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ZipNumbers

Florida · Census place 54000

Palm Bay city, FL

Quick answer

Palm Bay city has 125,273 residents, ranking #17 of 955 places in Florida. Median household income is $67,521, the median home is worth $248,000 and median gross rent runs $1,487 a month.

Population
125,273Palm Bay city residents
Median household income
$67,521Past 12 months, inflation adjusted
Median home value
$248,000Owner-occupied units
Median gross rent
$1,487Rent plus utilities, monthly
Median age
41.3 yrsAll residents
Homeownership rate
79.4%Owner-occupied households

What the numbers mean in Palm Bay city

Housing cost measured against local earnings.

A household earning the Palm Bay city median would spend about 26.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.5% of residents and 79.4% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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