Is Palm Bay, FL cheaper than Savannah, GA?

Based on cost of living data, Palm Bay, FL is 10.2% more expensive than Savannah, GA. This translates to spending an extra $764 per month.

What salary do I need in Palm Bay, FL to live like I do in Savannah, GA?

If you earn $150,000 in Savannah, GA, you'd need approximately $159,165.221 in Palm Bay, FL to maintain the same standard of living.

How does housing cost compare between Savannah, GA and Palm Bay, FL?

Housing in Palm Bay, FL is 23.0% more expensive than in Savannah, GA. For a two-bedroom apartment, rent is $1,514/month in Palm Bay, FL compared to $1,501/month in Savannah, GA.

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

Living in Palm Bay, FL costs approximately $764 more per month than Savannah, GA, or $9165 more per year, based on a $150,000 salary.

Savannah, GA vs Palm Bay, FL: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Savannah, GA

Numbers update automatically as you type

You'd spend $764/month more in Palm Bay, FL

$150.0K in your current city equals $159.2K in Palm Bay, FL

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

Overall Cost

↑ 10.2%

More expensive

Monthly Impact

$764

Extra cost

Annual Impact

$9.2K

Per year

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

Savannah, GA

Population:148K

Cost Index:

100

100 = national average

Median Home:$390K

Palm Bay, FL

Population:136K

Cost Index:

110

(10% above avg)

Median Home:$304K

Savannah, GA

The Peach State

148K

Population

State Tax

Yes

Located in Georgia, this city has a population of 148K residents.

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!

Cost Breakdown by Category

Annual spending: Savannah, GA vs Palm Bay, FL

Category	Savannah, GA	Palm Bay, FL	Difference	Change
Housing	$1,919/mo	$2,361/mo	↑ $442more	23.0%
Other	$1,567/mo	$1,754/mo	↑ $187more	12.0%
Transportation	$1,239/mo	$1,246/mo	↑ $6.89more	0.6%
Groceries	$1,001/mo	$1,004/mo	↑ $2.78more	0.3%
All Utilities	$564/mo	$565/mo	↑ $1.56more	0.3%
Healthcare	$560/mo	$562/mo	↑ $1.55more	0.3%

Housing

↑ 23.0%

Savannah, GA

$1,919

Palm Bay, FL

$2,361

Difference

$442

Other

↑ 12.0%

Savannah, GA

$1,567

Palm Bay, FL

$1,754

Difference

$187

Transportation

↑ 0.6%

Savannah, GA

$1,239

Palm Bay, FL

$1,246

Difference

$6.89

Groceries

↑ 0.3%

Savannah, GA

$1,001

Palm Bay, FL

$1,004

Difference

$2.78

All Utilities

↑ 0.3%

Savannah, GA

$564

Palm Bay, FL

$565

Difference

$1.56

Healthcare

↑ 0.3%

Savannah, GA

$560

Palm Bay, FL

$562

Difference

$1.55

🏠Rent Comparison

Studio

From$1,300

To$1,122

↓ $178

1 Bed

From$1,370

To$1,312

↓ $58.00

2 Bed

From$1,501

To$1,514

↑ $13.00

3 Bed

From$1,997

To$2,062

↑ $65.00

Savannah, GAZIP-level data

1BR range: $1,290–$1,940/mo

Palm Bay, FLZIP-level data

1BR range: $1,410–$1,750/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.

$6,850

Monthly in Savannah, GA

$7,492

Monthly in Palm Bay, FL

$642

Difference

Home Values

Savannah

Palm Bay

$390K

Median Value

$304K

↓ -2.2%

YoY Change

↓ -4.5%

↑ +50.8%

5-Year Change

↑ +33%

$138K - $888K

Price Range

$231K - $313K

Homes in Palm Bay are 22% less expensive than Savannah

Calculate payment - Savannah Calculate payment - Palm Bay

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $8.5K

Per year

Monthly Difference

$704

More take-home

Effective Rate Diff

5.6%

Rate difference

Savannah, GA

Federal Income Tax

Effective: 18.9%

$25.5K

Georgia State Tax

Effective: 5.6%

$8.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 30.3%

$45.5K

Take-Home Pay

$8,711/month

$104.5K

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

Additional Tax Information

Savannah, GA Tax Rates

Sales Tax:7.3%

Property Tax:0.9%

Palm Bay, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

💡 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.