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2024 Compare Cities Economy:
Ely, MN vs Palm Bay, FL

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Highlights
- Household income in Palm Bay, is 25% more than it is in Ely and is 23% below the National Average.
- Ely unemployment rate is 4.8%.
- Palm Bay unemployment rate is 4.9%.

Economy
 Ely, MNPalm Bay, FLUnited States
 Unemployment Rate4.8%4.9%6.0%
 Recent Job Growth1.6%1.9%1.6%
 Future Job Growth29.9%42.2%33.5%
 Sales Taxes7.4%7.0%6.2%
 Income Taxes7.1%0.0%4.6%
 Income per Cap.$30,129$27,695$37,638
 Household Income$44,745$55,963$69,021
 Family Median Income$83,281$63,148$85,028
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 Est. Households By Income
 Ely, MNPalm Bay, FLUnited States
 Income Less Than 15K24.6%7.7%9.4%
 Income between 15K and 20K3.9%4.3%3.8%
 Income between 20K and 30K5.8%11.2%8.1%
 Income between 30K and 40K12.2%10.9%8.0%
 Income between 40K and 50K6.5%9.6%7.6%
 Income between 50K and 60K8.2%11.1%7.2%
 Income between 60K and 75K9.2%12.8%9.6%
 Income between 75K and 100K11.3%13.3%12.8%
 Income between 100K and 150K10.8%12.2%16.3%
 Income between 150K and 200K5.1%3.3%7.8%
 Income greater than 200K2.6%3.7%9.5%
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 Population By Occupation
 Ely, MNPalm Bay, FLUnited States
 Management, business, finance15.8%11.7%16.4%
 Engineering, computers, science2.6%7.2%6.5%
 Community, social services0.8%1.1%1.8%
 Legal0.0%0.3%1.2%
 Education, library5.0%5.2%6.2%
 Arts, design, media, sports, entertainment1.1%1.3%2.0%
 Healthcare practitioners and technology4.8%6.6%6.2%
 Healthcare support1.9%5.4%3.3%
 Firefighters, law enforcement0.0%1.3%2.1%
 Food preparation, serving8.3%6.8%5.4%
 Building maintenance6.3%4.3%3.6%
 Personal care2.7%2.0%2.6%
 Sales, office, administrative support25.9%24.1%20.9%
 Farming, fishing, forestry0.9%0.0%0.6%
 Construction, extraction, maintenance/repair15.7%10.1%8.1%
 Production, transportation, material moving8.1%12.5%13.1%

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Reviews for Ely    1 Reviews

Over 18 years ago

Lots of local talent. For a small city, Ely has a very educated population that brings a variety of talents to local arts and  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 ELY, MINNESOTA
55731
ZIPS IN PALM BAY, FLORIDA
32907 32909 32905 32908

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