2025 Compare Cities Economy:
Lake Villa, IL vs Palm Bay, FL

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Highlights
- Household income in Palm Bay, is 52% less than it is in Lake Villa and is 23% below the National Average.
- Lake Villa unemployment rate is 6.4%.
- Palm Bay unemployment rate is 4.9%.
 Lake Villa, ILPalm Bay, FLUnited States
 Unemployment Rate  Unlock4.9%6.0%
 Recent Job Growth  Unlock1.9%1.6%
 Future Job Growth32.8%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$46,936  Unlock$37,638
 Household Income  Unlock$55,963$69,021
 Family Median Income$141,250  Unlock$85,028
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 Est. Households By Income
 Lake Villa, ILPalm Bay, FLUnited States
 Income Less Than 15K  Unlock7.7%9.4%
 Income between 15K and 20K2.6%  Unlock3.8%
 Income between 20K and 30K  Unlock11.2%8.1%
 Income between 30K and 40K4.0%  Unlock8.0%
 Income between 40K and 50K  Unlock9.6%7.6%
 Income between 50K and 60K8.4%  Unlock7.2%
 Income between 60K and 75K  Unlock12.8%9.6%
 Income between 75K and 100K10.1%  Unlock12.8%
 Income between 100K and 150K  Unlock12.2%16.3%
 Income between 150K and 200K14.7%  Unlock7.8%
 Income greater than 200K  Unlock3.7%9.5%
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 Population By Occupation
 Lake Villa, ILPalm Bay, FLUnited States
 Management, business, finance24.1%  Unlock16.4%
 Engineering, computers, science  Unlock7.2%6.5%
 Community, social services4.3%  Unlock1.8%
 Legal  Unlock0.3%1.2%
 Education, library5.7%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.3%2.0%
 Healthcare practitioners and technology6.7%  Unlock6.2%
 Healthcare support  Unlock5.4%3.3%
 Firefighters, law enforcement1.3%  Unlock2.1%
 Food preparation, serving  Unlock6.8%5.4%
 Building maintenance3.8%  Unlock3.6%
 Personal care  Unlock2.0%2.6%
 Sales, office, administrative support25.3%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair5.9%  Unlock8.1%
 Production, transportation, material moving  Unlock12.5%13.1%
Reviews for Lake Villa    2 Reviews

Over 7 years ago

Hidden gem....soooo nice, if you're very close to our lakes, or waterfront, THE BEST. ?? Small hamlets made up of awesome boaters, fishermen, outdoorsy-water-loving  More

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Iake villa is growing as is Lake County. It is one of the highest median income areas in the country. Houses are going up everywhere and the majority is in the $200,000  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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