Income & Economy in Palm Bay city, FL (32907)
Median Income
$71,827
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,164
Wealth inflow
Population
48,352
Unemployment
4.9%
1.2pp above US avg
IRS migration statistics show a net inflow of about 2,164 for ZIP 32907 (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.
Historical Trends in 32907 (2020–Present)
Since 2020, population grew 3.1%, median income rose 10.3% (inflation-adjusted), home values increased 20.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $71,827 |
| Unemployment | 4.9% |
| Establishments | 580 |
| Employees | 6,010 |