Palm Bay, FL (32905) is a charming suburb located in the Space Coast of Florida. The median 2 bedroom rent for this area is $1,250 which is slightly lower than the US average of $1,430. Grocery Cost Index for Palm Bay is 98 as compared to 100 in US. The town offers many amenities and local businesses that make it an ideal place to live. Major employers include Harris Corporation, GEICO Direct, Publix Super Markets and Brevard County Government. Residents can enjoy activities like camping at Turkey Creek Sanctuary or visiting the educational museum at McLarty Treasure Museum Park. Shopping options are plentiful with stores like Walmart Supercenter, Target and Home Depot all being located close by. There are also numerous restaurants ranging from fast food to fine dining in Palm Bay.
Palm Bay (zip 32905) has an unemployment rate of 4.9%. The US average is 6.0%.
Palm Bay (zip 32905) 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 (zip 32905)
- The Sales Tax Rate for Palm Bay (zip 32905) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Bay (zip 32905) 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 (zip 32905)
- The average income of a Palm Bay (zip 32905) resident is $20,327 a year. The US average is $28,555 a year.
- The Median household income of a Palm Bay (zip 32905) resident is $48,299 a year. The US average is $69,021 a year.