Pros and Cons of Living In Palm Bay, Florida. Is Palm Bay, FL a Nice Place To Live or Retire?

FIND OUT MORE DETAILS

Palm Bay, Florida

Moving to Palm Bay In Florida ? Is Palm Bay, FL a Nice Place To Live? Pros and Cons of Living in Palm Bay, Florida. Find out the best and worst about to live, raise a family or retire in Palm Bay.

DEMOGRAPHICS

Population
113751
Unemployment
6.3%
34% NAT AVG.
Poverty
13.4%
4% NAT AVG.
Cost Of Living
95
5% NAT AVG.

ECONOMICS

Median Home Cost
$172200
25% NAT AVG.
Median Income
$52435
22% NAT AVG.
Median Rent
$1101
5% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
2098
23% NAT. AVG.
17% STATE AVG.
Violent Crime
328
28% NAT. AVG.
27% STATE AVG.
Property Crime
1770
23% NAT. AVG.
14% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 7
Unemployed People
1 in 16
People Earning < $10,000
1 in 21
People Earning < $50,000
47.3%
People With Any Degree
1 in 3

ETHNICITY

Ethnicity Palm Bay USA
White 58.7% 60.1%
African American 17.4% 12.2%
American Indian 0.2% 0.6%
Asian 2% 5.6%
Hawaiian 0% 0.2%
Multiracial 4.2% 2.8%
Hispanic 16.7% 18.2%
Other 0.8% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Palm Bay USA
Less than $10,000 4.8% 5.8%
$10,000 to $14,999 4% 4.1%
$15,000 to $24,999 10.7% 8.5%
$25,000 to $34,999 12.2% 8.6%
$35,000 to $49,999 15.6% 12.0%
$50,000 to $74,999 24% 17.2%
$75,000 to $99,999 11.7% 12.8%
$100,000 to $149,999 11.2% 15.6%
$150,000 to $199,999 2.8% 7.1%

EDUCATION

Education Palm Bay USA
< 9th Grade 3% 5.0%
9-12th Grade 8% 7.0%
High School or GED 32% 27.0%
Other College 24% 20.0%
Associate's Degree 13% 9%
Bachelor's Degree 13% 20.0%
Master's Degree 6% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 0% 1.0%
Palm Bay is a city in Florida state in USA with a population of 113751 residents.. The poverty rate of Palm Bay is 13.4%, which is 4% lower than national average. The typical household in Palm Bay earns $52435 a year, compared to the national median of $67,500. Nearly 47.3% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Palm Bay remained 6.3%, which is 34% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Palm Bay is 95, which is 5% lower than national average. In Palm Bay, only 20% of adults have a bachelor's degree and 37% have some college but no degree. Median home value in Palm Bay is $172200 , which is 25% lower than national average. While median income in Palm Bay remained $52435, which is 22% lower than national average.
Palm Bay Scorecard

Jobs60%

Housing80%

Affordability50%

Safety60%

Amenities85%

Diversity90%

Education60%

THANKS FOR READING

Read this story and other stories in details on our Website.
FIND OUT MORE DETAILS