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
Cocoa
Opportunity
47 · Bottom 30%
vs42 · Bottom 21%
Growth
72 · Top 15%
vs70 · Top 16%
Climate
83 · Top 10%
vs92 · Top 4%
Physical resilience
19 · Bottom 12%
vs19 · Bottom 12%
Housing affordability
70 · Bottom 35%
vs76 · Bottom 42%
Schools
43 · Bottom 39%
vs10 · Bottom 2%
Access
99 · Top 14%
vs92 · Bottom 49%
Economic stability
50 · Bottom 31%
vs43 · Bottom 22%
Measured values
| Metric | Palm Bay | Cocoa | Source period |
|---|---|---|---|
| Population | 130,132 | 19,554 | 2024 ACS 5-Year |
| Median household income | $72,614 | $63,105 | 2024 ACS 5-Year |
| Per capita income | $34,813 | $38,586 | 2024 ACS 5-Year |
| Population density | 1,501/sq mi | 1,427/sq mi | 2024 ACS 5-Year |
| Median home value | $283,200 | $246,100 | 2024 ACS 5-Year |
| Median gross rent | $1,601 | $1,274 | 2024 ACS 5-Year |
| Homeownership rate | 79.7% | 63.5% | 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% | 27.4% | 2024 ACS 5-Year |
| Poverty rate | 11.7% | 13.1% | 2024 ACS 5-Year |
| Housing units permitted (12 months) | 2,451 | 58 | 12 months ending July 2026 |
| Permits per 1,000 residents | 18.8 | 3.0 | 12 months ending July 2026 |
| Permit change (year over year) | -16.1% | 625.0% | 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 | 27.9 min | 2024 ACS 5-Year |
| Median age | 41.0 | 44.9 | 2024 ACS 5-Year |
| Public schools | 20 | 5 | 2024-25 school year |
| Students per teacher | 16.95 | 15.72 | 2024-25 school year |
| Math proficiency | 51.6% | 22.6% | 2019-20 school year |
| Reading proficiency | 52.8% | 26.0% | 2019-20 school year |
| Free or reduced-price lunch eligibility | 51.9% | 68.2% | 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.
Cocoa
Elevated or high exposure: hurricane.
Full profiles: Palm Bay, FL · Cocoa, FL · How this is calculated: methodology