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Palm Bay has a population of approximately 118,709 and experiences a population change rate of 49.48%. The population density is 1,213.7 / sq mi .
The median household income for Palm Bay is $55,963, with 41,900 households and an average household size of 2.82.
The median value of a home in Palm Bay is $301,500 with an appreciation rate of 26.80%. 70.99% of housing in the state is owned while 19.70% is rented.
The cost of living in Palm Bay is 96.8 %.
The unemployment rate in Palm Bay is 2.70%, and recent job growth is at 2.04%. Future job growth is projected at 50.17%.
The sales tax rate in Palm Bay is 7.00%, while the income tax rate is 0.00% .
School expenditures in Palm Bay are $10,715, and the school ratio is 16.4:1.
The average high temperature in July is 90.7 degrees, with an average low temperature in January of 49.3 degrees. The average rainfall is approximately 54 inches per year, with 0 inches of snow per year.
