Palm Bay

About Palm Bay, Florida

Palm Bay, a city located in the state of Florida (FL), is home to a population of approximately 534,348 people. Palm Bay boasts a median age of 41.8, with around 27.5% of its residents aged 60 or above. 10.9% of the population identifies as US Veterans. 16.9% of Palm Bay residents are disabled. The city has an average household income of $62,538, while the unemployment rate stands at 5.7%, and around 12.6% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Palm Bay is $224,714, with a monthly rent averaging $1,345.