Median Age
42 Years
Largest Age Group
60-69 Years
Approximately 13% of Residents
Under 20
23%
Over 65
21%
Avg Rent
$1,479
Population
131,587
Renter Mix
25% Rent
Palm Bay, Florida combines suburban living with natural beauty along the Space Coast. Nestled where Turkey Creek meets the Indian River, this growing city features established neighborhoods and newer developments. The northeastern section includes the historic district, while residential areas extend westward beyond Interstate 95. One-bedroom apartments average $878, with two-bedroom units around $1,152.
The Turkey Creek Sanctuary offers walking trails and wildlife viewing opportunities, providing a peaceful retreat within the city limits. Fred Poppe Regional Park serves as a central recreation destination with sports facilities and community amenities. Palm Bay's technology sector continues to expand, with L3Harris Technologies among the major employers in the area. The city balances residential growth with environmental conservation, maintaining numerous community parks throughout its neighborhoods. Local history buffs might appreciate knowing that the area's early development centered around Tillman's Wharf, an important agricultural shipping point on the Indian River during the 1870s.
Fishing at dawn at Castaway Point Park along the indian river.
Palm Bay's bike trails with jumps & obstacles through the woods at Grapefruit Trails.
A unique, big fish styled mailbox in the city of Palm Bay.
A rural, but suburban spirited home with a large backyard.
Lady walking dog along the Indian River at Castaway Point Park.
Perky egret at Castaway Point Park.
Median Household Income
$56,584
Average: $72,882
Education
25,512
Residents Have a Degree
Job Market
61,523
Workers Employed
Median Age
42 Years
Largest Age Group
60-69 Years
Approximately 13% of Residents
Under 20
23%
Over 65
21%
Housing Distribution
Palm Bay has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of April 2026, the average apartment rent in Palm Bay, FL is $1,124 for a studio, $1,472 for one bedroom, $1,650 for two bedrooms, and $1,950 for three bedrooms. Apartment rent in Palm Bay has decreased by -1.3% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Palm Bay, FL is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Exceptionally Drivable
Drivability
Fairly Bikeable
Bikeability
Public
Grades PK-5
696 Students
Public
Grades PK-5
586 Students
Odyssey Charter Elementary and Junior Senior High School
Public
Grades K-12
1,847 Students
Pineapple Cove Classical Academy
Public
Grades K-12
1,044 Students
Public
Grades PK-5
798 Students
Odyssey Charter Elementary and Junior Senior High School
Public
Grades K-12
1,847 Students
Pineapple Cove Classical Academy
Public
Grades K-12
1,044 Students
Public
Grades K-8
332 Students
Public
Grades 6-8
920 Students
Palm Bay Academy Charter School
Public
Grades K-8
364 Students
Odyssey Charter Elementary and Junior Senior High School
Public
Grades K-12
1,847 Students
Pineapple Cove Classical Academy
Public
Grades K-12
1,044 Students
Public
Grades 9-12
2,007 Students
Public
Grades 9-12
1,854 Students
Public
Grades K-12
87 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.