You are here: Real Estate FSBO » Profile » Profile FL » Profile PALM BAY, FL » Economy
Find in
Neighborhood Info: Palm Bay Overview, Palm Bay Schools, Palm Bay Events, Palm Bay Economy, Palm Bay Climate, Value Trends, Cost of Living, Crime Rates
Real Estate: Florida Real Estate Database, Florida Homes For Sale, Foreclosures
Useful Services: Palm Bay Home Staging, Palm Bay Real Estate Brokers/Agents, Palm Bay Videographers, Moving Services, Home Inspectors

Palm Bay, Florida Economy Profile

Official State Website URL- http://www.myflorida.com

QuickFacts


 Palm Bay, Florida United States
StateFlorida
CityPalm Bay
Total population79,413 281,421,906
Male38,723138,053,563
Female40,690143,368,343
Median age (years)37.235.3
Total households30,336105,480,101
Median household income (dollars)36,50841,994

Palm Bay, Florida Economy

sixty-two point four percent of population 16 years and over is in the active work force in Palm Bay, Florida. Among them 29.62% are females aged 16 and over. 83.52% of Palm Bay, Florida workers 16 years and over commute to work by car, truck, or van - drive alone. 0.39% use public transportation (including taxicab). Two point zero nine percent of Palm Bay, Florida residents work at home.

The total population of Palm Bay, Florida is 79,413 people. The median household income in Palm Bay, Florida is thirty-six thousand, five hundred and eight dollars. Management, professional, and related occupations make up 29.43% of all occupations. 12.12% of Palm Bay, Florida population is involved into construction, extraction, and maintenance occupations. 27.45% of population are in sales and office occupations. Production, transportation, and material moving occupations account for 12.08% of occupations.

22.01% of families in Palm Bay, Florida have an income from $35,000 to $49,999. Zero of families are below poverty level. Palm Bay, Florida median household income is thirty-six thousand, five hundred and eight dollars. On an average, male full-time, year-round workers, receive $31,060, female full-time, year-round workers, are paid $22,203.

 Palm Bay, Florida %, Palm Bay, Florida United States
Population 16 years and over60,776  217,168,077
In labor force37,925 62.4%63.92%
- Civilian labor force37,784 62.17%63.39%
- - Employed35,906 59.08%59.73%
- - Unemployed1,878 3.09%3.66%
- - - Percent of civilian labor force5.0  5.8
- Armed Forces141 0.23%0.53%
Not in labor force22,851 37.6%36.08%
 
Females 16 years and over31,766 52.27%51.66%
In labor force18,003 29.62%29.72%
- Civilian labor force17,984 29.59%29.65%
- - Employed17,121 28.17%27.92%
 
Own children under 6 years5,724 9.42%10.05%
All parents in family in labor force3,717  12,787,501
 
COMMUTING TO WORK
Workers 16 years and over35,147  128,279,228
Car, truck, or van -- drove alone29,354 83.52%75.7%
Car, truck, or van -- carpooled4,252 12.1%12.19%
Public transportation (including taxicab)137 0.39%4.73%
Walked147 0.42%2.93%
Other means523 1.49%1.19%
Worked at home734 2.09%3.26%
Mean travel time to work (minutes)25.9 0.07%25.5
 
Employed civilian population 16 years and over35,906  129,721,512
 
OCCUPATION
Management, professional, and related occupations10,566 29.43%33.65%
Service occupations6,733 18.75%14.86%
Sales and office occupations9,857 27.45%26.69%
Farming, fishing, and forestry occupations62 0.17%0.73%
Construction, extraction, and maintenance occupations4,352 12.12%9.45%
Production, transportation, and material moving occupations4,336 12.08%14.62%
 
INDUSTRY
Agriculture, forestry, fishing and hunting, and mining159 0.44%1.87%
Construction3,114 8.67%6.78%
Manufacturing5,814 16.19%14.1%
Wholesale trade946 2.63%3.6%
Retail trade4,987 13.89%11.73%
Transportation and warehousing, and utilities1,172 3.26%5.2%
Information1,093 3.04%3.08%
Finance, insurance, real estate, and rental and leasing1,559 4.34%6.89%
Professional, scientific, management, administrative, and waste management services3,354 9.34%9.3%
Educational, health and social services7,147 19.9%19.92%
Arts, entertainment, recreation, accommodation and food services3,174 8.84%7.87%
Other services (except public administration)1,765 4.92%4.87%
Public administration1,622 4.52%4.79%
 
CLASS OF WORKER
Private wage and salary workers29,551 82.3%78.47%
Government workers4,339 12.08%14.59%
Self-employed workers in own not incorporated business1,929 5.37%6.63%
Unpaid family workers87 0.24%0.31%
 Palm Bay, Florida %, Palm Bay, Florida United States
INCOME IN 1999
Households30,397  105,539,122
Less than $10,0002,279 7.5%9.54%
$10,000 to $14,9992,161 7.11%6.31%
$15,000 to $24,9994,954 16.3%12.83%
$25,000 to $34,9994,943 16.26%12.81%
$35,000 to $49,9996,182 20.34%16.53%
$50,000 to $74,9996,187 20.35%19.46%
$75,000 to $99,9992,324 7.65%10.23%
$100,000 to $149,9991,066 3.51%7.72%
$150,000 to $199,999128 0.42%2.2%
$200,000 or more173 0.57%2.37%
Median household income (dollars)36,508  41,994
With earnings23,522 38.7%39.12%
- Mean earnings (dollars)42,461  56,604
With Social Security income9,699 15.96%12.47%
- Mean Social Security income (dollars)11,825  11,320
With Supplemental Security Income1,209 1.99%2.13%
- Mean Supplemental Security Income (dollars)6,818  6,320
With public assistance income674 1.11%1.67%
- Mean public assistance income (dollars)1,735  3,032
With retirement income6,684 11.0%8.13%
- Mean retirement income (dollars)19,465  17,376
 
Families22,003  72,261,780
Less than $10,000944 4.29%5.75%
$10,000 to $14,9991,073 4.88%4.31%
$15,000 to $24,9993,099 14.08%10.74%
$25,000 to $34,9993,543 16.1%12.02%
$35,000 to $49,9994,842 22.01%17.13%
$50,000 to $74,9995,195 23.61%22.32%
$75,000 to $99,9992,101 9.55%12.47%
$100,000 to $149,999921 4.19%9.6%
$150,000 to $199,999121 0.55%2.75%
$200,000 or more164 0.75%2.92%
Median family income (dollars)41,636  50,046
 
Per capita income (dollars)16,992  21,587
Median earnings (dollars):
Male full-time, year-round workers31,060  37,057
Female full-time, year-round workers22,203  27,194
 
POVERTY STATUS IN 1999 (below poverty level)
Families1,567  6,620,945
With related children under 18 years1,169 74.6%77.87%
- With related children under 5 years496 31.65%38.7%
 
Families with female householder, no husband present743  3,315,916
With related children under 18 years663 89.23%88.68%
- With related children under 5 years260 34.99%42.27%
 
Individuals7,471  33,899,812
18 years and over5,059 67.72%65.35%
- 65 years and over933 12.49%9.7%
Related children under 18 years2,361 31.6%33.59%
- Related children 5 to 17 years1,706 22.83%23.52%
Unrelated individuals 15 years and over2,338 31.29%31.63%
View more about Palm Bay, Florida: population  |   housing  |   education  |   economy  |   neighborhood


The data is taken from www.census.gov reports.