At a Glance
Median Income
$67,521
$34,474 per capita
Home Value
$248,000
Zillow: $303,910
Median Rent
$1,487/mo
33.1% of income on rent
Violent Crime
354/100K
1,031/100K property
Bachelor's Degree+
22.6%
90.8% high school+
Unemployment
5.9%
8.2% poverty rate
Obesity Rate
36.5%
14.8% smoking rate
How Palm Bay Compares to the U.S. Average
Each bar shows Palm Bay's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Palm Bay a Good Place to Live?
B
3.0 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Palm Bay residents earn a median household income of $67,521 , which is 10% below the national average of $75,149.
Per capita income is $34,474. The unemployment rate stands at 5.9% (64% above the U.S. rate of 3.6%). 8.2% of residents live below the poverty line. The area is home to 5,868 business establishments, including 316 restaurants.
Housing & Cost of Living
The median home value in Palm Bay is $248,000 , 12% below the national median of $281,900.
Zillow estimates the typical home at $303,910. Median rent is $1,487/month, with 33.1% of renters spending more than 30% of income on housing. The cost of living index is 103.4 (100 = national average). The median home was built in 1991.
Safety & Crime
Palm Bay reports 354 violent crimes per 100,000 residents
, which is 7% below the national average of 380/100K.
Property crime is 1,031/100K. The murder rate is 9.2/100K.
Education
22.6% of adults in Palm Bay hold a bachelor's degree or higher
(33% below the national average).
90.8% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Palm Bay has an average annual temperature of 73°F (23°C).
Winters average 61°F in January while summers reach 82°F in July. Annual precipitation totals 55.6 inches.
Data Overview
People
Population125,273
Median Age41.3 yrs
Density1,445/mi²
Male / Female49% / 51%
Foreign Born15.1%
Veterans10.6%
Economy
B+
Median Income$67,521
Per Capita$34,474
Unemployment5.9%
Poverty8.2%
County GDP$11,152M
Avg Weekly Wage$1,115
Housing
A+
Home Value$248,000
Rent$1,487
Ownership79.4%
Zillow$303,910
Housing Units47,568
Rent Burden33.1%
Crime
F
Violent354/100K
Property1,031/100K
Murder9.2/100K
Assault242/100K
Burglary230/100K
Health
Obesity36.5%
Diabetes11.4%
Smoking14.8%
Heart Disease5.8%
Premature Death9,380/100K
Climate
Avg Temp73°F
Rain55.6 in/yr
Elevation56 ft
Education
C+
Bachelor's+22.6%
High School+90.8%
Graduate+7.7%
School Score5.6/10
Community
2024 VoteR 63% / D 36%
Commute28 min
Broadband91.8%
Internet Speed112 Mbps
EV Stations14
Libraries5
Did You Know?
Palm Bay was founded in 1960.
The median home in Palm Bay was built in 1991.
The nearest airport is Melbourne Orlando International (10 miles).
The Gini coefficient (income inequality) is 0.507 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
16.3% of the population has a disability.
15.1% of residents are foreign-born.
Average internet download speed is 112 Mbps.
There are 316 restaurants in the area.
The county recorded 23 fatal vehicle crashes.