Living in Palm Shores, Florida
Cost of living, income, home prices, rent and demographics of Palm Shores · Census data 2020–2024
Palm Shores has 1,458 residents with a median age of 44.9. The median household income is $77,500 (4% higher than the Florida median), the median home value is $351,600.
Palm Shores is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Palm Shores at a glance
- Population
- 1,458
- Median age
- 44.9State: 42.6
- Median household income
- $77,500State: $74,568
- Median home value
- $351,600State: $359,000
- Homeowners
- 87.8%
- Bachelor's degree or higher
- 31.4%
- Average commute
- 25 min
Is Palm Shores a good place to live?
Pros: Median household income 4% higher than the Florida median; home values about the same as the state median; an average commute of 25 minutes; unemployment of 1.7%; a poverty rate of 6.2%.
The weather is best in February–March and November–December.
Cost of living in Palm Shores
Housing is the biggest part of the cost of living. In Palm Shores the median home value is $351,600, 6% higher than the U.S. median. Renters pay a median of — per month, which is 25.9% of household income. Homeowners with a mortgage pay $1,840 a month in housing costs.
Palm Shores median household income
The median household income in Palm Shores is $77,500 and the income per person is $40,771. 6.2% of residents live below the poverty line (Florida: 12.6%).
Housing in Palm Shores: homes for sale and rent
- Housing units
- 657
- Owner-occupied
- 87.8%
- Renter-occupied
- 12.2%
- Vacant
- 10.5%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 2.48
Palm Shores demographics
- Population
- 1,458
- Median age
- 44.9
- Under 18
- 15.8%
- 65 and older
- 21%
- Households
- 588
- Foreign-born
- 10.6%
- Veterans
- 15.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Palm Shores ›
Education in Palm Shores
31.4% of adults 25 and older in Palm Shores have a bachelor's degree or higher (Florida: 34.1%), and 10.8% have a graduate or professional degree.
Jobs and commute in Palm Shores
- Unemployment rate
- 1.7%State: 4.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 12.8%
- Drive alone
- 79.1%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 93.5%
Palm Shores vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palm Shores | 1,458 | $77,500 | $351,600 | — |
| South Patrick Shores | 7,030 | $85,660 | $443,600 | $2,054 |
| Satellite Beach | 11,313 | $119,134 | $502,500 | $1,909 |
| Patrick AFB | 1,644 | $76,250 | — | $2,190 |
| Indian Harbour Beach | 9,025 | $97,254 | $440,200 | $1,827 |
| Melbourne | 86,576 | $66,991 | $306,400 | $1,525 |
| Viera East | 12,570 | $92,467 | $396,700 | $1,681 |
| Viera West | 17,984 | $109,170 | $546,600 | $2,182 |
| Melbourne Village | 778 | $100,000 | $385,000 | $1,473 |
More for people moving to Palm Shores
Palm Shores ZIP code ›Weather and climate ›Living in Palm Shores: FAQ
What is the median household income in Palm Shores, FL?
The median household income in Palm Shores is $77,500, 4% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palm Shores?
The median home value in Palm Shores is $351,600, compared with $359,000 in Florida.
Is Palm Shores, FL a good place to live?
Pluses: median household income 4% higher than the Florida median; home values about the same as the state median; an average commute of 25 minutes; unemployment of 1.7%; a poverty rate of 6.2%.
What is the median age in Palm Shores?
The median age in Palm Shores is 44.9 years (Florida: 42.6).
How long is the commute in Palm Shores?
The average commute to work in Palm Shores is 25 minutes; 12.8% of workers work from home.
What is the unemployment rate in Palm Shores?
The unemployment rate in Palm Shores is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palm Shores?
31.4% of adults in Palm Shores have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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