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CITY · 2020 ACS

Palm Bay

Florida · 119,760 residents · 86.679 sq mi
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The short version

Palm Bay has lower-than-average household income, with a median household income of $52,435. The city has grown rapidly, with population up 51% since 2000. 20% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $172,200.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 42.4
US median: 38.8
Less educated
20% hold a bachelor's degree
US average: 33%
Less affordable
home values up 50%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
119,760
+51%since 2000
from 79,413 in 2000
1990 – 2025
Population density
1,382 / sq mi
+51%since 2000
from 916 / sq mi in 2000
US average: 280
Median age
42.4
+14%since 2000
from 37.2 in 2000
US average: 38.8
Population, 1990 – 2024
56K76K96K117K137K1990201020202024Palm Bay
2024130K
1990201020202024
Section 02

Income & economy

Median household income
$52,435
−4%inflation adjusted, since 2000
from $36,508 in 2000
US average: $66,278
1990 – 2024
Per capita income
$24,075
+42%since 2000
from $16,992 in 2000
US average: $35,364
Households earning $100K+
28.7%
+5.7 ptssince 2009
from 23.1% in 2009
US average: 43.9%
Poverty rate
13.4%
+3.9 ptssince 2000
from 9.5% in 2000
US average: 12.8%
Workforce by industry, 2020
Information13.3%
US avg: 11.1%
Retail trade10.8%
US avg: 10%
Wholesale trade6.2%
US avg: 6.7%
Finance & insurance4.9%
US avg: 5.5%
Other services4.3%
US avg: 6.6%
Professional, scientific, technical4.2%
US avg: 4.7%
Public administration3%
US avg: 4.7%
Transportation & warehousing1.8%
US avg: 2.5%
Arts, entertainment, food1.2%
US avg: 2%
Education & health services0.7%
US avg: 0.8%
Agriculture, forestry, fishing0.5%
US avg: 1.7%
Construction0.5%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$172,200
+50%inflation adjusted, since 2000
from $76,200 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,101
+16%inflation adjusted, since 2000
from $633 in 2000
US average: $1,124
Owner-occupied
75.0%
−0.4 ptssince 2000
from 75.3% in 2000
25.0% rent
Afford Score
3.3
+57%since 2000
from 2.1 in 2000
1990 – 2024
RELATED:See current rent listings in Palm Bay on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic76.2%(60,549)
Black10.9%(8,634)
Hispanic / Latino8.6%(6,850)
Asian1.7%(1,325)
Other0%
Diversity Score45.8%(36,408)
2020
White, non-Hispanic56.6%(67,826)
Black17.1%(20,426)
Hispanic / Latino17.9%(21,436)
Asian1.9%(2,273)
Other5.3%(6,292)
Diversity Score75.6%(90,587)
Diversity Score
76
+65%since 2000
from 46 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
19.6%
+2.9 ptssince 2000
from 16.7% in 2000
US average: 32.9%
High school or higher
88.4%
+4.7 ptssince 2000
from 83.7% in 2000
US average: 88.5%
Graduate degree
6.7%
+1.8 ptssince 2000
from 4.9% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
27.5 min
+67%since 2000
from 16.4 min in 2000
US average: 26.9
Drive alone to work
84.2%
−0.2 ptssince 2009
from 84.4% in 2009
US average: 75.1%
No vehicle available
4.0%
+0.6 ptssince 2009
from 3.4% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.3%
−5.9 ptssince 2011
from 12.2% in 2011
US average: 5.4%
Labor force participation
58.0%
−4.3 ptssince 2011
from 62.3% in 2011
US average: 63.4%
Management & professional
32.2%
−28.0 ptssince 2009
from 60.2% in 2009
US average: 39.3%
Section 08

People & community

Male
49.2%
+0.3 ptssince 2009
from 48.8% in 2009
Female
50.8%
−0.3 ptssince 2009
from 51.2% in 2009
Foreign born
13.4%
−0.8 ptssince 2009
from 14.2% in 2009
US average: 13.5%
Uninsured
13.0%
−67.7 ptssince 2013
from 80.7% in 2013
US average: 8.8%
Drill deeper

Places similar to Palm Bay

Metairie
Pop 139,729
Cedar Rapids
Pop 137,935
West Palm Beach
Pop 127,189
Hollywood
Pop 157,019
Places similar to Palm Bay
Head to head

Compare Palm Bay to nearby cities

PALM BAY VS
West Melbourne
Income$92,986+77%
Home value$377,100+119%
Population31,285−79%
SEE FULL COMPARISON →
PALM BAY VS
Melbourne
Income$66,991+28%
Home value$306,400+78%
Population87,097−41%
SEE FULL COMPARISON →
PALM BAY VS
Micco
Income$45,794−13%
Home value$172,600same
Population8,896−94%
SEE FULL COMPARISON →
PALM BAY VS
Indian Harbour Beach
Income$97,254+85%
Home value$440,200+156%
Population8,914−94%
SEE FULL COMPARISON →
Frequently asked

How many people live in Palm Bay, Florida?

Palm Bay, Florida has about 119,760 residents according to the 2020 American Community Survey.

What is the median household income in Palm Bay, Florida?

The typical household in Palm Bay, Florida earns about $52,435 a year. Half of households make more than that, and half make less.

Is Palm Bay, Florida expensive?

In Palm Bay, Florida, the median home is worth about $172,200, and the typical rent is about $1,101 a month.

How educated are people in Palm Bay, Florida?

About 19.6% of adults age 25 and over in Palm Bay, Florida hold a bachelor's degree or higher.

What is the poverty rate in Palm Bay, Florida?

About 13.4% of people in Palm Bay, Florida live below the federal poverty line.

Has Palm Bay, Florida grown since 1990?

Yes, Palm Bay, Florida has grown since 1990. The population has added about 57,128 residents, a change of about 91 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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