How Much Does It Cost to Live in Melbourne, Florida?

Melbourne is a small city located in Florida with a metropolitan area population of 76,068. A couple could live a moderate lifestyle in Melbourne on a budget of $3,072 per month, or $36,861 per year.

Cost of Living in Melbourne, Florida

As noted above, the cost of living in Melbourne, Florida is $3,072 per month for a couple living a moderate lifestyle. This budget consists of $1,813 for housing related costs, $647 for food, and $611 for other costs, all of which will be broken down below.


  • A one-bedroom apartment in the city center of Melbourne is estimated to cost $1,518
  • Basic utilities including electricity, water, and gas will run about $202
  • High-speed internet averages $94


  • Typical grocery costs of $465 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $80
  • Frequent coffees in a neighborhood café are estimated to be about $102


  • Meals out are estimated to be $385 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $88 for public transport passes and occasional taxis
  • Fitness center memberships of $89
  • Cinema tickets of $50 include several outings for international releases

Note that Melbourne, Florida is a somewhat walkable city with a Walk Score of 73/100, which means you may need a car if you are living in the city center and you will probably need to use public transportation frequently.


Amount of Money Needed to Retire in Melbourne, Florida

Many people searching the internet for the cost of living in Melbourne, Florida are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $921,519 to live a moderate lifestyle in Melbourne, Florida.

Annual expenses of $36,861 ÷ 4% = $921,519 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.


Overall, the cost of living in Melbourne, Florida is affordable coming in at $3,072 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $921,519.