Palm Bay receives the higher standardized Area Score. That reflects AreaProfile's weighting, not a judgment about which place is better to live in.
Signals
Palm Bay
Cape Canaveral
Opportunity
47 · Bottom 30%
vs45 · Bottom 27%
Growth
72 · Top 15%
vs30 · Bottom 17%
Climate
83 · Top 10%
vs92 · Top 4%
Physical resilience
19 · Bottom 12%
vs19 · Bottom 12%
Housing affordability
70 · Bottom 35%
vs62 · Bottom 23%
Access
99 · Top 14%
vs92 · Bottom 49%
Economic stability
50 · Bottom 31%
vs34 · Bottom 11%
Measured values
| Metric | Palm Bay | Cape Canaveral | Source period |
|---|---|---|---|
| Population | 130,132 | 10,006 | 2024 ACS 5-Year |
| Median household income | $72,614 | $67,276 | 2024 ACS 5-Year |
| Per capita income | $34,813 | $52,077 | 2024 ACS 5-Year |
| Population density | 1,501/sq mi | 4,503/sq mi | 2024 ACS 5-Year |
| Median home value | $283,200 | $372,400 | 2024 ACS 5-Year |
| Median gross rent | $1,601 | $1,318 | 2024 ACS 5-Year |
| Homeownership rate | 79.7% | 58.6% | 2024 ACS 5-Year |
| Unemployment rate | 5.1% | 4.8% | June 2026 |
| Employment change (year over year) | -0.7% | -0.7% | June 2026 |
| Bachelor's degree or higher | 24.0% | 36.2% | 2024 ACS 5-Year |
| Poverty rate | 11.7% | 9.6% | 2024 ACS 5-Year |
| Housing units permitted (12 months) | 2,451 | 3 | 12 months ending July 2026 |
| Permits per 1,000 residents | 18.8 | 0.3 | 12 months ending July 2026 |
| Permit change (year over year) | -16.1% | -50.0% | 12 months ending July 2026 |
| Average July high | 90°F | 89°F | 1991-2020 Normals |
| Average January low | 52°F | 50°F | 1991-2020 Normals |
| Annual precipitation | 50.8" | 48.6" | 1991-2020 Normals |
| Distance to major airport | 10 mi | 20 mi | NASR current cycle |
| Average commute | 29.9 min | 24.7 min | 2024 ACS 5-Year |
| Median age | 41.0 | 60.1 | 2024 ACS 5-Year |
| Public schools | 20 | 1 | 2024-25 school year |
| Students per teacher | 16.95 | 10.92 | 2024-25 school year |
| Free or reduced-price lunch eligibility | 51.9% | 52.7% | 2024-25 school year |
A bolded value is the more favorable of the two where the metric has a clear direction. Metrics like population and density have no inherent better or worse and are shown unweighted.
Physical risk tradeoff
Palm Bay
Elevated or high exposure: hurricane.
Cape Canaveral
Elevated or high exposure: hurricane.
Your best match
Weight what matters to you. Your preferences stay in this browser and never change either Area Score.
Palm Bay
60
Your Score
55
Area Score
Cape Canaveral
53
Your Score
49
Area Score
Select your priorities to see which of the two fits them better.
Full profiles: Palm Bay, FL · Cape Canaveral, FL · How this is calculated: methodology