Zip 32953 (Merritt Island, FL) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
Merritt Island, FL (32953) is a great place to live for those looking for many employment opportunities within the local area. Located near the Kennedy Space Center, it is a hub of technological innovation and aerospace industry. As well as these more technical industries, Merritt Island also provides access to a variety of retail and hospitality jobs that are perfect for those looking to supplement their income or gain experience in customer service. Popular companies such as Publix Supermarket, Walmart, and McDonald’s offer a plethora of job opportunities in the area. Furthermore, the median 2 bedroom rent in Merritt Island is $1,310 which is lower than the US average of $1,430 while the grocery cost index is 103 versus 100 in the US making it an affordable place to live for anyone looking for work in this city.

Merritt Island (zip 32953) has an unemployment rate of 4.5%. The US average is 6.0%.

Merritt Island (zip 32953) has seen the job market decrease by -4.2% 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 Merritt Island (zip 32953)
- The Sales Tax Rate for Merritt Island (zip 32953) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Merritt Island (zip 32953) 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 Merritt Island (zip 32953)
- The average income of a Merritt Island (zip 32953) resident is $39,325 a year. The US average is $37,638 a year.
- The Median household income of a Merritt Island (zip 32953) resident is $75,188 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMerritt Island, FloridaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.