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 | Hoover | Palm Bay | Difference |
|---|---|---|---|
| Median rent | $1,352/mo | $1,345/mo | 0.5% higher in A |
| Median home value | $366,200 | $226,200 | 61.9% higher in A |
| Median household income | $101,765 | $62,538 | 62.7% higher in A |
| Groceries index | 97.1 | 97.0 | ≈ equal |
| Utilities index | 87.1 | 90.1 | 3.3% lower in A |
| Transportation index | 97.8 | 99.4 | 1.5% lower in A |
| Healthcare index | 96.1 | 97.6 | 1.6% lower 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 Hoover, you'd need $113,868 in Palm Bay to maintain your standard of living.
Climate, safety, and demographics side by side.
Hoover, AL is about 12.2% cheaper overall than Palm Bay, FL, based on our cost-of-living index. Housing costs are roughly 25% lower in Hoover than in Palm Bay. If you earn $80,000 in Hoover, you'd need about $91,095 in Palm Bay to keep the same standard of living.