Melbourne, Florida Overview Home to about 76,000 people, Melbourne, Florida is part of the Palm Bay area, which is the ...
Melbourne, Florida Overview
Home to about 76,000 people, Melbourne, Florida is part of the Palm Bay area, which is the second-largest metropolitan area in Florida. Melbourne is about 60 miles southeast of Orlando, midway between Miami and Jacksonville. The city houses an international airport as well as a thriving high-tech sector, with an emphasis on defense. Melbourne also has several colleges and universities, including Eastern Florida State College, the Florida Institute of Technology, Keiser University - Melbourne and a Florida State University satellite campus. In 1969, Melbourne merged with sister city Eau Gallie to become a consolidated area.
The cost of living in Melbourne, FL is slightly below the national and Florida averages. Utilities and groceries are the only living costs that exceed the national average in Melbourne. The median home sale price is $158,250, which is five percent higher than it was one year ago. The median income per capita for Melbourne jobs is $24,959, and the median household income is $42,216.
Melbourne Job Opportunities
The technology and defense industries are major contributors of Melbourne, FL jobs. The city is part of what is called "The Space Coast," a high-tech region of Florida. Space Coast employers in Melbourne include DRS Technologies (over 1,000 employees in the area), General Electric, Northrop Grumman Corporation - Surveillance and Battle Management Systems (1,640 employees), Rockwell Collins (1,430 employees) and the Harris Corporation. Education jobs in Melbourne are also plentiful, thanks to Brevard Community College, Brevard County School Board and the Florida Institute of Technology.
The healthcare industry contributes a substantial number of jobs in Melbourne, FL as well. For example, the Wuesthoff Health System employs more than 2,600 people in various health care occupations. Other major employers include the Florida TODAY Newspaper, which is owned by Gannett, and the Holmes Regional Medical Center.
Melbourne Employment Trends
Forbes ranks Melbourne, Florida 27th in the nation for job growth. In the past year, Melbourne experienced job growth of 1.54 percent, which is higher than the national average. In the next decade, employment in the city is expected to grow by 37.3 percent, also slightly higher than the national prediction. In July of this year, Melbourne had an unemployment rate of 6.8 percent, which was higher than the 6.2 percent Florida and national averages.
While Melbourne's unemployment rate is higher than Florida's, it is still lower than that of surrounding cities. For instance, job seekers might have better luck finding Melbourne jobs than jobs in Palm Bay, FL, as the city has an unemployment rate of 7.5 percent.