ZIP 32905 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Palm Bay city, FL (32905)

Median Income

$56,671

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,095

Wealth inflow

Population

24,473

Unemployment

7.1%

3.4pp above US avg

IRS migration statistics show a net inflow of about 1,095 for ZIP 32905 (Palm Bay city, FL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

7.1%+92% vs US avg

Self-Employed

2.0%-68% vs US avg

SNAP Benefits

15.5%+32% vs US avg

651

Establishments

9,869

Employees

~15 per establishment — small businesses dominate

Retail trade

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Construction11.4%
Manufacturing10.4%
Wholesale trade0.8%
Retail trade15.0%
Transportation, utilities3.9%
Information2.1%
Finance, insurance, real estate5.3%
Professional, scientific, management13.5%
Education, health care, social21.4%
Arts, entertainment, food services10.1%
Other services4.0%
Public administration2.3%

Household Income

Historical Trends in 32905 (2020–Present)

Since 2020, population grew 4.5%, median income rose 9.3% (inflation-adjusted), home values increased 28.4%.

Median Income

$56,671

-25% vs US avg

Unemployment Rate