2025 Compare Cities Economy:
Bay City, MI vs Palm Bay, FL

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Highlights
- Household income in Palm Bay, is 33% more than it is in Bay City and is 23% below the National Average.
- Bay City unemployment rate is 8.2%.
- Palm Bay unemployment rate is 4.9%.
 Bay City, MIPalm Bay, FLUnited States
 Unemployment Rate  Unlock4.9%6.0%
 Recent Job Growth  Unlock1.9%1.6%
 Future Job Growth16.2%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$25,141  Unlock$37,638
 Household Income  Unlock$55,963$69,021
 Family Median Income$56,482  Unlock$85,028
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 Est. Households By Income
 Bay City, MIPalm Bay, FLUnited States
 Income Less Than 15K  Unlock7.7%9.4%
 Income between 15K and 20K4.5%  Unlock3.8%
 Income between 20K and 30K  Unlock11.2%8.1%
 Income between 30K and 40K11.9%  Unlock8.0%
 Income between 40K and 50K  Unlock9.6%7.6%
 Income between 50K and 60K8.2%  Unlock7.2%
 Income between 60K and 75K  Unlock12.8%9.6%
 Income between 75K and 100K10.5%  Unlock12.8%
 Income between 100K and 150K  Unlock12.2%16.3%
 Income between 150K and 200K2.6%  Unlock7.8%
 Income greater than 200K  Unlock3.7%9.5%
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 Population By Occupation
 Bay City, MIPalm Bay, FLUnited States
 Management, business, finance9.6%  Unlock16.4%
 Engineering, computers, science  Unlock7.2%6.5%
 Community, social services1.9%  Unlock1.8%
 Legal  Unlock0.3%1.2%
 Education, library3.2%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.3%2.0%
 Healthcare practitioners and technology6.3%  Unlock6.2%
 Healthcare support  Unlock5.4%3.3%
 Firefighters, law enforcement1.4%  Unlock2.1%
 Food preparation, serving  Unlock6.8%5.4%
 Building maintenance4.2%  Unlock3.6%
 Personal care  Unlock2.0%2.6%
 Sales, office, administrative support23.2%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair7.9%  Unlock8.1%
 Production, transportation, material moving  Unlock12.5%13.1%
Reviews for Bay City    7 Reviews

Bay City offers low prices for homes due to lower population (Current lower demand). Years ago, the population was more than 3x as big due to big lumber industry, etc.  More

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But everything else is going to  More

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There are many pros to Bay City, it is incredibly cheap to live in and most everything is very affordable. The problem is that the economy is terrible and there aren't  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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