Palm Bay, Florida Population

Palm Bay, Florida has a population of 120,000, with a median household income of $105,114.

Current population data for Palm Bay.

120,000

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Population

120,000

💰

Median Income

$105,114

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Unemployment

5.20%

🏠

Housing Price

$555,552

🚨

Crime Rate

3.10

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Internet Speed

240.00 Mbps

Palm Bay is a mid-sized city located in Florida. The city has a population that is above the average city population in Florida, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Florida, Palm Bay provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Palm Bay has a population of 120,000, which is higher than the state average. This indicates a relatively larger urban presence within Florida.

Income and Economy

The median household income in Palm Bay is $105,114, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Palm Bay average around $555,552, which is relatively high compared to other cities in Florida.

Employment and Safety

The unemployment rate in Palm Bay is 5.20%, which is lower than the state average, indicating a relatively strong job market. Palm Bay has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Florida, Palm Bay shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Palm Bay continues to play a role in shaping regional trends in Florida, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Palm Bay

What is the population of Palm Bay?

The population of Palm Bay is approximately 120,000.

Is Palm Bay a good place to live?

Palm Bay offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Palm Bay?

The median household income in Palm Bay is around $105,114.

How expensive is housing in Palm Bay?

The average housing price in Palm Bay is approximately $555,552.