01 - Taxes
Retirement Tax Treatment
Florida levies no state income tax, meaning Social Security, pension payments, and IRA withdrawals all avoid state-level taxation.
Source · Tax Foundation
79
6
Fact text
- Palm Bay got its name from the bay bordered with sabal palm trees at the mouth of Turkey Creek, palms so iconic they named the whole city.
- In the 1880s, Palm Bay boasted the most notable banana grove on the entire Indian River, not exactly what most people picture in Florida.
- A 180-mile grid of 80 canals was dug starting in 1922 to drain 40,000 acres of swampy land, an ambition so large it went spectacularly bankrupt.
- Harris Corporation built a 464,000-square-foot tech center in Palm Bay housing roughly 1,400 scientists and engineers, basically a small city of rocket scientists.
Your
Palm Bay
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
113751
+
Total Population
$
52435
Median Income
$
172200
Median Home
19
%
Age 65+
Retirement Suitability
How
Palm Bay
ranks for retirees?
69
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
79
Affordability
66
Healthcare
50
Climate
90
Results
Palm Bay
Suitability Breakdown
02 - Income
Annuity Rates Available Here
Fixed annuity rates reach up to
7
% on 5-year terms, with most landing between
5
% and
5
%.
Source · Cannex
66
03 - Healthcare
Hospital Access & Quality
The area has
6
Medicare-certified hospitals, averaging a
3
/5 CMS quality rating.
Source · CMS Hospital Compare
3
04 - Climate
Weather & Comfort
A
Warm / Subtropical
climate — summers peak near
90
°F, winters dip to about
51
°F, with roughly
0
″ of snow a year.
Source · NOAA Climate Normals
Warm / Subtropical
05 - Risk
Natural Disaster Risk
FEMA's overall natural-disaster risk rating for this county on the National Risk Index.
Source · FEMA National Risk Index
Relatively High
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