Palm Bay vs Raleigh
Cost of Living Comparison · 2026 Data
Palm Bay
Raleigh
💡 The Verdict
Palm Bay is 4% cheaper than Raleigh overall. A $75,000 salary in Palm Bay is equivalent to $78,061 in Raleigh.
Category-by-Category Breakdown
Index values for Palm Bay (left) vs Raleigh (right). National average = 100.
Detailed Price Comparison
Estimated item-level prices in Palm Bay versus Raleigh. Differences shown from Palm Bay perspective.
| Item | Palm Bay | Raleigh | Difference |
|---|---|---|---|
| 1-Bed Rent | $930/mo | $1,010/mo | $-80.00 |
| 2-Bed Rent | $1,220/mo | $1,500/mo | $-280.00 |
| 3-Bed Rent | $1,530/mo | $1,950/mo | $-420.00 |
| Bread (loaf) | $3.05 | $2.89 | +$0.16 |
| Milk (gallon) | $4.01 | $3.88 | +$0.13 |
| Eggs (dozen) | $3.10 | $3.31 | $-0.21 |
| Coffee (latte) | $5.37 | $5.93 | $-0.56 |
| Gas (gallon) | $2.98 | $3.37 | $-0.39 |
| Restaurant Meal | $17.48 | $18.36 | $-0.88 |
💰 Salary Equivalence
A $75,000 salary in Palm Bay has the same purchasing power as $78,061 in Raleigh.
Conversely, $75,000 in Raleigh equals $72,059 in Palm Bay.
💼 Take-Home Pay Comparison
Estimated annual take-home pay on a $75,000 salary after federal, FICA, and state income taxes.
The $3451 difference is driven by North Carolina having a higher state income tax rate. Florida details → · North Carolina details →
Reading These Numbers: Palm Bay (98) vs Raleigh (102)
Palm Bay at 98 is 2% below the US average, while Raleigh at 102 is 2% above average. The cost difference between these cities is relatively modest.
In Palm Bay, the composite index of 98 reflects a weighted calculation where housing carries the most influence at 91, followed by groceries (98), utilities (96), transportation (90), and healthcare (98). Costs are fairly balanced across categories.
For renters: With median rents of $1,220/mo in Palm Bay and $1,500/mo in Raleigh, the annual rent difference is approximately $3,360.0. Over a 5-year period, that compounds to $16,800.0 in savings by choosing the more affordable city.
For homebuyers: The $54,000.0 difference in median home prices between Palm Bay and Raleigh translates to meaningful differences in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.
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Making Your Decision: Palm Bay vs Raleigh
Choosing between Palm Bay and Raleigh involves more than just comparing index numbers. Consider how each category aligns with your personal spending patterns. If you work from home, transportation costs matter less than housing and utilities. If you eat out frequently, the groceries index may understate your actual food spending — look at the restaurant meal prices in the detailed comparison table above instead.
When weighing Palm Bay against Raleigh, think beyond the composite index. Your personal savings rate, retirement timeline, and family size all influence which cost categories dominate your budget. Someone spending sixty percent of income on housing and childcare will experience these two cities very differently than a single renter whose largest variable expense is dining out. Model your own spending breakdown against the category indices above for the most realistic comparison.