Cost of Living: Hampton, VA vs Palm Bay, FL (2026)

Hampton

Virginia
88
VS

Palm Bay

Florida
91

Hampton is 3% cheaper than Palm Bay.

$1,346/mo ↓ 9%
Median Rent
$1,487/mo ↑ 10%
$67,758/yr ≈ Same
Median Income
$67,521/yr ≈ Same
$234,100 ↓ 6%
Home Value
$248,000 ↑ 6%
$1,347/mo ↑ 12%
Owner Costs
$1,203/mo ↓ 11%
137,334
Population
125,273

Tax Comparison

5.75%
Income Tax
0%
5.3%
State Sales Tax
6.0%
0.8%
Property Tax
0.86%

Affordability

23.8%
rent-to-income
Affordability
26.4%
rent-to-income

Detailed Comparison

When comparing Hampton, VA and Palm Bay, FL, the overall cost of living indices are 88 and 91 respectively (national median = 100). Rent is $141/month cheaper in Hampton, saving renters about $1,692/year.

Median household income is $237/year higher in Hampton. Home values also differ significantly — the median in Hampton is $234,100 compared to $248,000 in Palm Bay.

Florida has no state income tax, giving Palm Bay residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

Hampton vs Palm Bay — common questions

Is Hampton or Palm Bay cheaper to live in?
Based on our cost index, Hampton is cheaper to live in with an index of 88 compared to 91 (US average = 100).
What is the rent difference between Hampton and Palm Bay?
Median rent in Hampton is $1,346/month and in Palm Bay it's $1,487/month — a difference of $141/month.
Which city has higher income, Hampton or Palm Bay?
Median household income is $67,758 in Hampton and $67,521 in Palm Bay. Median household income is $237/year higher in Hampton.
How do taxes compare between Virginia and Florida?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Hampton or Palm Bay?
It depends on your priorities. Hampton has a cost index of 88 with median rent of $1,346/mo, while Palm Bay has a cost index of 91 with rent of $1,487/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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More Comparisons

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