Palm Bay

Population: 125,273
Median household income: $67,521
Median home value: $248,000

Palm Bay is a community in Brevard County, Florida, home to 125,273 residents. The median household income of $67,521 is below the Brevard County median ($75,817).

Between 2019 and 2023, Palm Bay's population grew 11.9% from 111,997 to 125,273, while its median home value rose 59.8% from $155,200 to $248,000.

Owners occupy 79.4% of the area's occupied homes. The median resident is 41.3 years old.

Demographics

ACS 2019–2023

Population: 125,273
Median age: 41.3 yrs
Median household income: $67,521
Median home value: $248,000
Median gross rent: $1,487
Housing units: 48,826
Homeownership rate: 79.4%
Bachelor's degree or higher: 22.6%
Unemployment rate: 5.9%

Trends

ACS 5-year · 2019–2023

Population

111,997125,273

Median household income

$51,408$67,521

Median home value

$155,200$248,000

Median gross rent

$1,059$1,487

Year	Population	Median household income	Median home value	Median gross rent
2019	111,997	$51,408	$155,200	$1,059
2020	113,751	$52,435	$172,200	$1,101
2021	118,709	$55,963	$186,100	$1,220
2022	121,513	$62,538	$226,200	$1,345
2023	125,273	$67,521	$248,000	$1,487

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.4%

5 to 1716.8%

18 to 247.1%

25 to 3412.8%

35 to 4413.0%

45 to 5411.0%

55 to 6415.1%

65 to 7410.9%

75 and over8.0%

	Count	Share
Under 5	6,722	5.4%
5 to 17	21,000	16.8%
18 to 24	8,886	7.1%
25 to 34	16,050	12.8%
35 to 44	16,326	13.0%
45 to 54	13,756	11.0%
55 to 64	18,856	15.1%
65 to 74	13,638	10.9%
75 and over	10,039	8.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	66,705	53.2%
Black or African American	21,833	17.4%
American Indian & Alaska Native	57	0.0%
Asian	2,635	2.1%
Native Hawaiian & Pacific Islander	23	0.0%
Some other race	1,303	1.0%
Two or more races	8,009	6.4%
Hispanic or Latino (any race)	24,708	19.7%

Educational attainment (age 25+)

No high school diploma9.2%

High school graduate32.6%

Some college or associate's35.6%

Bachelor's degree14.4%

Graduate or professional degree8.2%

	Count	Share
No high school diploma	8,200	9.2%
High school graduate	28,925	32.6%
Some college or associate's	31,525	35.6%
Bachelor's degree	12,756	14.4%
Graduate or professional degree	7,259	8.2%

Commute to work

Mean travel time to work: 28 min

Drove alone76.5%

Carpooled10.3%

Public transit1.0%

Walked0.6%

Bicycle0.8%

Worked from home9.4%

Other means1.6%

How workers get to work

	Count	Share
Drove alone	42,975	76.5%
Carpooled	5,762	10.3%
Public transit	539	1.0%
Walked	325	0.6%
Bicycle	427	0.8%
Worked from home	5,307	9.4%
Other means	878	1.6%

Travel time

	Count	Share
Under 15 min	8,408	16.5%
15 to 29 min	20,924	41.1%
30 to 44 min	14,181	27.9%
45 to 59 min	3,569	7.0%
60+ min	3,824	7.5%

Households

Average household size: 2.80
Poverty rate: 11.5% (14,365 of 124,411)

	Count	Share
Family households	31,049	69.9%
Nonfamily households	13,383	30.1%

Housing

Median year structure built: 1992

Occupancy

	Count	Share
Occupied	44,432	91.0%
Vacant	4,394	9.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	35,259	79.4%
Renter-occupied	9,173	20.6%

1-unit, detached83.0%

1-unit, attached2.0%

2 to 4 units3.0%

5 to 19 units5.4%

20 or more units2.9%

Mobile home & other3.7%

Units in structure

	Count	Share
1-unit, detached	40,514	83.0%
1-unit, attached	955	2.0%
2 to 4 units	1,466	3.0%
5 to 19 units	2,639	5.4%
20 or more units	1,432	2.9%
Mobile home & other	1,820	3.7%

Geography

Place GEOID: 1254000
Type (LSAD): 25
Land area: 87 sq mi
Water area: 1.48 sq mi
Center point: 27.9548, -80.6650