Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Palm Bay, Florida is a moderately-sized city with a population of 113,751 residents. At 69%, the majority of the Palm Bay population is White; this is followed by 19% Black and 2% Asian. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Palm Bay, your commute times will be about average, with a one way commute time of 28 minutes.
Without the right tools, relocating to any new town can be very stressful and challenging. Living in Palm Bay, Florida could be a positive experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Palm Bay and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, education, employment, housing and other important metrics.
With a livability score of 72/100, Palm Bay is ranked #4,862 in the United States and #299 in Florida. If we dig down a little deeper into each category within the livability score, we see that Palm Bay has higher than average rankings for the following: crime (B-), cost of living (A+) and housing (A+). Palm Bay does not rank well for the following: amenities (F) and employment (D). It might be a good idea to take a closer look at each category to find out why.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Palm Bay excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Palm Bay. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Palm Bay are affordable. Median real estate prices in Palm Bay come in at $172,200, which is 3.2% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Palm Bay, the home price to income ratio is 3.3, which is 2.9% lower than the Florida average.
| Statistic | Palm Bay | Florida | National |
| Average one way commute | 28min | 27min | 26min |
| Workers who drive to work | 84.2% | 79.5% | 76.4% |
| Workers who carpool | 8.8% | 9.3% | 9.3% |
| Workers who take public transit | 0.3% | 2.1% | 5.1% |
| Workers who bicycle | 0.8% | 0.7% | 0.6% |
| Workers who walk | 0.3% | 1.5% | 2.8% |
| Working from home | 4.5% | 5.4% | 4.6% |
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