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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

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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 Β· 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.

πŸ’‘ Advantage: Florida has no state income tax!

Cost Breakdown by Category

Annual spending: Savannah, GA vs Palm Bay, FL

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

🏠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

πŸ’‘ 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

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
$0
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%

πŸ’‘ 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.

Environment

Savannah
Palm Bay
50 Good
Air Quality
41 Good
51.9%
Good Air Days
75.6%
97 High
Climate Risk
98 High
πŸŒŠπŸŒ…πŸŒ€
Top Hazards
πŸŒŠπŸŒ€πŸŒͺ
β–²+2.3Β°F
2050 Outlook
β–²+2.3Β°F
36 days
Heat Days >95Β°F
58 days
β–²+2.3Β°F
2050 Outlook
β–²+2.3Β°F
36 days
Heat Days >95Β°F
58 days

What to Consider When Moving from Savannah, GA to Palm Bay, FL

Relocating from Savannah, GA to Palm Bay, FL involves more than just comparing rent prices. While the overall cost of living is roughly 10% higher in Palm Bay, FL, your actual experience will depend on your lifestyle, job situation, and priorities. Here are the key factors to weigh before making the move.

Housing & Rent

Housing is typically the largest line item in any budget, and it’s where the biggest differences show up between cities. In this comparison, housing in Palm Bay, FL is 23% more expensive than in Savannah, GA. Keep in mind that neighborhood choice within a city can swing rent by 30–50%, so research specific areas β€” not just city averages β€” before signing a lease. If you’re buying, factor in property tax rates, which vary significantly by county and state.

Job Market & Salary Adjustments

A lower cost of living doesn’t help if your salary drops proportionally. Before committing to a move, research whether employers in Palm Bay, FL pay comparable wages for your role. Remote workers may keep their current salary, but some companies adjust pay based on location. Use the salary calculator above to see what you’d need to earn in Palm Bay, FL to match your current standard of living in Savannah, GA.

Taxes & Take-Home Pay

State income tax, property tax, and sales tax all affect how far your paycheck stretches. Some states have no income tax but make up for it with higher property or sales taxes. The tax comparison section above breaks down how your take-home pay would change. Don’t forget about vehicle registration fees, tolls, and other state-specific costs that add up over a year.

Quality of Life & Lifestyle Fit

Numbers only tell part of the story. Consider climate preferences, commute times, proximity to family, school quality if you have children, healthcare access, and the general β€œfeel” of a city. A place that’s 15% cheaper might not be worth it if it means a longer commute or fewer amenities you value. If possible, visit Palm Bay, FL for a week before making a final decision β€” experiencing the day-to-day rhythm matters more than any spreadsheet.

Frequently Asked Questions: Savannah, GA vs Palm Bay, FL

Is Palm Bay, FL cheaper than Savannah, GA?

Palm Bay, FL is approximately 10.2% more expensive than Savannah, GA overall. On a $150,000 salary, that translates to roughly $764/month in additional expenses. Housing is the biggest factor, costing 23% more in Palm Bay, FL.

What salary do I need in Palm Bay, FL to match my lifestyle in Savannah, GA?

If you currently earn $150,000 in Savannah, GA, you would need approximately $159,165 in Palm Bay, FL to maintain the same standard of living. This accounts for differences in housing, groceries, transportation, utilities, healthcare, and other typical expenses. Use the salary input above to adjust this based on your actual income.

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

A two-bedroom apartment averages $1,501/month in Savannah, GA compared to $1,514/month in Palm Bay, FL. One-bedroom apartments are $1,370/month in Savannah, GA vs $1,312/month in Palm Bay, FL. These are area-wide medians β€” specific neighborhoods can vary significantly. Check the ZIP-level rent breakdown above for more granular data.

Are groceries more expensive in Savannah, GA or Palm Bay, FL?

Grocery prices are very similar between Savannah, GA and Palm Bay, FL, with less than 1% difference. Your food budget would stay about the same.

What is the best time to move from Savannah, GA to Palm Bay, FL?

Most people find that moving during the off-season (October through March) results in lower moving costs, since demand for movers and rental trucks drops. If you're renting, you may also find more negotiable lease terms during winter months. However, if you have school-age children, summer moves allow for a smoother school transition. For the best combination of availability and price, consider moving in early fall or late spring.

πŸ’° See how taxes change too β€” compare take-home pay between Georgia and Florida on TaxTakeHome.com

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