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2024 Compare Cities Economy:
Lake City, FL vs Palm Bay, FL

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Highlights
- Household income in Palm Bay, is 29% more than it is in Lake City and is 23% below the National Average.
- Lake City unemployment rate is 4.9%.
- Palm Bay unemployment rate is 4.9%.

Economy
 Lake City, FLPalm Bay, FLUnited States
 Unemployment Rate4.9%4.9%6.0%
 Recent Job Growth0.2%1.9%1.6%
 Future Job Growth30.5%42.2%33.5%
 Sales Taxes7.0%7.0%6.2%
 Income Taxes0.0%0.0%4.6%
 Income per Cap.$25,568$27,695$37,638
 Household Income$43,396$55,963$69,021
 Family Median Income$59,415$63,148$85,028
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 Est. Households By Income
 Lake City, FLPalm Bay, FLUnited States
 Income Less Than 15K19.0%7.7%9.4%
 Income between 15K and 20K3.8%4.3%3.8%
 Income between 20K and 30K15.3%11.2%8.1%
 Income between 30K and 40K8.9%10.9%8.0%
 Income between 40K and 50K9.2%9.6%7.6%
 Income between 50K and 60K10.2%11.1%7.2%
 Income between 60K and 75K9.3%12.8%9.6%
 Income between 75K and 100K9.6%13.3%12.8%
 Income between 100K and 150K8.9%12.2%16.3%
 Income between 150K and 200K2.5%3.3%7.8%
 Income greater than 200K3.4%3.7%9.5%
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 Population By Occupation
 Lake City, FLPalm Bay, FLUnited States
 Management, business, finance11.2%11.7%16.4%
 Engineering, computers, science5.9%7.2%6.5%
 Community, social services1.6%1.1%1.8%
 Legal0.9%0.3%1.2%
 Education, library4.0%5.2%6.2%
 Arts, design, media, sports, entertainment0.8%1.3%2.0%
 Healthcare practitioners and technology9.1%6.6%6.2%
 Healthcare support6.1%5.4%3.3%
 Firefighters, law enforcement4.9%1.3%2.1%
 Food preparation, serving8.8%6.8%5.4%
 Building maintenance3.9%4.3%3.6%
 Personal care3.2%2.0%2.6%
 Sales, office, administrative support18.8%24.1%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair7.5%10.1%8.1%
 Production, transportation, material moving13.3%12.5%13.1%

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Reviews for Lake City    6 Reviews

I have been here 7 years and until Covid hit, I thought is was okay despite a large number of Confederate flags. Covid brought the worst in people. I have been  More

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Over 15 years ago

You can always build a place of worship or build Jewish community. The Muslims just build their place of worship here and many Christians have their churches. Why  More

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I have lived all over the country from Missouri, Pennsylvania, and have finally found my niche here in Lake City, Florida. I love it here, and with the church I  More

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Reviews for Palm Bay    27 Reviews

I moved to Palm Bay in 2020 and the cost of living has skyrocketed! A two bedroom apartment was around $900/month in 2020. Now it's $1600 and up. Mostly up. A three  More

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My family of 4 have lived here in NW Palm Bay for over 10 years. My wife and my son from another marriage lived here for over 7 before that. I myself have lived here for  More

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I lived in Palm Bay for 12 years. It's a very unfriendly and crowded place to live. It's well into the 90's from late April till right around the 10th of November. The  More

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ZIPS IN LAKE CITY, FLORIDA
32025 32024 32055
ZIPS IN PALM BAY, FLORIDA
32907 32909 32905 32908

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