Cocoa, FL Cost Of Living
Cost Of Living In Cocoa, FL Summary
Cost of living in Cocoa research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cocoa is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cocoa is 86, with 100 being the average.
The cost of living index in Cocoa is 0.9x lower than the national average.
Cocoa ranks as the #30 cheapest in Florida out of 459.
Cocoa ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Cocoa is $144,900.
The median income in Cocoa is $48,085.
Table Of Contents
Cocoa's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Cocoa, FL?
According to the most recent data on the cost of living, Cocoa has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Florida, Cocoa has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Cocoa ranks as #30 most affordable out of the 459 places we measured in Florida. By definition, that implies Cocoa ranks as the #429 most expensive place in the Sunshine State.
For more reading on life in Cocoa, check out:
- Living In Cocoa
- Cocoa Crime Report
- Search Homes For Sale In Cocoa, FL
In Florida
In America
Cocoa Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Cocoa. Here is how it fairs on each of the criteria:
The Services index in Cocoa is 96.
The Groceries index in Cocoa is 105.
The Health index in Cocoa is 93.
The Housing index in Cocoa is 59.
The Transportation index in Cocoa is 98.
The Utilities index in Cocoa is 101.
| Living Expense | Cocoa | Florida | National Average | |
|---|---|---|---|---|
| Overall | 86 | 101 | 100 | |
| Services | 96 | 98 | 100 | |
| Groceries | 105 | 101 | 100 | |
| Health | 93 | 96 | 100 | |
| Housing | 59 | 108 | 100 | |
| Transportation | 98 | 98 | 100 | |
| Utilities | 101 | 100 | 100 | |
Cocoa, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cocoa is $144,900.
The Median Rent in Cocoa is $942.
The Median Income in Cocoa is $48,085.
The Home Value To Income in Cocoa is 3.0x.
The Rent To Monthly Income in Cocoa is 0.24x.
| Statistic | Cocoa | Florida | United States |
|---|---|---|---|
| Median Home Value | $144,900 | $248,700 | $244,900 |
| Median Rent | $942 | $1,301 | $1,163 |
| Median Income | $48,085 | $61,777 | $69,021 |
| Home Value To Income | 3.0x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Cocoa, FL Costs By Category
Detailed Cocoa Services Costs Vs. Florida
Detailed Cocoa Groceries Costs Vs. Florida
Detailed Cocoa Health Costs Vs. Florida
Detailed Cocoa Transportation Costs Vs. Florida
Detailed Cocoa Utilities Costs Vs. Florida
Cocoa SnackAbility
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Cost Of Living In Cities Around Cocoa
The cost of living varies in the cities and towns around Cocoa. Here's a quick look at the cost of living in the most populous nearby places:
Melbourne, FL has a cost of living index of 93, 1.1x Cocoa.
Titusville, FL has a cost of living index of 87, 1.0x Cocoa.
Merritt Island, FL has a cost of living index of 100, 1.2x Cocoa.
| City | Population | Cost Of Living | Vs. Cocoa |
|---|---|---|---|
| Melbourne, FL | 83,500 | 93 | 1.1x |
| Titusville, FL | 48,158 | 87 | 1.0x |
| Merritt Island, FL | 34,013 | 100 | 1.2x |
| Rockledge, FL | 27,466 | 96 | 1.1x |
| Port St. John, FL | 24,677 | 87 | 1.0x |
| Viera West, FL | 14,322 | 113 | 1.3x |
| Viera East, FL | 12,020 | 102 | 1.2x |
| Cocoa Beach, FL | 11,316 | 110 | 1.3x |
| Satellite Beach, FL | 11,093 | 113 | 1.3x |
| Cape Canaveral, FL | 9,979 | 97 | 1.1x |
