I lived here for 2 years (Sep 2004-2006). Cost of living is cheaper than other areas of Florida, but not the country. There have been new housing developments and housing prices have skyrocketed. I myself own a condo in Melbourne (Viera). I would go back, because the town itself is situated in a very opportune location. Everything you need is within driving distance, and Orlando is less than an hour away which satisfy all your wants.