Cost of Living in North Merritt Island, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
163.4
100 = national avg
+63.4 vs national average
Living Wage (1 Adult)
$71,918
per year
Living Wage (Family of 4)
$169,987
per year
Cost Index by Category
Housing182.4
Food137.1
Transportation174.1
Healthcare129.6
Utilities138.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,478
per month
2 Bedroom
$1,709
per month
The overall cost of living index in North Merritt Island is 163.4, which is 63.4% above the national average. Housing costs are above the national average at an index of 182.4. A single adult needs to earn approximately $71,918 per year to cover basic expenses.