Cost of Living: Palm Bay, FL vs Round Rock, TX (2026)
Palm Bay
Florida
91
VS
Round Rock
Texas
122
Palm Bay is 31% cheaper than Round Rock.
$1,487/mo
↓ 13%
Median Rent
$1,713/mo
↑ 15%
$67,521/yr
↓ 31%
Median Income
$97,187/yr
↑ 44%
$248,000
↓ 35%
Home Value
$383,700
↑ 55%
$1,203/mo
↓ 32%
Owner Costs
$1,781/mo
↑ 48%
125,273
Population
124,288
Tax Comparison
0%
Income Tax
0%
6.0%
Sales Tax
6.25%
0.86%
Property Tax
1.6%
Affordability
26.4%
rent-to-income
Affordability
21.2%
rent-to-income
Detailed Comparison
When comparing Palm Bay, FL and Round Rock, TX, the overall cost of living indices are
91 and 122 respectively
(national median = 100). Rent is $226/month cheaper in Palm Bay, saving renters about $2,712/year.
Median household income is $29,666/year higher in Round Rock. Home values also differ significantly — the median in Palm Bay is $248,000
compared to $383,700 in Round Rock.
Frequently Asked Questions
Palm Bay vs Round Rock — common questions
Is Palm Bay or Round Rock cheaper to live in?
Based on our cost index, Palm Bay is cheaper to live in with an index of 91 compared to 122 (US average = 100).
What is the rent difference between Palm Bay and Round Rock?
Median rent in Palm Bay is $1,487/month and in Round Rock it's $1,713/month — a difference of $226/month.
Which city has higher income, Palm Bay or Round Rock?
Median household income is $67,521 in Palm Bay and $97,187 in Round Rock. Median household income is $29,666/year higher in Round Rock.
How do taxes compare between Florida and Texas?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Palm Bay or Round Rock?
It depends on your priorities. Palm Bay has a cost index of 91 with median rent of $1,487/mo, while Round Rock has a cost index of 122 with rent of $1,713/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.