Palm Bay, FL (32908) is a great place to live. With an average 2 bedroom rent of $1,630, it is slightly more expensive than the US average of $1,430. At the same time, the Grocery Cost Index in Palm Bay is 99 versus 100 in the US which means its overall cost of living is very affordable. Palm Bay offers numerous local businesses such as Brevard County Public Library System, Brevard Zoo, Harris Corporation, Eastern Florida State College and many others. The city also has convenient access to nearby cities and towns such as Melbourne, Cocoa Beach and Titusville for leisure activities or weekend trips. Residents can also enjoy outdoor recreation opportunities in places like McLarty Treasure Preserve Park or Turkey Creek Sanctuary. All in all Palm Bay makes a great place to call home with its plethora of local businesses and affordable cost of living.
Palm Bay (zip 32908) has an unemployment rate of 4.9%. The US average is 6.0%.
Palm Bay (zip 32908) 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 32908)
- The Sales Tax Rate for Palm Bay (zip 32908) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Bay (zip 32908) 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 32908)
- The average income of a Palm Bay (zip 32908) resident is $18,870 a year. The US average is $28,555 a year.
- The Median household income of a Palm Bay (zip 32908) resident is $56,373 a year. The US average is $69,021 a year.