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2024 Compare Cities Economy:
Murphy, TX vs Palm Bay, FL

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Highlights
- Household income in Palm Bay, is 62% less than it is in Murphy and is 23% below the National Average.
- Murphy unemployment rate is 5.6%.
- Palm Bay unemployment rate is 4.9%.

Economy
 Murphy, TXPalm Bay, FLUnited States
 Unemployment Rate5.6%4.9%6.0%
 Recent Job Growth3.3%1.9%1.6%
 Future Job Growth48.6%42.2%33.5%
 Sales Taxes8.3%7.0%6.2%
 Income Taxes0.0%0.0%4.6%
 Income per Cap.$45,054$27,695$37,638
 Household Income$147,257$55,963$69,021
 Family Median Income$148,829$63,148$85,028
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 Est. Households By Income
 Murphy, TXPalm Bay, FLUnited States
 Income Less Than 15K2.7%7.7%9.4%
 Income between 15K and 20K0.0%4.3%3.8%
 Income between 20K and 30K1.9%11.2%8.1%
 Income between 30K and 40K6.4%10.9%8.0%
 Income between 40K and 50K3.8%9.6%7.6%
 Income between 50K and 60K1.8%11.1%7.2%
 Income between 60K and 75K2.9%12.8%9.6%
 Income between 75K and 100K7.8%13.3%12.8%
 Income between 100K and 150K26.5%12.2%16.3%
 Income between 150K and 200K19.0%3.3%7.8%
 Income greater than 200K27.2%3.7%9.5%
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 Population By Occupation
 Murphy, TXPalm Bay, FLUnited States
 Management, business, finance24.1%11.7%16.4%
 Engineering, computers, science15.1%7.2%6.5%
 Community, social services3.3%1.1%1.8%
 Legal1.0%0.3%1.2%
 Education, library4.9%5.2%6.2%
 Arts, design, media, sports, entertainment2.6%1.3%2.0%
 Healthcare practitioners and technology10.2%6.6%6.2%
 Healthcare support1.5%5.4%3.3%
 Firefighters, law enforcement1.4%1.3%2.1%
 Food preparation, serving2.0%6.8%5.4%
 Building maintenance0.9%4.3%3.6%
 Personal care2.1%2.0%2.6%
 Sales, office, administrative support19.5%24.1%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair5.5%10.1%8.1%
 Production, transportation, material moving5.8%12.5%13.1%

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Reviews for Murphy    2 Reviews

Over 2 years ago

Absolutely love the small town feel but at the same time the ease of in and out and access to everything I need close by. Wonderful people and amazing shopping, food,  More

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Over 17 years ago

Up and coming town next to  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 MURPHY, TEXAS
75094
ZIPS IN PALM BAY, FLORIDA
32907 32909 32905 32908

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