Compare / New York to Palm Bay
New York, NY vs Palm Bay, FL
Simple answer
You'd likely save $1,192 a month in Palm Bay.
This is the HUD 2-bedroom fair-market rent for October 2026 through September 2027. It is not your lease.
The largest cost gap in this pair is Fair Market Rent. The 2-bedroom Fair Market Rent gap is $1,192: New York is higher at $2,971 versus $1,779.
New York taxes wages at rates up to 10.90%. Florida has no tax on wages. Combined sales tax differs by 1.6 percentage points, higher in New York. The effective property tax gap is 0.70 percentage points, higher in New York.
After a move from New York to Florida, these benefit results change for a family of four at $40,000 and a single adult at $18,000: Marketplace premium tax credits, Medicaid and CHIP.
A $75,000 salary in New York lines up with about $66,633 in Palm Bay on the 2024 all-items price parity. Census median gross rent and the commute figures are 2024. Fair Market Rents are fiscal year 2027.
New York
New York-Newark-Jersey City, NY-NJ
- 2-bedroom Fair Market Rent
- $2,971
- HUD area
- New York, NY HUD Metro FMR Area
- Census median gross rent
- $1,851
- All-items price parity
- 112.6
- Goods price parity
- 110.3
- Utilities price parity
- 127.0
- Mean commute
- 36.5 min
- Median household income
- $99,852
Palm Bay
Palm Bay-Melbourne-Titusville, FL
- 2-bedroom Fair Market Rent
- $1,779
- HUD area
- Palm Bay-Melbourne-Titusville, FL MSA
- Census median gross rent
- $1,681
- All-items price parity
- 100.0
- Goods price parity
- 96.2
- Utilities price parity
- 88.1
- Mean commute
- 26.5 min
- Median household income
- $78,196
Equivalent salary
The first number keeps the same place in the national price level. The second also runs 2026 federal income tax, employee Social Security and Medicare, and a simplified state income tax. Groceries use the BEA goods price parity, not a grocery receipt.
$66,633
Salary in Palm Bay that matches the 2024 all-items regional price parity.
$60,245
Gross salary in Palm Bay whose after-tax pay buys the same basket, using price parities.
$44,909
Scales the salary by the ratio of HUD 2-bedroom Fair Market Rents. Rent is not the whole budget.
Taxes on the two sides of the move
| Tax | New York | Florida |
|---|---|---|
| State income tax on wages | up to 10.90% | No wage tax |
| Combined sales tax, Jan 1, 2026 | 8.5% | 7.0% |
| Effective property tax, ACS 2024 median / median | 1.45% | 0.75% |
On a $400,000 home, the state median effective rate implies about $5,818 a year in New York and $3,016 in Florida. That illustration is not a local bill. Childcare prices are not in the verified dataset for these metros.
Benefits if you land in Florida
Same household, $40,000 a year, scored once in New York and once in Florida. This is an illustration, not your application.
Food stamps (SNAP)
New YorkLikely eligible
Palm BayLikely eligible
Medicaid and CHIP
New YorkLikely eligible
Palm BayLikely eligible
WIC
New YorkLikely eligible
Palm BayLikely eligible
School meals
New YorkLikely eligible
Palm BayLikely eligible
LIHEAP
New YorkMaybe
Palm BayMaybe
Earned Income Tax Credit
New YorkLikely eligible
Palm BayLikely eligible
Child Tax Credit
New YorkLikely eligible
Palm BayLikely eligible
Marketplace premium tax credits
New YorkUnlikely
Palm BayLikely eligible
Lifeline phone and internet
New YorkLikely eligible
Palm BayLikely eligible
SSI
New YorkUnlikely
Palm BayUnlikely
| Program | New York | Palm Bay |
|---|---|---|
| Food stamps (SNAP) | Likely eligible | Likely eligible |
| Medicaid and CHIP | Likely eligible | Likely eligible |
| WIC | Likely eligible | Likely eligible |
| School meals | Likely eligible | Likely eligible |
| LIHEAP | Maybe | Maybe |
| Earned Income Tax Credit | Likely eligible | Likely eligible |
| Child Tax Credit | Likely eligible | Likely eligible |
| Marketplace premium tax credits | Unlikely | Likely eligible |
| Lifeline phone and internet | Likely eligible | Likely eligible |
| SSI | Unlikely | Unlikely |
Marketplace premium tax credits changes. In New York the result is “Unlikely — Medicaid is the closer program.” In Palm Bay it is “Likely inside the 2026 subsidy range.” New York expanded Medicaid, and this income is in the Medicaid range. Marketplace subsidies are usually not the program in that case.
Related comparisons
From New York
The eight largest 2-bedroom Fair Market Rent gaps from New York.
- New York and McAllen · rent gap $1,954
- New York and Wichita · rent gap $1,928
- New York and Little Rock · rent gap $1,850
- New York and Toledo · rent gap $1,826
- New York and El Paso · rent gap $1,825
- New York and Baton Rouge · rent gap $1,822
- New York and Columbia · rent gap $1,745
- New York and Tulsa · rent gap $1,742
Nearby metros
How the salary and tax math works · The reverse city order redirects to this address.