Melbourne, Florida – Retirement Guide

Melbourne, Florida   Retirement Guide

Located along Florida’s “Space Coast,” named for its proximity to Cape Canaveral, Melbourne offers retirees low-cost living near beaches, waterways and universities. Melbourne typically sees mild year-round temperatures, with a monthly average of 64 degrees, and, like much of Florida, a rainy season from May through October.

The town’s low cost of living, multiple retirement communities and reasonably priced housing (the median home income is less than $130,000) make it an attractive destination for retirees.

Miles of beach flank Melbourne’s coast, and part of the town lies on a barrier island, separated from the mainland by the Indian River Lagoon. Being surrounded by so much water has made boating and fishing popular activities for retirees in the region, though Melbourne isn’t without its share of culture.

The small town boasts the Brevard Symphony Orchestra, Henegar Center for the Performing Arts, Maxwell C. King Center for the Performing Arts, Historic Rossetter House Museum and the Liberty Bell Memorial Museum.

Pros: Proximity to beaches and water-based activities
Con: Crime rate is higher than national average

At a Glance
Best For: Boat lovers
Population: 76,095
Cost of Living: 9.6% lower than national average
Median Home Cost: $128,900
Unemployment: 7.8%
Top State Income Tax: no state income tax
Crime Rate: 48% higher than national average

As previously mentioned, the area is home to a number of university campuses, including the Florida Institute of Technology-Melbourne, as well community and civic centers with special programs for seniors.

The city is also well-suited for sports lovers, and features to 2 golf courses, as well as the Space Coast Stadium, home to the Washington Nationals’ Spring Training camp.

Photo by ajmexico via Flickr. All statistics were up to date as of publication. See these sources for the most current data.