750

↑ $236

3 Bed

From$2,062

To$2,330

↑ $268

Palm Bay, FLZIP-level data

1BR range: $1,410–$1,750/mo

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/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

$8,068

Monthly in Phoenix, AZ

$576

Difference

Home Values

Palm Bay

Phoenix

$304K

Median Value

$414K

↓ -4.5%

YoY Change

↓ -3.1%

↑ +33%

5-Year Change

↑ +30.2%

$231K - $313K

Price Range

$274K - $957K

Homes in Phoenix are 36% more expensive than Palm Bay

Calculate payment - Palm Bay Calculate payment - Phoenix

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $5.2K

More taxes

Monthly Difference

$436

Less take-home

Effective Rate Diff

3.5%

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

Phoenix, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

Additional Tax Information

Palm Bay, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

Phoenix, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

💡 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.