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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
Change Over Time (2013–2023)
Population Change
+29.1%
105,369 → 136,084
over 10 years
Annual Pop. Growth
+2.59%
Compound annual growth rate
Median Income Change
+56.7%
$43,076 → $67,521
nominal, not inflation-adjusted
Annual Income Growth
+4.6%
Compound annual growth rate
Population Over Time
Total population for Palm Bay across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
162,758
+26,674 from 2023 (136,084)
Projected Median Income 2030
$92,504
+$24,983 from 2023 ($67,521)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 105,369 | — | $43,076 | — |
| 2015 | 108,230 | +2.7% | $43,163 | +0.2% |
| 2017 | 112,285 | +3.7% | $45,811 | +6.1% |
| 2019 | 115,369 | +2.7% | $51,408 | +12.2% |
| 2021 | 122,942 | +6.6% | $55,963 | +8.9% |
| 2023 | 136,084 | +10.7% | $67,521 | +20.7% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.