Only 1 of the Palm Bay area's 10 most common jobs can buy a home in the city of Palm Bay
The typical house costs $305,470. At today's 7.32% mortgage rate, buying it takes $110,339 a year.
ESTIMATEHome price and rent for the city of Palm Bay, and jobs and tax for the Palm Bay area. How the estimate works
THE PALM BAY AREA'S 10 MOST COMMON JOBS, BY MEDIAN PAY
MEDIAN PAY
Rent apt $74K
Rent house $87K
Buy $110K
You
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Software developers
$131,760Can buy
General and operations managers
$101,830Rent a house
Registered nurses
$80,900Rent an apt
Office clerks, general
$43,400Rent over 30%
Customer service representatives
$37,760Rent over 30%
Waiters and waitresses
$36,670Rent over 30%
Stockers and order fillers
$35,300Rent over 30%
Retail salespersons
$33,430Rent over 30%
Cashiers
$30,390Rent over 30%
Fast food and counter workers
$28,660Rent over 30%
Each line is the yearly pay where that home fits the rule: rent at 30% of pay or less, and the mortgage, tax, insurance, and HOA at 28% of pay or less.