Palm Bay, Florida with its zip code 32909 is a great place to live in for those looking for an affordable cost of living. The average rental for a two-bedroom apartment here is $1,360 compared to the US average of $1,430 meaning that it costs less to rent here. Grocery Cost Index is also much lower at 99 than the US average of 100. Palm Bay offers many local attractions including Kiwanis Park, Andretti Thrill Park and Brevard Zoo. It also harbours several local companies such as Tyco Electronics, Harris Corporation and CheckPoint Systems. There's plenty to do here and a good cost of living making Palm Bay an attractive area for people who want to stay close to nature while having access to amenities.
Palm Bay (zip 32909) has an unemployment rate of 4.9%. The US average is 6.0%.
Palm Bay (zip 32909) 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 Palm Bay (zip 32909)
- The Sales Tax Rate for Palm Bay (zip 32909) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Bay (zip 32909) 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 32909)
- The average income of a Palm Bay (zip 32909) resident is $33,852 a year. The US average is $37,638 a year.
- The Median household income of a Palm Bay (zip 32909) resident is $56,811 a year. The US average is $69,021 a year.