Cost of Living: Midland, TX vs Palm Bay, FL (2026)

Midland

Texas
99
VS

Palm Bay

Florida
91

Midland is 9% more expensive than Palm Bay.

$1,407/mo ↓ 5%
Median Rent
$1,487/mo ↑ 6%
$91,169/yr ↑ 35%
Median Income
$67,521/yr ↓ 26%
$298,600 ↑ 20%
Home Value
$248,000 ↓ 17%
$1,468/mo ↑ 22%
Owner Costs
$1,203/mo ↓ 18%
133,998
Population
125,273

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.0%
1.6%
Property Tax
0.86%

Affordability

18.5%
rent-to-income
Affordability
26.4%
rent-to-income

Detailed Comparison

When comparing Midland, TX and Palm Bay, FL, the overall cost of living indices are 99 and 91 respectively (national median = 100). Rent is $80/month cheaper in Midland, saving renters about $960/year.

Median household income is $23,648/year higher in Midland. Home values also differ significantly — the median in Midland is $298,600 compared to $248,000 in Palm Bay.

Frequently Asked Questions

Midland vs Palm Bay — common questions

Is Midland or Palm Bay cheaper to live in?
Based on our cost index, Palm Bay is cheaper to live in with an index of 91 compared to 99 (US average = 100).
What is the rent difference between Midland and Palm Bay?
Median rent in Midland is $1,407/month and in Palm Bay it's $1,487/month — a difference of $80/month.
Which city has higher income, Midland or Palm Bay?
Median household income is $91,169 in Midland and $67,521 in Palm Bay. Median household income is $23,648/year higher in Midland.
How do taxes compare between Texas and Florida?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Midland or Palm Bay?
It depends on your priorities. Midland has a cost index of 99 with median rent of $1,407/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 Midland details → View Palm Bay details →

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