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2024 Compare Cities Economy:
Palm Bay, FL vs Memphis, TN

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Highlights
- Household income in Memphis, is 21% less than it is in Palm Bay and is 57% below the National Average.
- Palm Bay unemployment rate is 4.9%.
- Memphis unemployment rate is 8.0%.

Economy
 Palm Bay, FLMemphis, TNUnited States
 Unemployment Rate4.9%8.0%6.0%
 Recent Job Growth1.9%2.1%1.6%
 Future Job Growth42.2%36.6%33.5%
 Sales Taxes7.0%9.3%6.2%
 Income Taxes0.0%0.0%4.6%
 Income per Cap.$27,695$28,258$37,638
 Household Income$55,963$43,981$69,021
 Family Median Income$63,148$54,745$85,028
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 Est. Households By Income
 Palm Bay, FLMemphis, TNUnited States
 Income Less Than 15K7.7%17.7%9.4%
 Income between 15K and 20K4.3%5.3%3.8%
 Income between 20K and 30K11.2%12.0%8.1%
 Income between 30K and 40K10.9%10.9%8.0%
 Income between 40K and 50K9.6%9.2%7.6%
 Income between 50K and 60K11.1%8.1%7.2%
 Income between 60K and 75K12.8%9.2%9.6%
 Income between 75K and 100K13.3%9.6%12.8%
 Income between 100K and 150K12.2%9.6%16.3%
 Income between 150K and 200K3.3%3.6%7.8%
 Income greater than 200K3.7%4.7%9.5%
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 Population By Occupation
 Palm Bay, FLMemphis, TNUnited States
 Management, business, finance11.7%12.5%16.4%
 Engineering, computers, science7.2%3.7%6.5%
 Community, social services1.1%1.8%1.8%
 Legal0.3%0.9%1.2%
 Education, library5.2%5.5%6.2%
 Arts, design, media, sports, entertainment1.3%1.5%2.0%
 Healthcare practitioners and technology6.6%5.7%6.2%
 Healthcare support5.4%3.4%3.3%
 Firefighters, law enforcement1.3%2.8%2.1%
 Food preparation, serving6.8%6.1%5.4%
 Building maintenance4.3%4.5%3.6%
 Personal care2.0%2.4%2.6%
 Sales, office, administrative support24.1%21.9%20.9%
 Farming, fishing, forestry0.0%0.2%0.6%
 Construction, extraction, maintenance/repair10.1%6.4%8.1%
 Production, transportation, material moving12.5%20.7%13.1%

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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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Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 4 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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ZIPS IN PALM BAY, FLORIDA
32907 32909 32905 32908
ZIPS IN MEMPHIS, TENNESSEE
38016, 38128, 38127, 38134, 38109, 38111, 38115, 38116, 38118, 38018, 30 total

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