Cost of Living in Merritt Island, Florida
Merritt Island has a population of about 34,992. The median household income is $94,012, median gross rent is $1,441/month, and the median home value is $402,900. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Merritt Island expensive to live in?
Compared with the national median in this dataset, rent in Merritt Island is 13% below the national median and home values are 8% above the national median. Household income here is 12% above the national median. Monthly rent represents roughly 18% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Merritt Island?
The median gross rent in Merritt Island, Florida is $1,441 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Merritt Island?
The median owner-occupied home value in Merritt Island is $402,900 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Merritt Island?
The median household income in Merritt Island is $94,012 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.