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2024 Compare Cities Economy:
Palm Bay, FL vs Cape Coral, FL

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Highlights
- Household income in Cape Coral, is 17% more than it is in Palm Bay and is 6% below the National Average.
- Palm Bay unemployment rate is 4.9%.
- Cape Coral unemployment rate is 4.6%.

Economy
 Palm Bay, FLCape Coral, FLUnited States
 Unemployment Rate4.9%4.6%6.0%
 Recent Job Growth1.9%1.9%1.6%
 Future Job Growth42.2%41.0%33.5%
 Sales Taxes7.0%6.5%6.2%
 Income Taxes0.0%0.0%4.6%
 Income per Cap.$27,695$34,586$37,638
 Household Income$55,963$65,282$69,021
 Family Median Income$63,148$74,656$85,028
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 Est. Households By Income
 Palm Bay, FLCape Coral, FLUnited States
 Income Less Than 15K7.7%7.6%9.4%
 Income between 15K and 20K4.3%2.3%3.8%
 Income between 20K and 30K11.2%8.7%8.1%
 Income between 30K and 40K10.9%8.5%8.0%
 Income between 40K and 50K9.6%9.1%7.6%
 Income between 50K and 60K11.1%9.4%7.2%
 Income between 60K and 75K12.8%11.2%9.6%
 Income between 75K and 100K13.3%15.4%12.8%
 Income between 100K and 150K12.2%17.2%16.3%
 Income between 150K and 200K3.3%5.4%7.8%
 Income greater than 200K3.7%5.2%9.5%
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 Population By Occupation
 Palm Bay, FLCape Coral, FLUnited States
 Management, business, finance11.7%13.7%16.4%
 Engineering, computers, science7.2%4.1%6.5%
 Community, social services1.1%0.8%1.8%
 Legal0.3%0.8%1.2%
 Education, library5.2%4.2%6.2%
 Arts, design, media, sports, entertainment1.3%1.6%2.0%
 Healthcare practitioners and technology6.6%6.6%6.2%
 Healthcare support5.4%2.5%3.3%
 Firefighters, law enforcement1.3%2.2%2.1%
 Food preparation, serving6.8%7.4%5.4%
 Building maintenance4.3%5.0%3.6%
 Personal care2.0%3.0%2.6%
 Sales, office, administrative support24.1%26.0%20.9%
 Farming, fishing, forestry0.0%0.1%0.6%
 Construction, extraction, maintenance/repair10.1%11.0%8.1%
 Production, transportation, material moving12.5%10.9%13.1%

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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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Reviews for Cape Coral    48 Reviews

95% of Cape Coral is a lifeless & soulless money-making area, yet the local hypocrisy goes as far as blaming every issue on the recent hurricane, which one has literally  More

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Over 6 years ago

I moved to the area from Bradenton/Sarasota area. Lived here since 2003. My youngest has been in day care all the way to a sophomore in high school now. Schools are  More

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Over 9 years ago

Growing community with lots of land.   More

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ZIPS IN PALM BAY, FLORIDA
32907 32909 32905 32908
ZIPS IN CAPE CORAL, FLORIDA
33914 33990 33904 33909 33993 33991

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