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

Plano

Texas
132
VS

Palm Bay

Florida
91

Plano is 45% more expensive than Palm Bay.

$1,792/mo ↑ 21%
Median Rent
$1,487/mo ↓ 17%
$108,649/yr ↑ 61%
Median Income
$67,521/yr ↓ 38%
$440,600 ↑ 78%
Home Value
$248,000 ↓ 44%
$1,829/mo ↑ 52%
Owner Costs
$1,203/mo ↓ 34%
287,339
Population
125,273

Tax Comparison

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

Affordability

19.8%
rent-to-income
Affordability
26.4%
rent-to-income

Detailed Comparison

When comparing Plano, TX and Palm Bay, FL, the overall cost of living indices are 132 and 91 respectively (national median = 100). Rent is $305/month cheaper in Palm Bay, saving renters about $3,660/year.

Median household income is $41,128/year higher in Plano. Home values also differ significantly — the median in Plano is $440,600 compared to $248,000 in Palm Bay.

Frequently Asked Questions

Plano vs Palm Bay — common questions

Is Plano 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 132 (US average = 100).
What is the rent difference between Plano and Palm Bay?
Median rent in Plano is $1,792/month and in Palm Bay it's $1,487/month — a difference of $305/month.
Which city has higher income, Plano or Palm Bay?
Median household income is $108,649 in Plano and $67,521 in Palm Bay. Median household income is $41,128/year higher in Plano.
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 Plano or Palm Bay?
It depends on your priorities. Plano has a cost index of 132 with median rent of $1,792/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 Plano details → View Palm Bay details →

More Comparisons

Other cost of living comparisons for Plano and Palm Bay

Plano vs. Durham Plano vs. Chandler Plano vs. Anchorage Plano vs. Buffalo Plano vs. Jersey City Plano vs. Madison Palm Bay vs. Allentown Palm Bay vs. Meridian Palm Bay vs. Thousand Oaks Palm Bay vs. Vallejo Palm Bay vs. Simi Valley Palm Bay vs. Round Rock