Income & Economy in Palm Bay city, FL (32908)
Median Income
$66,589
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+670
Wealth inflow
Population
14,970
Unemployment
7.7%
4.0pp above US avg
IRS migration statistics show a net inflow of about 670 for ZIP 32908 (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 32908 (2020–Present)
Since 2020, population grew 18.8%, median income rose 6.4% (inflation-adjusted), home values increased 37.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $66,589 |
| Unemployment | 7.7% |
| Establishments | 114 |
| Employees | 383 |