Cost of Living: Lincoln, NE vs Palm Bay, FL (2026)

Lincoln

Nebraska
77
VS

Palm Bay

Florida
91

Lincoln is 15% cheaper than Palm Bay.

$1,045/mo ↓ 30%
Median Rent
$1,487/mo ↑ 42%
$69,991/yr ↑ 4%
Median Income
$67,521/yr ↓ 4%
$248,200 ≈ Same
Home Value
$248,000 ≈ Same
$1,140/mo ↓ 5%
Owner Costs
$1,203/mo ↑ 6%
291,932
Population
125,273

Tax Comparison

6.64%
Income Tax
0%
5.5%
State Sales Tax
6.0%
1.73%
Property Tax
0.86%

Affordability

17.9%
rent-to-income
Affordability
26.4%
rent-to-income

Detailed Comparison

When comparing Lincoln, NE and Palm Bay, FL, the overall cost of living indices are 77 and 91 respectively (national median = 100). Rent is $442/month cheaper in Lincoln, saving renters about $5,304/year.

Median household income is $2,470/year higher in Lincoln. Home values also differ significantly — the median in Lincoln is $248,200 compared to $248,000 in Palm Bay.

Florida has no state income tax, giving Palm Bay residents a significant tax advantage over Nebraska's 6.64% rate.

Frequently Asked Questions

Lincoln vs Palm Bay — common questions

Is Lincoln or Palm Bay cheaper to live in?
Based on our cost index, Lincoln is cheaper to live in with an index of 77 compared to 91 (US average = 100).
What is the rent difference between Lincoln and Palm Bay?
Median rent in Lincoln is $1,045/month and in Palm Bay it's $1,487/month — a difference of $442/month.
Which city has higher income, Lincoln or Palm Bay?
Median household income is $69,991 in Lincoln and $67,521 in Palm Bay. Median household income is $2,470/year higher in Lincoln.
How do taxes compare between Nebraska and Florida?
Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Lincoln or Palm Bay?
It depends on your priorities. Lincoln has a cost index of 77 with median rent of $1,045/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.
View Lincoln details → View Palm Bay details →

More Comparisons

Other cost of living comparisons for Lincoln and Palm Bay

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