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Palm Bay, Florida

city · Brevard County (primary) , Hillsborough County

At a glance

130,132
Population
$283,200
Median home value (all homes)
7% below U.S. median
$305,804
Typical market value
Zillow, 2026-07
$1,601/mo
Median rent
19% above U.S. median
$72,614
Median household income
8% below U.S. median
27.8 min
Average commute
92.8%
Homes with broadband
53.59%
Locations with fiber available
6.1%
Unemployment

Cost of living (Clay Affordability Index)

CAI 99 — 1% below the national average. how it's computed

Housing11% above
Goods & services2% below
Utilities4% above
Taxes63% below
Insurance49% above
Commute cost1% above
No natural gas service in this area — most homes heat with electricity or propane.
For business: Florida is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college3 mi
Nearest community college40 mi
Nearest technical college4 mi
High school graduates91%
College graduates24%

Doing business here

Economic development contacts, most local first:

county Economic Development Florida's Space Coast
The Economic Development Commission of Florida’s Space Coast is a regional economic development organization for Florida’s Space Coast, offering site selection assistance, incentives information, and investor relations to help attract and retain business in the Brevard County area.
state Enterprise Florida
Florida-based economic development organization page offering business development, export resources, and international trade information, with contact details for a regional business development team.
state Florida Economic Development Council
Florida Economic Development Council is a Florida-based economic development organization with a board of directors and staff, offering membership, advocacy, events, and professional development for Florida's economic development professionals.
State sales taxYes
State income taxNone
Right-to-work stateYes

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