Cost of living in Cocoa West 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 West 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 West is 83, with 100 being the average.
The cost of living index in Cocoa West is 0.8x lower than the national average.
Cocoa West ranks as the #11 cheapest in Florida out of 459.
Cocoa West ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Cocoa West is $116,400.
The median income in Cocoa West is $29,478.
According to the most recent data on the cost of living, Cocoa West has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Florida, Cocoa West has a cost of living index that's 0.8x lower than Florida's index of 101.
The standard of living in Cocoa West ranks as #11 most affordable out of the 459 places we measured in Florida. By definition, that implies Cocoa West ranks as the #448 most expensive place in the Sunshine State.
For more reading on life in Cocoa West, check out:
Six factors go into calculating the cost of living index in Cocoa West. Here is how it fairs on each of the criteria:
The Services index in Cocoa West is 95.
The Groceries index in Cocoa West is 102.
The Health index in Cocoa West is 90.
The Housing index in Cocoa West is 52.
The Transportation index in Cocoa West is 97.
The Utilities index in Cocoa West is 101.
Living Expense | Cocoa West | Florida | National Average | |
---|---|---|---|---|
Overall | 83 | 101 | 100 | |
Services | 95 | 98 | 100 | |
Groceries | 102 | 101 | 100 | |
Health | 90 | 96 | 100 | |
Housing | 52 | 108 | 100 | |
Transportation | 97 | 98 | 100 | |
Utilities | 101 | 100 | 100 |
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 West is $116,400.
The Median Rent in Cocoa West is $1,057.
The Median Income in Cocoa West is $29,478.
The Home Value To Income in Cocoa West is 3.9x.
The Rent To Monthly Income in Cocoa West is 0.43x.
Statistic | Cocoa West | Florida | United States |
---|---|---|---|
Median Home Value | $116,400 | $248,700 | $244,900 |
Median Rent | $1,057 | $1,301 | $1,163 |
Median Income | $29,478 | $61,777 | $69,021 |
Home Value To Income | 3.9x | 4.0x | 3.5x |
Rent To Monthly Income | 0.43x | 0.25x | 0.2x |
Item | Cocoa West | Florida |
---|---|---|
Shampoo | $1.0 | $1.06 |
Movie | $10.55 | $10.68 |
Bowling | $14.36 | $14.67 |
Haircut | $20.89 | $18.62 |
Beauty Salon | $54.17 | $39.05 |
Item | Cocoa West | Florida |
---|---|---|
Ground Beef | $4.46 | $4.22 |
Fried Chicken | $1.27 | $1.39 |
Milk | $2.39 | $2.05 |
Potatoes | $3.42 | $3.29 |
Pizza | $9.66 | $10.62 |
Beer | $9.23 | $9.38 |
Toothpaste | $1.89 | $2.34 |
Item | Cocoa West | Florida |
---|---|---|
Optometrist | $100.39 | $108.57 |
Doctor | $83.46 | $116.17 |
Dentist | $97.71 | $99.13 |
Item | Cocoa West | Florida |
---|---|---|
Gasoline | $2.1 | $2.22 |
Tire Balancing | $49.25 | $50.07 |
Item | Cocoa West | Florida |
---|---|---|
All Electricity | $164.06 | $167.67 |
Phone | $187.87 | $175.64 |
The cost of living varies in the cities and towns around Cocoa West. 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 West.
Titusville, FL has a cost of living index of 87, 1.0x Cocoa West.
Merritt Island, FL has a cost of living index of 100, 1.2x Cocoa West.
City | Population | Cost Of Living | Vs. Cocoa West |
---|---|---|---|
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 | 1.2x |
Port St. John, FL | 24,677 | 87 | 1.0x |
Cocoa, FL | 18,891 | 86 | 1.0x |
Viera West, FL | 14,322 | 113 | 1.4x |
Viera East, FL | 12,020 | 102 | 1.2x |
Cocoa Beach, FL | 11,316 | 110 | 1.3x |
Satellite Beach, FL | 11,093 | 113 | 1.4x |