Wealth Index

The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.

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Income Statistics Overview

See income data visualized

Metric Palm Bay Florida Avg US Average
Median Household Income $69,336 $71,865 $78,145
Median Personal Income $69,336 $71,865 $78,145
Average income growth 6.7% 6.7% 6.7%

Household Income Trend

Median Household Income Over Time

Palm Bay
United States
Year Palm Bay United States

Economic Inequality in Palm Bay | Gender Pay Gap | Gini Index

Metric Palm Bay Florida Avg US Average
Gini Index 0.544 0.566 0.570
Male Median Income $52,080 $58,426 $67,746
Female Median Income $42,490 $48,893 $54,793
Gender Pay Gap 18.4% 16.3% 19.1%

Income by Sex Over Time

Male
Female
Year Male Income Female Income Gap %

Employment

Metric Palm Bay Florida Avg US Average
Unemployment Rate 5.8% 4.8% 5.2%
Working from Home 9.6% 13.9% 13.4%
Commute time (minutes) 25 23 22

Unemployment Rate Over Time

Palm Bay
United States
Year Palm Bay United States