Demographics

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Employment

Job Growth: Up 2%

Projected Annual Job Growth: 2.7%

Unemployment: 6%

Median Household Income: $46,973

Household Income Growth: 0.3%

High-Tech Employment: 1.3%

Housing

Median Home Price: $145,200

Home Price Change: Up 11.8%

Education

High School Attainment: 90.5%

College Attainment: 26.5%

Graduate Degrees: 10%

Top Colleges: Florida Institute of Technology

Quality of Life

Cost of Living: 5.4% below national average

Average Commute: 24 minutes

Crimes per 100,000 Residents: 3,561

Net Migration (2014): 2,100

Average Days Above 90 Degrees F: 54 (national average: 37)

Average Days Below 32 Degrees F: 5 (national average: 88)

 

Source: http://www.forbes.com/places/fl/palm-bay/
Data is for the metro area
Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.

 


 

Collecting market data is an essential component of any business plan. Information is available from a variety of sources, including the Internet, Chamber of Commerce and public library. The following external websites provide useful information on Palm Bay and Brevard County:

City-data.com- This website provides general data of the demographics, incomes, and living costs of Palm Bay and Brevard County.

US Census Bureau - It offers more authoritative, detailed data on population in Palm Bay

Space Coast Economic Development Commission

Workforce
Bureau of Labor Statistics - You will get informed about the situation of employment in Palm Bay.

Employ Florida - This is Florida's official online portal to virtual job-matching services and many other workforce resources.

Traffic Counts
http://spacecoasttpo.com/