Income & Economy in Palm Bay city, FL (32909)
Median Income
$76,708
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,773
Wealth inflow
Population
39,611
Unemployment
5.5%
1.8pp above US avg
IRS migration statistics show a net inflow of about 1,773 for ZIP 32909 (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 32909 (2020–Present)
Since 2020, population grew 24.8%, median income rose 21.4% (inflation-adjusted), home values increased 19.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $76,708 |
| Unemployment | 5.5% |
| Establishments | 455 |
| Employees | 2,720 |