How many renters in Palm Bay, FL pay more than 30% of their income on rent?

59.5% (±5.8 points) of renting households in Palm Bay, FL spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

52.5% spend 35% or more.

The median renting household spends 37.6% of its income on rent.

Figures last updated on .

Paying 30% or more
59.5% (±5.8 points)
Paying 35% or more
52.5% (±5.4 points)
Median share of income
37.6% (±5.3 points)

Rent as a share of income in Palm Bay

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rentPalm BayBrevard CountyFloridaUnited States
Less than 15%9.4% (±3.0 points)9.7%8.1%12.6%
15% to 19.9%8.9% (±2.7 points)10.9%9.3%12.2%
20% to 24.9%11.5% (±2.9 points)12.2%11.3%12.6%
25% to 29.9%10.7% (±3.5 points)11.5%11.3%11.5%
30% to 34.9%7.0% (±2.2 points)8.6%9.8%9.2%
35% or more52.5% (±5.4 points)47.2%50.2%41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Palm Bay against Brevard County, its state and the nation

Estimate (90% margin of error)
Palm BayBrevard CountyFloridaUnited States
Paying 30% or more59.5% (±5.8 points)55.8% (±2.3 points)60.0% (±0.4 points)51.1%
Paying 35% or more52.5% (±5.4 points)47.2% (±2.1 points)50.2% (±0.4 points)41.9%
Median share of income37.6% (±5.3 points)33.3% (±1.3 points)35.2% (±0.3 points)30.6%
Median renter household income$50,990 (±$4,292)$52,625 (±$1,865)$53,617 (±$353)$52,966
Median gross rent$1,601 (±$71)$1,556 (±$27)$1,669 (±$5)$1,413

In Palm Bay, the share of renters paying 30% or more of income is not measurably different from Brevard County (55.8%).

It is not measurably different from Florida (60.0%).

It is higher than the national figure (51.1%).

In Brevard County, Palm Bay ranks 13 of 29 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 405 of 843.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Palm Bay

Nearest places with a published estimate, compared with Palm Bay
PlaceDistanceRenters paying 30% or more of incomeCompared with this place
Palm Bay—59.5% (±5.8 points)—
Malabar5.5 mi0.0% (±141.4 points)Not measurably different
Grant-Valkaria6.2 mi100.0% (±111.2 points)Not measurably different
West Melbourne6.6 mi45.8% (±10.4 points)Lower
June Park8.2 mi65.9% (±38.6 points)Not measurably different
Melbourne Village9.2 mi64.5% (±41.1 points)Not measurably different
Melbourne Beach10 mi73.7% (±50.7 points)Not measurably different
Melbourne11 mi56.1% (±4.0 points)Not measurably different
Indialantic11 mi76.1% (±20.5 points)Not measurably different

Nearby places with a measurably lower figure: West Melbourne, FL (45.8%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Brevard County, place by place

RankPlaceRenters paying 30% or more of income
7South Patrick Shores64.9% (±26.0 points)
8North Merritt Island64.6% (±27.2 points)
9Melbourne Village64.5% (±41.1 points)
10Indian Harbour Beach62.5% (±20.7 points)
11Cocoa61.5% (±10.6 points)
12Tropical Park59.7% (±19.6 points)
13Palm Bay59.5% (±5.8 points)
14Titusville59.0% (±8.1 points)
15Patrick AFB58.0% (±12.1 points)
16Cocoa Beach56.2% (±12.5 points)
17Melbourne56.1% (±4.0 points)
18Rockledge55.4% (±10.1 points)
19Merritt Island53.3% (±9.8 points)

Showing 13 of 29 places in Brevard County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Palm Bay

Are renters in Palm Bay rent-burdened?

59.5% of renting households in Palm Bay pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Palm Bay spend on rent?

The median renting household in Palm Bay, FL spends 37.6% (±5.3 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Palm Bay city, Florida (place:54000, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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