Cost of Living: Savannah, GA vs Palm Bay, FL (2026)

Savannah

Georgia
84
VS

Palm Bay

Florida
91

Savannah is 8% cheaper than Palm Bay.

$1,302/mo ↓ 12%
Median Rent
$1,487/mo ↑ 14%
$56,782/yr ↓ 16%
Median Income
$67,521/yr ↑ 19%
$225,200 ↓ 9%
Home Value
$248,000 ↑ 10%
$1,257/mo ↑ 4%
Owner Costs
$1,203/mo ↓ 4%
147,546
Population
125,273

Tax Comparison

5.49%
Income Tax
0%
4.0%
State Sales Tax
6.0%
0.92%
Property Tax
0.86%

Affordability

27.5%
rent-to-income
Affordability
26.4%
rent-to-income

Detailed Comparison

When comparing Savannah, GA and Palm Bay, FL, the overall cost of living indices are 84 and 91 respectively (national median = 100). Rent is $185/month cheaper in Savannah, saving renters about $2,220/year.

Median household income is $10,739/year higher in Palm Bay. Home values also differ significantly — the median in Savannah is $225,200 compared to $248,000 in Palm Bay.

Florida has no state income tax, giving Palm Bay residents a significant tax advantage over Georgia's 5.49% rate.

Frequently Asked Questions

Savannah vs Palm Bay — common questions

Is Savannah or Palm Bay cheaper to live in?
Based on our cost index, Savannah is cheaper to live in with an index of 84 compared to 91 (US average = 100).
What is the rent difference between Savannah and Palm Bay?
Median rent in Savannah is $1,302/month and in Palm Bay it's $1,487/month — a difference of $185/month.
Which city has higher income, Savannah or Palm Bay?
Median household income is $56,782 in Savannah and $67,521 in Palm Bay. Median household income is $10,739/year higher in Palm Bay.
How do taxes compare between Georgia and Florida?
Georgia has 5.49% income tax, 4.0% sales tax, and 0.92% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Savannah or Palm Bay?
It depends on your priorities. Savannah has a cost index of 84 with median rent of $1,302/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 Savannah details → View Palm Bay details →

More Comparisons

Other cost of living comparisons for Savannah and Palm Bay

Savannah vs. Rockford Savannah vs. Denton Savannah vs. Bridgeport Savannah vs. Syracuse Savannah vs. Pomona Savannah vs. McAllen 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