Department of Numbers

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 $57,888 in 2018, the latest figures available. Palm Bay median household income is $2,426 higher than the median Florida household income and $4,049 less than the US median household income. 2019 metro income data (including Palm Bay median household income) will be released in September of 2020. Median family and per capita income for Palm Bay-Melbourne-Titusville are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Palm Bay Florida

2018 1 Year Change 3 Year Change
US $61,937 +0.21% +4.77%
Florida $55,462 +2.94% +5.87%
Palm Bay $57,888 +7.56% +8.33%

Trends in Palm Bay, FL Real Median Household Income since 2005

The current median household income for Palm bay is $57,888. Real median household income peaked in 2007 at $61,132 and is now $3,244 (5.31%) lower. From a post peak low of $50,176 in 2013, real median household income for Palm bay has now grown by $7,712 (15.37%).

Real Median Household Income: Palm Bay, Florida, National

Historical Inflation Adjusted Median Household Income for Palm Bay

Date US Florida Palm Bay
2018 $61,937 $55,462 $57,888
2017 $61,807 $53,876 $53,821
2016 $60,291 $53,220 $53,559
2015 $59,116 $52,386 $53,436
2014 $56,969 $50,393 $50,864
2013 $56,415 $49,705 $50,176
2012 $56,288 $49,351 $50,580
2011 $56,507 $49,567 $51,950
2010 $57,762 $51,256 $53,394
2009 $58,921 $52,486 $53,254
2008 $60,829 $55,859 $57,768
2007 $61,601 $58,036 $61,132

Palm Bay Family Income

The ACS 1-year data shows the median family income for Palm Bay was $74,529 in 2018. Compared to the median Florida family income, Palm Bay median family income is $7,534 higher. As with the median household income data, 2019 family income data for Palm Bay will be released in September of 2020.

Show dollars as: Nominal Real

Real Median Family Income for Palm Bay Florida

2018 1 Year Change 3 Year Change
US $76,401 +0.94% +5.60%
Florida $66,995 +2.18% +6.52%
Palm Bay $74,529 +11.62% +14.41%

Trends in Palm Bay, FL Real Median Family Income since 2005

At $74,529, the median family income for Palm bay was at a new inflation adjusted high in 2018.

Real Median Family Income: Palm Bay, Florida, National

Historical Inflation Adjusted Median Family Income for Palm Bay

Date US Florida Palm Bay
2018 $76,401 $66,995 $74,529
2017 $75,692 $65,563 $66,773
2016 $74,360 $64,133 $64,908
2015 $72,348 $62,893 $65,140
2014 $69,978 $60,743 $63,528
2013 $69,134 $60,220 $61,376
2012 $68,512 $60,020 $64,484
2011 $68,763 $60,374 $65,324
2010 $69,953 $61,278 $67,117
2009 $71,663 $62,779 $64,574
2008 $74,083 $67,173 $71,013
2007 $74,267 $69,159 $73,463

Palm Bay Per Capita Income

The ACS 1-year survey shows the per capita income for Palm Bay was $31,082 in 2018. Compared to the median Florida per capita income, Palm Bay median per capita income is $277 lower. As with the median household and median family income numbers above, 2019 per capita income data for Palm Bay will be released in September of 2020.

Show dollars as: Nominal Real

Real Per Capita Income for Palm Bay Florida

2018 1 Year Change 3 Year Change
US $33,831 +1.94% +6.47%
Florida $31,359 +2.60% +6.82%
Palm Bay $31,082 -0.50% +3.32%

Trends in Palm Bay, FL Real Per Capita Income since 2005

The current per capita income for Palm bay is $31,082. Real per capita income peaked in 2007 at $34,186 and is now $3,104 (9.08%) lower. From a post peak low of $27,657 in 2013, real per capita income for Palm bay has now grown by $3,425 (12.38%).

Real Per Capita Income: Palm Bay, Florida, National

Historical Real Per Capita Income for Palm Bay

Date US Florida Palm Bay
2018 $33,831 $31,359 $31,082
2017 $33,187 $30,565 $31,238
2016 $32,573 $29,949 $30,429
2015 $31,775 $29,356 $30,084
2014 $30,672 $28,223 $29,566
2013 $30,431 $27,893 $27,657
2012 $29,934 $27,862 $28,638
2011 $29,884 $27,866 $29,159
2010 $30,077 $28,014 $30,034
2009 $30,984 $28,969 $30,038
2008 $32,255 $31,209 $31,142
2007 $32,400 $32,410 $34,186