City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Elizabeth | Melbourne | Difference |
|---|---|---|---|
| Median rent | $1,390/mo | $1,303/mo | 6.7% higher in A |
| Median home value | $358,400 | $247,300 | 44.9% higher in A |
| Median household income | $59,939 | $60,917 | 1.6% lower in A |
| Groceries index | 107.5 | 97.0 | 10.8% higher in A |
| Utilities index | 118.7 | 90.1 | 31.8% higher in A |
| Transportation index | 102.9 | 99.4 | 3.5% higher in A |
| Healthcare index | 105.5 | 97.6 | 8.0% higher in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Elizabeth, you'd need $85,233 in Melbourne to maintain your standard of living.
Climate, safety, and demographics side by side.
Melbourne, FL is about 14.8% cheaper overall than Elizabeth, NJ, based on our cost-of-living index. Housing costs are roughly 20% lower in Melbourne than in Elizabeth. If you earn $80,000 in Elizabeth, you'd need about $68,187 in Melbourne to keep the same standard of living.