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Palm Bay, FL
Full City Profile · Florida · Indian River County County
3.1
/5.0
B
Good
125,273
Population
1,445/sq mi density
$67,521
Median Income
$34,474 per capita
$248,000
Home Value
$299,958 Zillow
$1,487
Median Rent
33.1% income on rent
74°F
Avg Temperature
337 sunny days/yr
343
Violent Crime/100K
1,715 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$67,521 median income, 3.6% unemployment
A+
Affordability
4.6 / 5.0
$248,000 home value, $1,487/mo rent
F
Safety
1.0 / 5.0
343 violent crimes/100K
C+
Education
2.8 / 5.0
22.6% bachelor's degree or higher
Income Overview
Median Household Income
$67,521
10% below
US avg: $75,149
Per Capita Income
$34,474
12% below
US avg: $39,052
Unemployment Rate
3.6%
0% below
US avg: 3.6%
Poverty Rate
8.2%
34% below
US avg: 12.4%
Income Comparison: Palm Bay vs. U.S. Average
Each bar shows Palm Bay’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$67,521
90%
Per Capita
US: $39,052
$34,474
88%
IRS Avg AGI
US: $72,000
$146,925
204%
Avg Weekly Wage
US: $1,432
$1,115
78%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,115
22% below US avg ($1,432)
Mean Commute Time
28 min
0% below US avg (28 min)
Work From Home
9.4%
38% below US avg (15.2%)
Drive Alone
76.5%
4% above US avg (73.2%)
Public Transit
1.0%
81% below US avg (5.0%)
County GDP
$11,152M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
76.5%
Public Transit
1%
Work From Home
9.4%
Other
13.1%
Average commute time
28 minutes
US avg: 28 min
Business Landscape
Total Establishments
5,868
Restaurants
316
Healthcare
560
Retail
612
Manufacturing
104
Tax & Financial
IRS Avg Adjusted Gross Income
$146,925
104% above US avg ($72,000)
Avg Property Tax
$15,815
352% above US avg ($3,500)
Cost of Living Index
103.4
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $67,521 |
| Per Capita Income | $34,474 |
| IRS Avg Adjusted Gross Income | $146,925 |
| Avg Weekly Wage | $1,115 |
| County GDP | $11,152M |
Hardship Indicators
| Unemployment Rate | 3.6% |
| Poverty Rate | 8.2% |
| Gini Coefficient | 0.507 |
| Cost of Living Index | 103.4 |
Commute
| Mean Commute | 28 minutes |
| Drive Alone | 76.5% |
| Public Transit | 1.0% |
| Work From Home | 9.4% |
Businesses
| Total Establishments | 5,868 |
| Restaurants | 316 |
| Healthcare | 560 |
| Retail | 612 |
| Manufacturing | 104 |
Tax
| IRS Avg AGI | $146,925 |
| Avg Property Tax | $15,815 |