Palm Bay, FL Census Data
Key demographic and economic indicators for Palm Bay, Florida from the 2023 American Community Survey (ACS) 5-year estimates.
Updated: 2026-03-23 · Source: U.S. Census Bureau, ACS 2023
Population
125,273
48.8% male · 51.2% female
Median Age
41.3
2.6 above the national average (38.7 yrs)
Median Household Income
$67,521
11,017.0 below the national average ($78,538)
Bachelor's Degree or Higher
22.6%
12.4 below the national average (35.0%)
HS diploma or higher: 90.8%
Poverty Rate
11.5%
0.9 below the national average (12.4%)
Uninsured: 12.1%
Broadband Access
95.3%
5.6 above the national average (89.7%)
Median Home Value
$248,000
Median rent: $1,487 · 79% owner-occupied
Unemployment Rate
5.9%
Labor force participation: 56.6%
Demographics
Race & Ethnicity
Age Distribution
Commute to Work
Palm Bay, FL Frequently Asked Questions
What is the population of Palm Bay, FL?
The population of Palm Bay, FL is 125,273 according to the 2023 American Community Survey 5-year estimates. The median age is 41.3 years.
What is the median household income in Palm Bay?
The median household income in Palm Bay, FL is $67,521, below the national average of $78,538. Per capita income is $35,762.
What is the poverty rate in Palm Bay?
The poverty rate in Palm Bay, FL is 11.5%, compared to the national average of 12.4%. About 12.1% of residents lack health insurance.
What percentage of Palm Bay residents have a college degree?
22.6% of adults (25+) in Palm Bay hold a bachelor's degree or higher, and 90.8% have at least a high school diploma. The national average for bachelor's degree holders is 35.0%.
What is the median home value in Palm Bay?
The median home value in Palm Bay, FL is $248,000. Median rent is $1,487 per month, with 79% of housing units owner-occupied.
What is the racial makeup of Palm Bay?
Palm Bay's population is 59.2% White, 19.3% Black, 19.7% Hispanic or Latino, and 2.1% Asian (source: 2023 ACS).