The median household income in Palm Bay, FL in 2022 was $71,645, which was 3.3% greater than the median annual income of $69,303 across the entire state of Florida. Compared to the median income of $36,508 in 2000 this represents an increase of 49.0%. The per capita income in 2022 was $31,292, which means an increase of 45.7% compared to 2000 when it was $16,992.
Whole page based on the data from 2000 / 2022 when the population of Palm Bay, Florida was 79,413 / 129,246
Income statistics for all residents
Median household income in Palm Bay, FL in 2022:
Palm Bay:
$71,645
State:
$69,303
Change in median household income between 2000 and 2022:
Palm Bay, Florida:
+96.2%
State:
+78.5%
Number of households with income < $10k:
Palm Bay:
2.5% (1,093)
State:
5.6% (495,572)
Number of households with income $10k - 20k:
Palm Bay:
4.0% (1,795)
State:
6.9% (612,816)
Number of households with income $20k - 30k:
Palm Bay:
5.8% (2,553)
State:
7.7% (679,608)
Number of households with income $30k - 40k:
Palm Bay:
9.3% (4,113)
State:
8.0% (710,126)
Number of households with income $40k - 50k:
Palm Bay:
11.7% (5,181)
State:
7.8% (687,940)
Number of households with income $50k - 60k:
Palm Bay:
8.1% (3,572)
State:
7.6% (675,076)
Number of households with income $60k - 75k:
Palm Bay:
11.5% (5,079)
State:
9.7% (858,354)
Number of households with income $75k - 100k:
Palm Bay:
14.8% (6,541)
State:
13.4% (1,181,540)
Number of households with income $100k - 125k:
Palm Bay:
12.3% (5,451)
State:
9.6% (851,620)
Number of households with income $125k - 150k:
Palm Bay:
9.1% (4,044)
State:
6.4% (560,854)
Number of households with income $150k - 200k:
Palm Bay:
8.1% (3,572)
State:
7.7% (677,227)
Number of households with income > $200k:
Palm Bay:
3.0% (1,344)
State:
9.5% (835,661)
Aggregate household income in Palm Bay in 2022: $3,795,204,500
Median family income in Palm Bay in 2022:
Palm Bay:
$72,355
State:
$83,410
Number of families with income < $10k:
Palm Bay:
1.8% (567)
State:
3.5% (196,709)
Number of families with income $10k - 20k:
Palm Bay:
2.5% (812)
State:
3.9% (220,255)
Number of families with income $20k - 30k:
Palm Bay:
5.2% (1,671)
State:
5.8% (332,003)
Number of families with income $30k - 40k:
Palm Bay:
8.5% (2,726)
State:
6.9% (391,565)
Number of families with income $40k - 50k:
Palm Bay:
13.2% (4,224)
Florida:
7.2% (407,691)
Number of families with income $50k - 60k:
Palm Bay:
8.9% (2,831)
State:
7.3% (415,240)
Number of families with income $60k - 75k:
Palm Bay:
12.5% (3,981)
State:
10.2% (580,095)
Number of families with income $75k - 100k:
Palm Bay:
13.7% (4,388)
Florida:
14.6% (830,079)
Number of families with income $100k - 125k:
Palm Bay:
14.5% (4,642)
Florida:
11.3% (640,676)
Number of families with income $125k - 150k:
Palm Bay:
8.7% (2,768)
State:
7.8% (442,580)
Number of families with income $150k - 200k:
Palm Bay:
6.8% (2,166)
Florida:
9.4% (536,171)
Number of families with income > $200k:
Palm Bay:
3.7% (1,179)
State:
12.2% (691,335)
Median non-family income in Palm Bay in 2022:
Palm Bay:
$51,700
Florida:
$43,665
Change in median non-family income between 2000 and 2022:
Palm Bay, Florida:
+128.2%
State:
+76.1%
Median per capita income in Palm Bay in 2022:
Palm Bay:
$31,292
Florida:
$40,278
Change in median per capita income between 2000 and 2022:
Palm Bay, Florida:
+84.2%
State:
+86.8%
Income statistics for White residents
Median household income in Palm Bay, FL in 2022:
Palm Bay:
$73,012
Florida:
$74,559
Change in median household income between 2000 and 2022:
Palm Bay, Florida:
+91.6%
State:
+82.7%
Number of households with income < $10k:
Palm Bay:
2.7% (785)
State:
4.9% (270,741)
Number of households with income $10k - 20k:
Palm Bay:
2.4% (697)
State:
6.1% (337,688)
Number of households with income $20k - 30k:
Palm Bay:
4.9% (1,412)
State:
7.2% (395,954)
Number of households with income $30k - 40k:
Palm Bay:
8.7% (2,495)
State:
7.5% (411,553)
Number of households with income $40k - 50k:
Palm Bay:
13.1% (3,772)
State:
7.5% (410,613)
Number of households with income $50k - 60k:
Palm Bay:
5.3% (1,525)
State:
7.6% (416,709)
Number of households with income $60k - 75k:
Palm Bay:
15.2% (4,371)
Florida:
9.5% (523,639)
Number of households with income $75k - 100k:
Palm Bay:
15.4% (4,426)
Florida:
13.3% (732,030)
Number of households with income $100k - 125k:
Palm Bay:
13.3% (3,826)
Florida:
10.2% (559,463)
Number of households with income $125k - 150k:
Palm Bay:
9.2% (2,631)
State:
6.9% (379,323)
Number of households with income $150k - 200k:
Palm Bay:
6.9% (1,990)
State:
8.3% (456,076)
Number of households with income > $200k:
Palm Bay:
2.6% (759)
State:
11.1% (610,258)
Aggregate household income in Palm Bay in 2022: $2,380,225,700
Median family income in Palm Bay in 2022:
Palm Bay:
$72,767
State:
$93,222
Number of families with income < $10k:
Palm Bay:
1.6% (341)
Florida:
2.6% (89,721)
Number of families with income $10k - 20k:
Palm Bay:
1.6% (328)
State:
3.0% (101,720)
Number of families with income $20k - 30k:
Palm Bay:
5.7% (1,207)
Florida:
4.5% (154,795)
Number of families with income $30k - 40k:
Palm Bay:
8.8% (1,855)
State:
5.7% (194,218)
Number of families with income $40k - 50k:
Palm Bay:
12.9% (2,715)
Florida:
6.4% (219,550)
Number of families with income $50k - 60k:
Palm Bay:
5.1% (1,080)
State:
7.0% (238,045)
Number of families with income $60k - 75k:
Palm Bay:
17.6% (3,708)
State:
9.6% (328,141)
Number of families with income $75k - 100k:
Palm Bay:
14.0% (2,948)
Florida:
14.8% (503,988)
Number of families with income $100k - 125k:
Palm Bay:
15.2% (3,205)
State:
12.0% (409,184)
Number of families with income $125k - 150k:
Palm Bay:
9.3% (1,953)
State:
8.8% (298,895)
Number of families with income $150k - 200k:
Palm Bay:
4.8% (1,000)
State:
10.6% (359,290)
Number of families with income > $200k:
Palm Bay:
3.3% (690)
State:
14.9% (507,279)
Median non-family income in Palm Bay in 2022:
Palm Bay:
$54,748
State:
$46,674
Change in median non-family income between 2000 and 2022:
Palm Bay, Florida:
+127.4%
State:
+81.2%
Median per capita income in Palm Bay in 2022:
Palm Bay:
$32,706
Florida:
$48,094
Change in median per capita income between 2000 and 2022:
Palm Bay, Florida:
+82.1%
Florida:
+101.1%
Income statistics for Black or African American residents
Median household income in Palm Bay, FL in 2022:
Palm Bay:
$54,437
State:
$52,796
Change in median household income between 2000 and 2022:
Palm Bay, Florida:
+96.7%
Florida:
+88.3%
Number of households with income < $10k:
Palm Bay:
5.5% (413)
Florida:
8.6% (101,054)
Number of households with income $10k - 20k:
Palm Bay:
6.9% (522)
State:
9.3% (110,079)
Number of households with income $20k - 30k:
Palm Bay:
11.7% (885)
State:
10.4% (122,525)
Number of households with income $30k - 40k:
Palm Bay:
9.7% (729)
State:
10.6% (124,619)
Number of households with income $40k - 50k:
Palm Bay:
7.2% (540)
Florida:
8.7% (102,300)
Number of households with income $50k - 60k:
Palm Bay:
13.8% (1,043)
State:
8.1% (95,745)
Number of households with income $60k - 75k:
Palm Bay:
9.3% (703)
Florida:
10.1% (118,757)
Number of households with income $75k - 100k:
Palm Bay:
12.1% (910)
Florida:
12.3% (144,919)
Number of households with income $100k - 125k:
Palm Bay:
8.3% (624)
Florida:
8.1% (95,395)
Number of households with income $125k - 150k:
Palm Bay:
8.0% (604)
Florida:
4.5% (53,276)
Number of households with income $150k - 200k:
Palm Bay:
3.8% (283)
State:
5.4% (63,827)
Number of households with income > $200k:
Palm Bay:
3.8% (285)
State:
3.9% (45,695)
Aggregate household income in Palm Bay in 2022: $527,916,300
Median family income in Palm Bay in 2022:
Palm Bay:
$54,462
Florida:
$62,875
Number of families with income < $10k:
Palm Bay:
1.3% (63)
State:
6.1% (46,041)
Number of families with income $10k - 20k:
Palm Bay:
4.8% (241)
State:
6.1% (45,591)
Number of families with income $20k - 30k:
Palm Bay:
3.9% (197)
State:
9.2% (69,363)
Number of families with income $30k - 40k:
Palm Bay:
6.5% (326)
Florida:
10.1% (75,779)
Number of families with income $40k - 50k:
Palm Bay:
14.8% (740)
State:
8.4% (63,129)
Number of families with income $50k - 60k:
Palm Bay:
16.8% (835)
Florida:
7.6% (56,971)
Number of families with income $60k - 75k:
Palm Bay:
8.0% (399)
State:
11.5% (86,172)
Number of families with income $75k - 100k:
Palm Bay:
11.9% (592)
State:
13.7% (102,895)
Number of families with income $100k - 125k:
Palm Bay:
12.1% (606)
State:
10.0% (74,750)
Number of families with income $125k - 150k:
Palm Bay:
13.8% (690)
Florida:
5.6% (42,384)
Number of families with income $150k - 200k:
Palm Bay:
3.6% (181)
State:
6.9% (51,824)
Number of families with income > $200k:
Palm Bay:
2.3% (116)
Florida:
4.8% (36,292)
Median non-family income in Palm Bay in 2022:
Palm Bay:
$32,493
Florida:
$34,782
Change in median non-family income between 2000 and 2022:
Palm Bay, Florida:
+99.1%
State:
+98.9%
Median per capita income in Palm Bay in 2022:
Palm Bay:
$30,692
State:
$26,700
Change in median per capita income between 2000 and 2022:
Palm Bay, Florida:
+132.1%
State:
+112.2%
Income statistics for Asian residents
Median household income in Palm Bay, FL in 2022:
Palm Bay:
$97,787
State:
$89,645
Number of households with income < $10k:
Palm Bay:
4.8% (36)
Florida:
4.8% (10,378)
Number of households with income $10k - 20k:
Palm Bay:
1.6% (12)
State:
5.7% (12,222)
Number of households with income $20k - 30k:
Palm Bay:
4.9% (37)
State:
5.9% (12,739)
Number of households with income $30k - 40k:
Palm Bay:
8.3% (62)
Florida:
5.9% (12,759)
Number of households with income $40k - 50k:
Palm Bay:
9.9% (74)
State:
5.6% (12,009)
Number of households with income $50k - 60k:
Palm Bay:
19.1% (143)
State:
6.5% (14,158)
Number of households with income $60k - 75k:
Palm Bay:
1.9% (14)
State:
7.7% (16,568)
Number of households with income $75k - 100k:
Palm Bay:
33.1% (248)
State:
12.6% (27,273)
Number of households with income $100k - 125k:
Palm Bay:
3.6% (27)
Florida:
10.1% (21,821)
Number of households with income $125k - 150k:
Palm Bay:
0.5% (4)
State:
8.2% (17,650)
Number of households with income $150k - 200k:
Palm Bay:
3.7% (28)
State:
11.2% (24,296)
Number of households with income > $200k:
Palm Bay:
8.7% (65)
State:
15.9% (34,363)
Aggregate household income in Palm Bay in 2022: $160,460,800
Median family income in Palm Bay in 2022:
Palm Bay:
$93,872
Florida:
$101,833
Number of families with income < $10k:
Palm Bay:
4.5% (21)
State:
2.3% (3,640)
Number of families with income $10k - 20k:
Palm Bay:
2.0% (9)
State:
3.7% (5,761)
Number of families with income $20k - 30k:
Palm Bay:
10.8% (50)
State:
4.6% (7,266)
Number of families with income $30k - 40k:
Palm Bay:
14.3% (66)
State:
6.1% (9,493)
Number of families with income $40k - 50k:
Palm Bay:
17.2% (79)
State:
4.6% (7,273)
Number of families with income $50k - 60k:
Palm Bay:
9.9% (46)
Florida:
6.6% (10,375)
Number of families with income $60k - 75k:
Palm Bay:
3.3% (15)
State:
8.1% (12,670)
Number of families with income $75k - 100k:
Palm Bay:
19.6% (91)
State:
12.6% (19,764)
Number of families with income $100k - 125k:
Palm Bay:
5.6% (26)
State:
10.6% (16,619)
Number of families with income $125k - 150k:
Palm Bay:
1.0% (4)
State:
9.2% (14,478)
Number of families with income $150k - 200k:
Palm Bay:
6.3% (29)
State:
13.0% (20,414)
Number of families with income > $200k:
Palm Bay:
5.6% (26)
State:
18.4% (28,899)
Median per capita income in Palm Bay in 2022:
Palm Bay:
$49,135
Florida:
$46,365
Income statistics for Hispanic or Latino residents
Median household income in Palm Bay, FL in 2022:
Palm Bay:
$78,011
Florida:
$64,482
Change in median household income between 2000 and 2022:
Palm Bay, Florida:
+118.0%
State:
+87.8%
Number of households with income < $10k:
Palm Bay:
2.1% (140)
State:
5.9% (120,841)
Number of households with income $10k - 20k:
Palm Bay:
6.3% (429)
Florida:
7.8% (158,824)
Number of households with income $20k - 30k:
Palm Bay:
8.4% (569)
State:
7.8% (158,797)
Number of households with income $30k - 40k:
Palm Bay:
9.7% (659)
State:
8.4% (171,736)
Number of households with income $40k - 50k:
Palm Bay:
8.6% (586)
State:
8.5% (174,397)
Number of households with income $50k - 60k:
Palm Bay:
9.3% (630)
Florida:
7.9% (160,816)
Number of households with income $60k - 75k:
Palm Bay:
17.6% (1,191)
State:
10.6% (215,567)
Number of households with income $75k - 100k:
Palm Bay:
9.3% (632)
State:
14.1% (288,590)
Number of households with income $100k - 125k:
Palm Bay:
13.2% (892)
State:
9.4% (192,146)
Number of households with income $125k - 150k:
Palm Bay:
7.1% (482)
State:
5.7% (115,883)
Number of households with income $150k - 200k:
Palm Bay:
6.9% (471)
State:
6.8% (139,384)
Number of households with income > $200k:
Palm Bay:
1.4% (96)
State:
7.0% (143,116)
Aggregate household income in Palm Bay in 2022: $729,438,100
Median family income in Palm Bay in 2022:
Palm Bay:
$77,609
State:
$70,631
Number of families with income < $10k:
Palm Bay:
1.3% (70)
State:
4.3% (62,648)
Number of families with income $10k - 20k:
Palm Bay:
5.2% (272)
Florida:
4.8% (70,980)
Number of families with income $20k - 30k:
Palm Bay:
19.1% (999)
Florida:
7.7% (112,768)
Number of families with income $30k - 40k:
Palm Bay:
4.1% (213)
State:
8.3% (121,408)
Number of families with income $40k - 50k:
Palm Bay:
8.8% (459)
State:
8.6% (127,058)
Number of families with income $50k - 60k:
Palm Bay:
10.9% (569)
State:
8.2% (121,066)
Number of families with income $60k - 75k:
Palm Bay:
11.7% (610)
State:
11.3% (165,746)
Number of families with income $75k - 100k:
Palm Bay:
12.1% (634)
Florida:
14.5% (213,504)
Number of families with income $100k - 125k:
Palm Bay:
13.6% (714)
Florida:
10.3% (151,829)
Number of families with income $125k - 150k:
Palm Bay:
5.5% (288)
State:
6.4% (93,499)
Number of families with income $150k - 200k:
Palm Bay:
6.6% (347)
State:
7.5% (109,536)
Number of families with income > $200k:
Palm Bay:
1.1% (58)
State:
8.1% (118,912)
Median non-family income in Palm Bay in 2022:
Palm Bay:
$75,685
Florida:
$40,313
Median per capita income in Palm Bay in 2022:
Palm Bay:
$26,135
Florida:
$30,491
Change in median per capita income between 2000 and 2022:
Palm Bay, Florida:
+104.8%
State:
+100.6%
Income statistics for American Indian and Alaska Native residents
Number of households with income < $10k:
Palm Bay:
0.0% (0)
State:
5.8% (1,524)
Number of households with income $10k - 20k:
Palm Bay:
0.0% (0)
Florida:
5.2% (1,374)
Number of households with income $20k - 30k:
Palm Bay:
58.3% (35)
State:
9.5% (2,512)
Number of households with income $30k - 40k:
Palm Bay:
16.7% (10)
Florida:
5.4% (1,420)
Number of households with income $40k - 50k:
Palm Bay:
0.0% (0)
State:
10.0% (2,632)
Number of households with income $50k - 60k:
Palm Bay:
0.0% (0)
Florida:
5.5% (1,437)
Number of households with income $60k - 75k:
Palm Bay:
0.0% (0)
State:
13.9% (3,664)
Number of households with income $75k - 100k:
Palm Bay:
25.0% (15)
State:
16.0% (4,217)
Number of households with income $100k - 125k:
Palm Bay:
0.0% (0)
Florida:
9.4% (2,483)
Number of households with income $125k - 150k:
Palm Bay:
0.0% (0)
State:
4.6% (1,204)
Number of households with income $150k - 200k:
Palm Bay:
0.0% (0)
State:
8.7% (2,294)
Number of households with income > $200k:
Palm Bay:
0.0% (0)
State:
6.1% (1,604)
Aggregate household income in Palm Bay in 2022: $2,860,839
Median per capita income in Palm Bay in 2022:
Palm Bay:
$13,681
State:
$25,874
Change in median per capita income between 2000 and 2022:
Palm Bay, Florida:
+3.8%
Florida:
+55.9%
Income statistics for Multirace residents
Median household income in Palm Bay, FL in 2022:
Palm Bay:
$80,867
State:
$66,563
Number of households with income < $10k:
Palm Bay:
2.9% (133)
Florida:
5.8% (83,509)
Number of households with income $10k - 20k:
Palm Bay:
4.5% (209)
State:
8.3% (119,018)
Number of households with income $20k - 30k:
Palm Bay:
11.9% (549)
State:
7.6% (108,964)
Number of households with income $30k - 40k:
Palm Bay:
4.6% (212)
State:
7.8% (112,273)
Number of households with income $40k - 50k:
Palm Bay:
3.9% (181)
State:
8.1% (116,736)
Number of households with income $50k - 60k:
Palm Bay:
9.9% (455)
Florida:
7.5% (108,182)
Number of households with income $60k - 75k:
Palm Bay:
10.8% (497)
State:
10.0% (142,830)
Number of households with income $75k - 100k:
Palm Bay:
16.4% (754)
State:
14.3% (205,066)
Number of households with income $100k - 125k:
Palm Bay:
10.0% (458)
State:
9.1% (130,357)
Number of households with income $125k - 150k:
Palm Bay:
3.8% (174)
Florida:
5.8% (83,865)
Number of households with income $150k - 200k:
Palm Bay:
9.5% (435)
State:
7.2% (103,107)
Number of households with income > $200k:
Palm Bay:
11.7% (539)
Florida:
8.4% (120,637)
Aggregate household income in Palm Bay in 2022: $539,705,600
Median family income in Palm Bay in 2022:
Palm Bay:
$97,802
State:
$74,522
Number of families with income < $10k:
Palm Bay:
3.5% (121)
State:
3.9% (38,985)
Number of families with income $10k - 20k:
Palm Bay:
0.7% (25)
Florida:
4.8% (48,964)
Number of families with income $20k - 30k:
Palm Bay:
7.3% (249)
State:
7.2% (73,049)
Number of families with income $30k - 40k:
Palm Bay:
3.8% (130)
State:
7.5% (76,278)
Number of families with income $40k - 50k:
Palm Bay:
3.4% (116)
State:
8.2% (83,077)
Number of families with income $50k - 60k:
Palm Bay:
11.5% (395)
State:
7.8% (78,864)
Number of families with income $60k - 75k:
Palm Bay:
9.9% (338)
State:
10.8% (109,110)
Number of families with income $75k - 100k:
Palm Bay:
23.7% (811)
State:
15.0% (151,268)
Number of families with income $100k - 125k:
Palm Bay:
12.3% (421)
Florida:
10.2% (103,154)
Number of families with income $125k - 150k:
Palm Bay:
1.2% (40)
Florida:
6.5% (65,923)
Number of families with income $150k - 200k:
Palm Bay:
10.2% (348)
State:
8.1% (82,321)
Number of families with income > $200k:
Palm Bay:
12.7% (434)
Florida:
9.9% (99,830)
Median non-family income in Palm Bay in 2022:
Palm Bay:
$75,697
Florida:
$40,061
Median per capita income in Palm Bay in 2022:
Palm Bay:
$25,358
Florida:
$31,893
Change in median per capita income between 2000 and 2022:
Palm Bay, Florida:
+112.9%
State:
+136.0%
Income statistics for other residents
Median household income in Palm Bay, FL in 2022:
Palm Bay:
$57,690
Florida:
$61,316
Number of households with income < $10k:
Palm Bay:
3.6% (63)
State:
6.1% (28,059)
Number of households with income $10k - 20k:
Palm Bay:
7.5% (133)
Florida:
7.0% (32,348)
Number of households with income $20k - 30k:
Palm Bay:
10.4% (184)
Florida:
8.0% (36,819)
Number of households with income $30k - 40k:
Palm Bay:
3.2% (56)
State:
10.2% (47,209)
Number of households with income $40k - 50k:
Palm Bay:
29.0% (513)
Florida:
9.3% (43,006)
Number of households with income $50k - 60k:
Palm Bay:
1.5% (27)
State:
8.2% (38,018)
Number of households with income $60k - 75k:
Palm Bay:
16.3% (289)
State:
11.4% (52,577)
Number of households with income $75k - 100k:
Palm Bay:
5.5% (97)
State:
14.6% (67,588)
Number of households with income $100k - 125k:
Palm Bay:
10.1% (179)
Florida:
9.0% (41,737)
Number of households with income $125k - 150k:
Palm Bay:
8.0% (142)
State:
5.4% (24,841)
Number of households with income $150k - 200k:
Palm Bay:
4.9% (87)
State:
5.9% (27,334)
Number of households with income > $200k:
Palm Bay:
0.0% (0)
State:
5.0% (22,928)
Aggregate household income in Palm Bay in 2022: $172,824,900
Median family income in Palm Bay in 2022:
Palm Bay:
$62,308
State:
$63,742
Number of families with income < $10k:
Palm Bay:
4.4% (68)
State:
5.2% (17,633)
Number of families with income $10k - 20k:
Palm Bay:
5.9% (91)
Florida:
5.1% (17,426)
Number of families with income $20k - 30k:
Palm Bay:
10.2% (157)
State:
7.7% (26,250)
Number of families with income $30k - 40k:
Palm Bay:
4.3% (67)
Florida:
10.2% (34,439)
Number of families with income $40k - 50k:
Palm Bay:
26.9% (415)
Florida:
9.5% (32,195)
Number of families with income $50k - 60k:
Palm Bay:
3.9% (61)
State:
8.6% (29,110)
Number of families with income $60k - 75k:
Palm Bay:
12.2% (189)
Florida:
12.2% (41,408)
Number of families with income $75k - 100k:
Palm Bay:
13.4% (208)
State:
14.5% (49,136)
Number of families with income $100k - 125k:
Palm Bay:
9.0% (139)
State:
10.2% (34,390)
Number of families with income $125k - 150k:
Palm Bay:
4.2% (66)
State:
5.7% (19,265)
Number of families with income $150k - 200k:
Palm Bay:
5.5% (84)
Florida:
5.9% (20,086)
Median per capita income in Palm Bay in 2022:
Palm Bay:
$28,067
Florida:
$27,276
Change in median per capita income between 2000 and 2022:
Palm Bay, Florida:
+128.7%
State:
+138.6%
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