Cost of Living: St. Paul, MN vs Palm Bay, FL (2026)

St. Paul

Minnesota
91
VS

Palm Bay

Florida
91

St. Paul and Palm Bay have a similar cost of living.

$1,248/mo ↓ 16%
Median Rent
$1,487/mo ↑ 19%
$73,055/yr ↑ 8%
Median Income
$67,521/yr ↓ 8%
$280,300 ↑ 13%
Home Value
$248,000 ↓ 12%
$1,390/mo ↑ 16%
Owner Costs
$1,203/mo ↓ 13%
307,762
Population
125,273

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.0%
1.11%
Property Tax
0.86%

Affordability

20.5%
rent-to-income
Affordability
26.4%
rent-to-income

Detailed Comparison

When comparing St. Paul, MN and Palm Bay, FL, the overall cost of living indices are 91 and 91 respectively (national median = 100). Rent is $239/month cheaper in St. Paul, saving renters about $2,868/year.

Median household income is $5,534/year higher in St. Paul. Home values also differ significantly — the median in St. Paul is $280,300 compared to $248,000 in Palm Bay.

Florida has no state income tax, giving Palm Bay residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

St. Paul vs Palm Bay — common questions

Is St. Paul 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 91 (US average = 100).
What is the rent difference between St. Paul and Palm Bay?
Median rent in St. Paul is $1,248/month and in Palm Bay it's $1,487/month — a difference of $239/month.
Which city has higher income, St. Paul or Palm Bay?
Median household income is $73,055 in St. Paul and $67,521 in Palm Bay. Median household income is $5,534/year higher in St. Paul.
How do taxes compare between Minnesota and Florida?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to St. Paul or Palm Bay?
It depends on your priorities. St. Paul has a cost index of 91 with median rent of $1,248/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 St. Paul details → View Palm Bay details →

More Comparisons

Other cost of living comparisons for St. Paul and Palm Bay

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