What Is The Cost Of Living In Satellite Beach Florida?

Many coastline cities are known for their beautiful beaches, gorgeous homes, and the breathtaking landscape. The coastline of Florida is no exception and some of the most popular coastal destinations come at quite the price for both visitors and residents.

Not everyone wants to be living in some of the most popular destinations, and the cost of living might be one of the reasons why. Maybe the small-town feel and the coastal lifestyle is more fitting for you and if that is the case Satellite Beach Florida is the place for you. But what is the cost of living in Satellite Beach Florida?

There are about 10,000 people living in Satellite Beach FL, a coastline city that is fairly small but with a welcoming community. There is fun to be had here for all ages, from young to retired, everyone can have a great time in Satellite Beach Florida. In spite of that, you are probably wondering if it is an affordable place to live?

Satellite Beach Florida has a cost of living that is about 11% higher than the national average and about 9% higher than the state average. While groceries, services, and transportation are fairly close to the national average in terms of costs, or even below it, the housing market is 40% more expensive than the national average.

The median home price is at around $340,000 and the median listing price per square foot is about $200. The average rent is about $1,200 according to Rentcafe and 92% of homes are being rented for prices in the range of $1,000 to $1,500. The median household income in Satellite Beach is about $70,000 per year and the job market is prosperous in the area.

If you are interested in purchasing a home in the area, contact one of our real estate agents in Satellite Beach FL for more information about the safety of the city, schools, and neighborhoods.