Palm Bay, Florida has an overall cost of living index of 113.7, which is 13.7 points above the US average of 100 — making it pricier than most American cities. Renters pay a median of $1,601 per month, while the typical home is valued around $283,200. Households earn a median of $72,614 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$72,614
Median Income / yr
Census ACS
$1,601
Median Rent / mo
Census ACS
$283,200
Median Home Value
Census ACS
113.7
Cost of Living Index
Studio FMR
$1,266
HUD · FY2024
1BR Fair Market Rent
$1,478
HUD · FY2024
2BR Fair Market Rent
$1,709
HUD · FY2024
3BR Fair Market Rent
$2,330
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
113.7
Goods
104.9
Rents / Housing
177.6
Services
135.5
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $175,170 |
| Registered Nurse | $132,600 |
| Elementary Teacher | $92,450 |
| Electrician | $76,110 |
| Accountant | $101,160 |
| Plumber | $70,430 |
| Nurse Practitioner | $205,670 |
| Civil Engineer | $117,750 |
| Operations Manager | $129,580 |
| Market Research Analyst | $90,620 |
| Health Services Manager | $136,930 |
| Truck Driver | $58,480 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $136,130 |
Source: BLS OEWS 2023 (metro-level data)
Population
130,132
Latest estimate
Median Age
41 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
10
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,402
Per month
Avg Home Value
$255,320
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 32901 | — | $1,209 | $222,900 |
| ZIP 32904 | — | $1,619 | $306,400 |
| ZIP 32905 | — | $1,249 | $180,700 |
| ZIP 32907 | — | $1,481 | $230,300 |
| ZIP 32908 | — | $1,681 | $228,200 |
| ZIP 32909 | — | $1,383 | $239,100 |
| ZIP 32948 | — | $864 | $153,400 |
| ZIP 32949 | — | — | $437,700 |
| ZIP 32950 | — | $1,830 | $410,200 |
| ZIP 32976 | — | $1,298 | $144,300 |
January Avg
62°F
July Avg
82°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Subtropical · Source: NOAA/NCEI 30-year normals.
Healthcare Score
30.1
poor
Hospitals
1
Doctors per 1,000
1.00
Insurance Coverage
87.2%
Palm Bay has a Regional Price Parity (RPP) index of 113.7. The US national average is 100, so Palm Bay is 13.7 points above the national average.
The median gross rent in Palm Bay is $1,601 per month according to US Census ACS data.
The median household income in Palm Bay is $72,614 per year.
The median home value in Palm Bay is $283,200 based on the latest Census ACS survey.
Air quality data for Palm Bay is not yet available.
Tax data for Florida is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
