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Merritt Island has a population of approximately 34,013 and experiences a population change rate of -5.76%. The population density is 1,941.6 / sq mi .
The median household income for Merritt Island is $78,022, with 13,582 households and an average household size of 2.49.
The median value of a home in Merritt Island is $433,900 with an appreciation rate of 26.80%. 65.24% of housing in the state is owned while 15.19% is rented.
The cost of living in Merritt Island is 113.2 %.
The unemployment rate in Merritt Island is 2.40%, and recent job growth is at 2.04%. Future job growth is projected at 50.62%.
The sales tax rate in Merritt Island is 7.00%, while the income tax rate is 0.00% .
School expenditures in Merritt Island are $10,715, and the school ratio is 16.4:1.
The average high temperature in July is 90.4 degrees, with an average low temperature in January of 49.4 degrees. The average rainfall is approximately 53.3 inches per year, with 0 inches of snow per year.
