The Palm Bay-Melbourne-Titusville, FL Metro Area is a vibrant area filled with a variety of businesses. The cost of renting a two-bedroom apartment in the area is $1,380, which is lower than the national average of $1,430. Furthermore, it has a Grocery Cost Index of 101 compared to the US average of 100. This makes it an attractive destination for individuals and families looking to save money. The metro area is home to several notable companies including Harris Corporation, Northrop Grumman Systems Corporation, Publix Super Markets Inc., and Health First Inc. These organizations provide jobs and other services that benefit the community.
Palm Bay-Melbourne-Titusville Metro Area has an unemployment rate of 4.5%. The US average is 6.0%.
Palm Bay-Melbourne-Titusville Metro Area has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Palm Bay-Melbourne-Titusville Metro Area
- The Sales Tax Rate for Palm Bay-Melbourne-Titusville Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Bay-Melbourne-Titusville Metro Area is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Palm Bay-Melbourne-Titusville Metro Area
- The average income of a Palm Bay-Melbourne-Titusville Metro Area resident is $27,360 a year. The US average is $28,555 a year.
- The Median household income of a Palm Bay-Melbourne-Titusville Metro Area resident is $63,632 a year. The US average is $69,021 a year.