Cost of Living,
Palm Bay's Real Estate Market
Palm Bay-Melbourne-Titusville Metro Area
Profile: Beach-city complex Location: Central Atlantic coast, 50 miles east/southeast of Orlando Elevation: 31 Time zone: Eastern Standard Time
|Climate||Violent crime rate|
|Water recreation||Rising living costs|
|Cost of living ||Arts and culture|
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Palm Bay, Melbourne, and Titusville anchor a large and complex area of barrier islands, beach and coastal communities comprising what is known as the “Space Coast.” Cape Canaveral and the John F. Kennedy Space Center are located on the northernmost large barrier islands, adding considerable interest and economic benefit to the area. There are fine beaches on these islands, while the coast cities tend to carry most of the commercial, residential, and agricultural activity. Driven in part by the NASA facilities, there are a number of high tech firms in the area. The more family-oriented Palm Bay is the most populous of the three.
Melbourne is home to the 3000-student Florida Institute of Technology. This city complex is only 30 miles due east of Orlando, giving access to bigger city amenities but also staying away from the bustle of that city. As a result, the area has grown rapidly. Some arts and culture amenities are absent, but the area ranks high because of climate, recreation, and overall quality of life.
The narrow barrier islands are mainly sand and palm trees, becoming wider towards Cape Canaveral. Inland is a mix of agriculture and marshland with a few inland lakes. Climate is typical for the Florida coast. Summer temperatures, while reaching 90 or above during the late morning or early afternoon, tend to diminish in the afternoon due to sea breezes and frequent afternoon thundershowers. Winters are relatively mild. Summer is the rainy season with thunderstorms, many quite heavy.
Interesting Facts about Palm_Bay, Florida
As of 2014, Palm Bay's population is 102,814 people. Since 2000, it has had a population growth of 29.75 percent.--------------------
The median home cost in Palm Bay is $91,400. Home appreciation the last year has been 9.30 percent.--------------------
Compared to the rest of the country, Palm Bay's cost of living is 13.20% Lower than the U.S. average.--------------------
Palm Bay public schools spend $8,917 per student. The average school expenditure in the U.S. is $12,435. There are about 16.2 students per teacher in Palm Bay.--------------------
The unemployment rate in Palm Bay is 6.90 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Palm Bay jobs have Increased by 1.54 percent.
Ranked #7 Hurricane Hotspots
Ranked #21 Drought-Riskiest Cities
Ranked #50 America's Migraine Hot Spots
Ranked #62 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #64 2005 Best Places to Live
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Average Commute time is 26 minutes. The National Average is 25 minutes.--------------------
Palm Bay's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes