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2024 Compare Cities Economy:
Richmond, VA vs Palm Bay, FL

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Highlights
- Household income in Palm Bay, is 2% more than it is in Richmond and is 23% below the National Average.
- Richmond unemployment rate is 7.1%.
- Palm Bay unemployment rate is 4.9%.

Economy
 Richmond, VAPalm Bay, FLUnited States
 Unemployment Rate7.1%4.9%6.0%
 Recent Job Growth1.8%1.9%1.6%
 Future Job Growth37.1%42.2%33.5%
 Sales Taxes5.3%7.0%6.2%
 Income Taxes5.8%0.0%4.6%
 Income per Cap.$38,132$27,695$37,638
 Household Income$54,795$55,963$69,021
 Family Median Income$72,604$63,148$85,028
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 Est. Households By Income
 Richmond, VAPalm Bay, FLUnited States
 Income Less Than 15K14.1%7.7%9.4%
 Income between 15K and 20K5.4%4.3%3.8%
 Income between 20K and 30K9.1%11.2%8.1%
 Income between 30K and 40K9.6%10.9%8.0%
 Income between 40K and 50K8.6%9.6%7.6%
 Income between 50K and 60K8.1%11.1%7.2%
 Income between 60K and 75K9.3%12.8%9.6%
 Income between 75K and 100K11.3%13.3%12.8%
 Income between 100K and 150K11.7%12.2%16.3%
 Income between 150K and 200K5.2%3.3%7.8%
 Income greater than 200K7.5%3.7%9.5%
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 Population By Occupation
 Richmond, VAPalm Bay, FLUnited States
 Management, business, finance16.7%11.7%16.4%
 Engineering, computers, science7.1%7.2%6.5%
 Community, social services2.7%1.1%1.8%
 Legal1.9%0.3%1.2%
 Education, library6.9%5.2%6.2%
 Arts, design, media, sports, entertainment3.2%1.3%2.0%
 Healthcare practitioners and technology6.1%6.6%6.2%
 Healthcare support3.2%5.4%3.3%
 Firefighters, law enforcement2.7%1.3%2.1%
 Food preparation, serving6.9%6.8%5.4%
 Building maintenance4.0%4.3%3.6%
 Personal care3.1%2.0%2.6%
 Sales, office, administrative support19.1%24.1%20.9%
 Farming, fishing, forestry0.2%0.0%0.6%
 Construction, extraction, maintenance/repair6.0%10.1%8.1%
 Production, transportation, material moving10.2%12.5%13.1%

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Reviews for Richmond    109 Reviews

Over 2 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 3 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 3 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  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 RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total
ZIPS IN PALM BAY, FLORIDA
32907 32909 32905 32908

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