Palm Bay-Melbourne-Titusville Florida Household Income
The Census ACS 1-year survey reports that the median household income for the Palm Bay-Melbourne-Titusville Florida metro area was $65,333 in 2021, the latest figures available. Palm Bay median household income is $2,271 higher than the median Florida household income and $4,384 less than the US median household income. 2022 metro income data (including Palm Bay median household income) will be released in September of 2023. Median family and per capita income for Palm Bay-Melbourne-Titusville are shown below.
Note: 2020 data is interpolated as the ACS release for the year was incomplete due to data gathering issues related to the pandemic.
Real Median Household Income for Palm Bay Florida
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $69,717 | -1.64% | +4.32% |
| Florida | $63,062 | -1.47% | +5.38% |
| Palm Bay | $65,333 | +1.79% | +4.60% |
Trends in Palm Bay, FL Real Median Household Income since 2005
The current median household income for Palm bay is $65,333. Real median household income peaked in 2007 at $65,959 and is now $626 (0.95%) lower. From a post peak low of $54,138 in 2013, real median household income for Palm bay has now grown by $11,195 (20.68%).
Real Median Household Income: Palm Bay, Florida, National
Historical Inflation Adjusted Median Household Income for Palm Bay
| Date | US | Florida | Palm Bay |
|---|---|---|---|
| 2021 | $69,717 | $63,062 | $65,333 |
| 2020 | $70,877 | $64,000 | $64,183 |
| 2019 | $69,638 | $62,766 | $60,729 |
| 2018 | $66,828 | $59,842 | $62,459 |
| 2017 | $66,687 | $58,130 | $58,070 |
| 2016 | $65,052 | $57,423 | $57,788 |
| 2015 | $63,784 | $56,523 | $57,655 |
| 2014 | $61,468 | $54,372 | $54,881 |
| 2013 | $60,869 | $53,630 | $54,138 |
| 2012 | $60,732 | $53,247 | $54,573 |
| 2011 | $60,969 | $53,480 | $56,052 |
| 2009 | $63,573 | $56,630 | $57,459 |
| 2007 | $66,465 | $62,619 | $65,959 |
| 2005 | $64,310 | $59,013 | $60,192 |
Palm Bay Family Income
The ACS 1-year data shows the median family income for Palm Bay was $79,906 in 2021. Compared to the median Florida family income, Palm Bay median family income is $3,707 higher. As with the median household income data, 2022 family income data for Palm Bay will be released in September of 2023.
Real Median Family Income for Palm Bay Florida
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $85,806 | -1.68% | +4.09% |
| Florida | $76,199 | -1.32% | +5.41% |
| Palm Bay | $79,906 | -0.81% | -0.63% |
Trends in Palm Bay, FL Real Median Family Income since 2005
The current median family income for Palm bay is $79,906. Real median family income peaked in 2020 at $80,560 and is now $654 (0.81%) lower.
Real Median Family Income: Palm Bay, Florida, National
Historical Inflation Adjusted Median Family Income for Palm Bay
| Date | US | Florida | Palm Bay |
|---|---|---|---|
| 2021 | $85,806 | $76,199 | $79,906 |
| 2020 | $87,269 | $77,219 | $80,560 |
| 2019 | $85,780 | $75,611 | $78,448 |
| 2018 | $82,434 | $72,285 | $80,414 |
| 2017 | $81,669 | $70,740 | $72,045 |
| 2016 | $80,231 | $69,197 | $70,033 |
| 2015 | $78,061 | $67,859 | $70,284 |
| 2014 | $75,505 | $65,541 | $68,545 |
| 2013 | $74,593 | $64,975 | $66,222 |
| 2012 | $73,920 | $64,758 | $69,574 |
| 2011 | $74,192 | $65,141 | $70,482 |
| 2009 | $77,322 | $67,735 | $69,672 |
| 2007 | $80,131 | $74,621 | $79,264 |
| 2005 | $77,647 | $70,183 | $73,191 |
Palm Bay Per Capita Income
The ACS 1-year survey shows the per capita income for Palm Bay was $38,066 in 2021. Compared to the median Florida per capita income, Palm Bay median per capita income is $1,870 higher. As with the median household and median family income numbers above, 2022 per capita income data for Palm Bay will be released in September of 2023.
Real Per Capita Income for Palm Bay Florida
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $38,332 | -1.03% | +5.01% |
| Florida | $36,196 | +0.11% | +6.98% |
| Palm Bay | $38,066 | +2.83% | +13.51% |
Trends in Palm Bay, FL Real Per Capita Income since 2005
At $38,066, the per capita income for Palm bay was at a new inflation adjusted high in 2021.
Real Per Capita Income: Palm Bay, Florida, National
Historical Real Per Capita Income for Palm Bay
| Date | US | Florida | Palm Bay |
|---|---|---|---|
| 2021 | $38,332 | $36,196 | $38,066 |
| 2020 | $38,730 | $36,155 | $37,018 |
| 2019 | $37,803 | $34,852 | $34,619 |
| 2018 | $36,503 | $33,835 | $33,536 |
| 2017 | $35,807 | $32,979 | $33,705 |
| 2016 | $35,145 | $32,314 | $32,831 |
| 2015 | $34,284 | $31,674 | $32,460 |
| 2014 | $33,094 | $30,452 | $31,901 |
| 2013 | $32,833 | $30,096 | $29,841 |
| 2012 | $32,297 | $30,061 | $30,898 |
| 2011 | $32,243 | $30,067 | $31,461 |
| 2009 | $33,430 | $31,257 | $32,410 |
| 2007 | $34,959 | $34,970 | $36,886 |
| 2005 | $34,817 | $34,227 | $34,569 |
