Palm Bay, Florida 

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Economy in Palm Bay, Florida

Palm Bay has an unemployment rate of 3.7%. The US average is 3.9%.

Palm Bay has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.

Tax Rates for Palm Bay
- The Sales Tax Rate for Palm Bay is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Bay is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Palm Bay
- The average income of a Palm Bay resident is $20,458 a year. The US average is $28,555 a year.
- The Median household income of a Palm Bay resident is $43,064 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYPalm Bay, FloridaUnited States
  3.7%3.9%
  1.9%1.6%
  42.2%33.5%
  7.0%7.3%
  0.0%4.6%
  $21,702$31,177
  $45,811$57,652
  $51,919$70,850
  POPULATION BY OCCUPATION
  0.2%1.3%
  0.0%0.6%
  6.3%6.2%
  10.9%10.4%
  1.8%2.7%
  15.8%11.6%
  3.4%4.1%
  0.5%0.9%
  1.8%2.1%
  2.7%4.7%
  1.6%1.9%
  4.9%6.7%
  0.1%0.1%
  6.7%4.3%
  7.4%9.3%
  16.3%13.8%
  1.7%2.2%
  8.2%7.4%
  5.2%4.9%
  4.3%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Palm Bay    24 Reviews
    it is a nice place but lacks good paying job - 10/17/2017
    The cost of living here is not cheap food is expensive if you make 45k you are screwed. If you are a minority you better have a job before you come down here other wise... Read More

    Start Your Review of Palm Bay


    Burmuda run - 9/2/2016
    What is this community look like Is it pretty or just... Read More

    WORST.PLACE.EVER. Palm Bay--Melbourne--West Melbo - 7/13/2016
    For your own good, PLEASE DO NOT MOVE TO THIS AREA OR ANY AREA OF BREVARD COUNTY FLORIDA! The economy is in the tank, has been for years, and will be for several more. ... Read More


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    COMPARE COST OF LIVING
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    MAPS OF PALM BAY, FLORIDA
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Palm_Bay,Florida Map
    ZIP CODES IN PALM BAY, FLORIDA
    32907 32909 32905 32908

    NEW LISTINGS IN PALM BAY
    $225,000
    1334 Lerici St NW
    Bed 3 | Bath 2

    $225,000
    1101 Dorchester Rd NW
    Bed 3 | Bath 2

    $245,500
    1871 Bashaw St NW
    Bed 4 | Bath 2

    $293,000
    606 Binney St NE
    Bed 6 | Bath 5

    $165,000
    427 Borraclough Ave NW
    Bed 2 | Bath 2

    $218,000
    385 Fluvia Ave SE
    Bed 4 | Bath 2

    $169,900
    2361 Aquilos Ave SE
    Bed 3 | Bath 2


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