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Palm Bay, FL 32908 has a population of approximately 12,500 and experiences a population change rate of 130.54%. The population density is 648.4 / sq mi .
The median household income for Palm Bay, FL 32908 is $56,373, with 4,270 households and an average household size of 3.12.
The median value of a home in Palm Bay, FL 32908 is $324,000 with an appreciation rate of 26.80%. 82.85% of housing in the state is owned while 11.74% is rented.
The cost of living in Palm Bay, FL 32908 is 98.4 %.
The unemployment rate in Palm Bay, FL 32908 is 2.40%, and recent job growth is at 2.04%. Future job growth is projected at 50.62%.
The sales tax rate in Palm Bay, FL 32908 is 7.00%, while the income tax rate is 0.00% .
School expenditures in Palm Bay, FL 32908 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 54.1 inches per year, with 0 inches of snow per year.
