Economy, jobs and prices in Palm Bay, Florida: official figures
The median household income in Palm Bay was $72,614 a year in the 2020-2024 American Community Survey (in 2024 dollars), 315th lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the Florida median $74,568.
What is the per capita income in Palm Bay?
Income per resident (per capita income) in Palm Bay averaged $34,813 a year in 2020-2024, 243rd lowest of 823 US cities of 50,000 or more (US: $44,673; Florida: $42,609).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Palm Bay?
Palm Bay's Gini index of household income inequality was 0.448 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 395th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Palm Bay, Florida?
6.1% of the civilian labor force in Palm Bay was unemployed on average over 2020-2024 (3,808 people), 255th highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Florida's 4.8%.
Source: U.S. Census Bureau · saved copyHow many people in Palm Bay have jobs?
58,913 residents of Palm Bay held civilian jobs, 56.0% of those aged 16 and over (US: 59.7%), and 644 served in the armed forces.
Source: U.S. Census Bureau · saved copyWhat are the main industries in Palm Bay?
The largest industry group for working residents of Palm Bay was education, health care and social assistance (23.7% of employed residents), followed by retail trade (12.4%) and professional, scientific, management and administrative services (12.2%), 2020-2024.
Source: U.S. Census Bureau · saved copyHow many people in Palm Bay work in manufacturing?
Manufacturing employed 12.0% of working residents of Palm Bay, 190th highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 12.2% (US: 12.6%).
Source: U.S. Census Bureau · saved copyHow long is the commute in Palm Bay, Florida?
Commuters in Palm Bay took 27.8 minutes on average to get to work in 2020-2024, 237th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 7.1% travelled an hour or more and 15.5% less than 15 minutes.
Source: U.S. Census Bureau · saved copyHow do people in Palm Bay get to work?
11.0% of workers living in Palm Bay worked from home in 2020-2024, 263rd lowest of 823 US cities of 50,000 or more (US: 15.1%). 74.5% drove to work alone, 11.0% carpooled, 0.5% used public transport and 0.7% walked.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Palm Bay, Florida?
The median gross rent (rent plus utilities) in Palm Bay was $1,601 a month in 2020-2024, 406th highest of 823 US cities of 50,000 or more (US: $1,413; Florida: $1,669).
Source: U.S. Census Bureau · saved copyHow much does a house cost in Palm Bay?
Owner-occupied homes in Palm Bay had a median value of $283,200 in 2020-2024 as estimated by their owners, 245th lowest of 823 US cities of 50,000 or more (US: $332,700; Florida: $359,000).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Palm Bay?
The median home value in Palm Bay was 3.9 times the median household income, 287th lowest of 823 US cities of 50,000 or more (US: 4.1 times).
Source: U.S. Census Bureau · saved copyHow many households in Palm Bay have no internet?
5.3% of households in Palm Bay (2,447) had no internet access at home in 2020-2024, 350th highest of 823 US cities of 50,000 or more (US: 6.5%); 8.3% relied on a cellular data plan alone (US: 11.5%).
Source: U.S. Census Bureau · saved copyHow Palm Bay compares with other cities in the United States
Median household income (2024 dollars) (2020-2024)
Palm Bay ranks 509 of 823, highest first.
| Rank | City | Median household income (2024 dollars) |
|---|---|---|
| 506 | Inglewood | $72,750 |
| 507 | Marietta | $72,725 |
| 508 | Cuyahoga Falls | $72,705 |
| 509 | Palm Bay | $72,614 |
| 510 | Ogden | $72,575 |
| 511 | Mesquite | $72,537 |
| 512 | Tulare | $72,410 |
Per capita income (2024 dollars) (2020-2024)
Palm Bay ranks 581 of 823, highest first.
| Rank | City | Per capita income (2024 dollars) |
|---|---|---|
| 578 | Inglewood | $34,976 |
| 579 | Pinellas Park | $34,958 |
| 580 | Riverside | $34,896 |
| 581 | Palm Bay | $34,813 |
| 582 | Berwyn | $34,812 |
| 583 | Corpus Christi | $34,788 |
| 584 | Baton Rouge | $34,731 |
Gini index of household income inequality (2020-2024)
Palm Bay ranks 395 of 823, highest first.
| Rank | City | Gini index of household income inequality |
|---|---|---|
| 392 | Middletown | 0.449 |
| 393 | Orange | 0.449 |
| 394 | Texas City | 0.449 |
| 395 | Palm Bay | 0.448 |
| 396 | Pocatello | 0.448 |
| 397 | Everett | 0.448 |
| 398 | Yuba City | 0.448 |
Unemployment rate (share of civilian labor force) (2020-2024)
Palm Bay ranks 255 of 823, highest first.
| Rank | City | Unemployment rate (share of civilian labor force) |
|---|---|---|
| 252 | Tulsa | 6.1% |
| 253 | Racine | 6.1% |
| 254 | Cranston | 6.1% |
| 255 | Palm Bay | 6.1% |
| 256 | Edinburg | 6.1% |
| 257 | Sterling Heights | 6.1% |
| 258 | Pittsburgh | 6.1% |
Labor force participation rate (16 and over) (2020-2024)
Palm Bay ranks 713 of 823, highest first.
| Rank | City | Labor force participation rate (16 and over) |
|---|---|---|
| 710 | Beaumont | 60.4% |
| 711 | Ann Arbor | 60.3% |
| 712 | Orland Park | 60.3% |
| 713 | Palm Bay | 60.2% |
| 714 | Lacey | 60.2% |
| 715 | Newark | 60.2% |
| 716 | Yuma | 60.2% |
Mean travel time to work (minutes) (2020-2024)
Palm Bay ranks 237 of 823, highest first.
| Rank | City | Mean travel time to work (minutes) |
|---|---|---|
| 234 | Schaumburg | 27.8 |
| 235 | Downers Grove | 27.8 |
| 236 | Berkeley | 27.8 |
| 237 | Palm Bay | 27.8 |
| 238 | Palatine | 27.7 |
| 239 | Methuen | 27.7 |
| 240 | Marana | 27.7 |
Workers who worked from home (2020-2024)
Palm Bay ranks 561 of 823, highest first.
| Rank | City | Workers who worked from home |
|---|---|---|
| 558 | Hawthorne | 11.1% |
| 559 | Anaheim | 11.1% |
| 560 | Sparks | 11.1% |
| 561 | Palm Bay | 11.0% |
| 562 | New Brunswick | 11.0% |
| 563 | Daytona Beach | 10.9% |
| 564 | Fresno | 10.9% |
Workers commuting by public transportation (2020-2024)
Palm Bay ranks 592 of 823, highest first.
| Rank | City | Workers commuting by public transportation |
|---|---|---|
| 589 | League City | 0.5% |
| 590 | Medford | 0.5% |
| 591 | Pasco | 0.5% |
| 592 | Palm Bay | 0.5% |
| 593 | Albany | 0.5% |
| 594 | Rock Hill | 0.5% |
| 595 | Boise City | 0.5% |
Employed residents working in manufacturing (2020-2024)
Palm Bay ranks 190 of 823, highest first.
| Rank | City | Employed residents working in manufacturing |
|---|---|---|
| 187 | Suffolk | 12.1% |
| 188 | Mount Prospect | 12.0% |
| 189 | Bristol | 12.0% |
| 190 | Palm Bay | 12.0% |
| 191 | Springfield | 12.0% |
| 192 | Greensboro | 11.9% |
| 193 | Cleveland | 11.9% |
Employed residents in education, health care and social assistance (2020-2024)
Palm Bay ranks 349 of 823, highest first.
| Rank | City | Employed residents in education, health care and social assistance |
|---|---|---|
| 346 | Eagle Mountain | 23.7% |
| 347 | Florissant | 23.7% |
| 348 | Maple Grove | 23.7% |
| 349 | Palm Bay | 23.7% |
| 350 | Broken Arrow | 23.6% |
| 351 | Rocklin | 23.6% |
| 352 | Oak Lawn | 23.6% |
Median gross rent per month (2020-2024)
Palm Bay ranks 406 of 823, highest first.
| Rank | City | Median gross rent per month |
|---|---|---|
| 403 | Sanford | $1,609 |
| 404 | Des Plaines | $1,606 |
| 405 | Troy | $1,602 |
| 406 | Palm Bay | $1,601 |
| 407 | Stonecrest | $1,601 |
| 408 | Cathedral City | $1,601 |
| 409 | Olympia | $1,599 |
Median value of owner-occupied homes (2020-2024)
Palm Bay ranks 579 of 823, highest first.
| Rank | City | Median value of owner-occupied homes |
|---|---|---|
| 576 | Deltona | $285,400 |
| 577 | Columbia | $284,600 |
| 578 | Chattanooga | $283,200 |
| 579 | Palm Bay | $283,200 |
| 580 | Fargo | $281,900 |
| 581 | Oak Lawn | $281,200 |
| 582 | Livonia | $281,100 |
Median home value as a multiple of median household income (2020-2024)
Palm Bay ranks 534 of 820, highest first.
| Rank | City | Median home value as a multiple of median household income |
|---|---|---|
| 531 | Maricopa | 3.9x |
| 532 | Downers Grove | 3.9x |
| 533 | Mount Prospect | 3.9x |
| 534 | Palm Bay | 3.9x |
| 535 | Lakeland | 3.9x |
| 536 | Bloomington | 3.9x |
| 537 | Euless | 3.9x |
Occupied homes lived in by their owners (2020-2024)
Palm Bay ranks 41 of 823, highest first.
| Rank | City | Occupied homes lived in by their owners |
|---|---|---|
| 38 | Menifee | 80.2% |
| 39 | Deltona | 80.2% |
| 40 | Collierville | 79.9% |
| 41 | Palm Bay | 79.7% |
| 42 | Westfield | 79.5% |
| 43 | Bolingbrook | 79.1% |
| 44 | Surprise | 79.1% |
Households with a broadband subscription (2020-2024)
Palm Bay ranks 395 of 823, highest first.
| Rank | City | Households with a broadband subscription |
|---|---|---|
| 392 | Charleston | 92.8% |
| 393 | Coon Rapids | 92.8% |
| 394 | Midland | 92.8% |
| 395 | Palm Bay | 92.8% |
| 396 | Norwalk | 92.8% |
| 397 | Greer | 92.8% |
| 398 | Prescott Valley | 92.8% |
Households with no internet access (2020-2024)
Palm Bay ranks 350 of 823, highest first.
| Rank | City | Households with no internet access |
|---|---|---|
| 347 | Pembroke Pines | 5.4% |
| 348 | Las Cruces | 5.3% |
| 349 | Hampton | 5.3% |
| 350 | Palm Bay | 5.3% |
| 351 | Commerce City | 5.3% |
| 352 | Medford | 5.3% |
| 353 | Casa Grande | 5.3% |
More on Palm Bay: overview · health · education and schools · poverty and living standards · government budget · all cities in the United States
Sources
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B08013: Aggregate Travel Time to Work (in Minutes) of Workers by Sex (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 6939fdfa046fd5bb829ec8da9549e66298cc740f6a3f5dd60e1920a08e3083fb), read 23 October 2026 · saved copy (SHA-256 5f94e7878b6a…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B23025: Employment Status for the Population 16 Years and Over (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 264a5bd9367c5f58d9773fa4966fa94fe1e02f9c7106bc2ab39168d6de7c3e4a), read 23 October 2026 · saved copy (SHA-256 2630e6946370…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19083: Gini Index of Income Inequality (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 338f7a1191eaaf3913913e78c36aaa9d82f2b5c8faaf889be2e597b28869205e), read 23 October 2026 · saved copy (SHA-256 b8cf854b1f94…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table C24030: Sex by Industry for the Civilian Employed Population 16 Years and Over (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 66a2799a71a5fc36f0e3bc22767fe5bdd8f96eb29e85b91311e990d35cc14114), read 23 October 2026 · saved copy (SHA-256 5d717c57e7e4…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19013: Median Household Income in the Past 12 Months (in 2024 Inflation-Adjusted Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 b25a176b0e6c339b6f3a2a0d3d8446bf06f5f080b4395993ec9a8313efb1c229), read 23 October 2026 · saved copy (SHA-256 1d8a264807c6…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B08301: Means of Transportation to Work (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 552b24c135b6e7c566910914a861cda6fc798ba0cd47801b1eb64295a128c2ee), read 23 October 2026 · saved copy (SHA-256 eaf823006d53…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19301: Per Capita Income in the Past 12 Months (in 2024 Inflation-Adjusted Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 9fc107e98fee7fa49bb8314560205569184fad65fb64b80adb5c5bdd83ccc409), read 23 October 2026 · saved copy (SHA-256 24c1e725b26a…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25064: Median Gross Rent (Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 b36e6dc1fcef36b8b307d31b37517b64c80d8b9c70d48c9b1894242860f42eb0), read 23 October 2026 · saved copy (SHA-256 b842a7ff825c…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25077: Median Value (Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 89eb2153764a2330b23959d8bbc29b3a8f3016f087b990f2a8ea0d5096d9a816), read 23 October 2026 · saved copy (SHA-256 22b59a3b1acb…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B28002: Presence and Types of Internet Subscriptions in Household (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 12446ff0691b8818f5908cdc398817361772c5b3078c506d0409adc9c841840b), read 23 October 2026 · saved copy (SHA-256 4b375b368bf9…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25003: Tenure (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 68e963e1ed60fcf6b0658579cefc6498b7a9eb780b9f3e87fd1b9775c4d4ac6c), read 23 October 2026 · saved copy (SHA-256 2983c28f47fa…)
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