Palm BayFlorida

Palm Bay Population Demographics

According to US population projections for 2022, the estimated population of Palm Bay is 122,932. 25.26% is under 18, while 19.60% is over 65.

A closer look at the age demography reveals that 5.38% of the population was five years old or younger, 25.26% were 18 years or younger and 33.82% were aged 65 years and over. The gender split in the state was nearly even, with 49.58% female and 50.42% male.

Palm Bay Housing

According to the US Census, Palm Bay has 50,159 housing units. The average owner-occupied housing unit rate in Palm Bay was 90.00%. At the same time, the city's median value of owner-occupied homes was $228,400

Palm Bay Racial Demographics

In 2020, the US Census estimated that White Alone and Black Or African American Alone constitute 78.72% of Palm Bay's population. Residents of the city who were Some Other Race Alone, made up 5.91% of the total population.

Other racial groups include Asian Alone, constituting 1.96% of the city's population and White Black Or African American at 1.67%

How Educated is Palm Bay

According to Census estimates, in 2021, 14.9% of Palm Bay residents had a bachelor's degree, while 7.1% had a graduate or professional degree.

Overall, 22.00% of residents have a bachelor's degree or higher.

Average Income in Palm Bay

The median household income in Palm Bay is $54,746. This figure is significantly (approximately 0.00%) less than the state average of $54,746.

Estimates by family type revealed that families earned an average of $63,478 per year, while married-couple families earned an average of $69,793.

A closer examination of the income groups of Palm Bay households revealed that the largest income group consisted of households with an annual income between $50,000 and $74,999. Other groups with yearly high household incomes include those between $35,000 and $49,999 (15.1%) and those with incomes exceeding $200,000 (3.8%). 4.8% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family