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2024 Compare Cities Economy:
Medford, MA vs Palm Bay, FL

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Highlights
- Household income in Palm Bay, is 48% less than it is in Medford and is 23% below the National Average.
- Medford unemployment rate is 5.4%.
- Palm Bay unemployment rate is 4.9%.

Economy
 Medford, MAPalm Bay, FLUnited States
 Unemployment Rate5.4%4.9%6.0%
 Recent Job Growth4.3%1.9%1.6%
 Future Job Growth40.3%42.2%33.5%
 Sales Taxes6.3%7.0%6.2%
 Income Taxes5.1%0.0%4.6%
 Income per Cap.$55,098$27,695$37,638
 Household Income$107,853$55,963$69,021
 Family Median Income$132,007$63,148$85,028
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 Est. Households By Income
 Medford, MAPalm Bay, FLUnited States
 Income Less Than 15K6.4%7.7%9.4%
 Income between 15K and 20K2.3%4.3%3.8%
 Income between 20K and 30K4.5%11.2%8.1%
 Income between 30K and 40K5.5%10.9%8.0%
 Income between 40K and 50K5.1%9.6%7.6%
 Income between 50K and 60K5.0%11.1%7.2%
 Income between 60K and 75K6.7%12.8%9.6%
 Income between 75K and 100K11.0%13.3%12.8%
 Income between 100K and 150K19.8%12.2%16.3%
 Income between 150K and 200K13.8%3.3%7.8%
 Income greater than 200K20.0%3.7%9.5%
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 Population By Occupation
 Medford, MAPalm Bay, FLUnited States
 Management, business, finance20.9%11.7%16.4%
 Engineering, computers, science14.4%7.2%6.5%
 Community, social services2.3%1.1%1.8%
 Legal1.3%0.3%1.2%
 Education, library7.6%5.2%6.2%
 Arts, design, media, sports, entertainment3.0%1.3%2.0%
 Healthcare practitioners and technology6.3%6.6%6.2%
 Healthcare support3.2%5.4%3.3%
 Firefighters, law enforcement2.1%1.3%2.1%
 Food preparation, serving4.8%6.8%5.4%
 Building maintenance2.7%4.3%3.6%
 Personal care2.6%2.0%2.6%
 Sales, office, administrative support18.8%24.1%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair4.0%10.1%8.1%
 Production, transportation, material moving6.1%12.5%13.1%

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Reviews for Medford    2 Reviews

Over 10 years ago

Medford is still an affordable place to live compared to the surrounding communities of Somerville, Cambridge, Winchester, and Arlington. It has easy access to highways  More

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Over 17 years ago

Quality housing still at affordable prices. A nice bedroom community 7 miles from downtown Boston with excellent access to Cape Cod and New  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 MEDFORD, MASSACHUSETTS
02155
ZIPS IN PALM BAY, FLORIDA
32907 32909 32905 32908

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