Brevard County · Florida · South · 35k residents
Merritt Island, FL: economy, jobs & business costs
The site-selection read on Merritt Island: labor costs, talent, corporate tax, energy, and business activity, with the Florida median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,363/wk. Florida's corporate income tax rate is 5.5%. Commercial electricity averages 11.0¢/kWh.
Compare Merritt Island side by side
Avg. weekly wage
$1,363/wk
Corporate income tax
5.5%
Bachelor's degree or higher
41%
Commercial electricity
11.0¢/kWh
Economic momentum
How fast Merritt Island's economy is moving, ranked against the US cities we track.
62/100
Steady
Ranks Merritt Island's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $402,900 |
| Price per sq. ft. | $260 |
| Property tax rate | 0.8% |
| 1-bedroom rent | $1,047/mo |
| 2-bedroom rent | $1,397/mo |
| State & local income tax | 0% |
| Sales tax | 7% |
| Corporate income tax | 5.5% |
| Avg. weekly wage | $1,363/wk |
| Bachelor's degree or higher | 41% |
| Commercial electricity | 11.0¢/kWh |
| Businesses per 1k residents | 28.5/1k |
| Wage: Software developer | $131,760 |
| Wage: Registered nurse | $80,900 |
| Wage: General manager | $101,830 |
| Wage: Customer service | $37,760 |
| Wage: Warehouse worker | $35,300 |
| Wage: Heavy truck driver | $48,460 |
| Wage: Electrician | $58,450 |
| Wage: Retail salesperson | $33,430 |
| Cost of living index | 102 |
| Groceries index | 103 |
| Utilities | $180/mo |
| Transit pass | $65/mo |
| Gas price | $3.25/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,000/mo |
| Median household income | $94,012 |
| Unemployment rate | 3.3% |
| Population | 35k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 30/100 |
| Disaster risk | 98/100 |
| Avg. commute | 28 min |
| Sunny days / year | 240 days |
| July high | 91°F |
| January low | 51°F |
| Annual snowfall | 0 in |
| Home price YoY | -1.1% |
| Home price MoM | -0.3% |
| Rent YoY | +4.1% |
| Rent MoM | +1.1% |
| Employment (jobs) YoY | +0.7% |
| Building permits YoY | — |
| Ocean coast | 4 mi |
| Big lake | 96 mi |
| Mountains | 469 mi |
| Major airport | 39 mi |
| Ski resort | 525 mi |
Popular comparisons
Nearby
- Rockledge, FL · 29k
- Port St. John, FL · 25k
- Melbourne, FL · 87k
- Titusville, FL · 49k
- West Melbourne, FL · 29k
Similar size
- Panama City, FL · 35k
- Cooper City, FL · 35k
- Biscayne Gardens, FL · 35k
- Richmond West, FL · 36k
- Haines City, FL · 34k
Real listings in Merritt Island
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Merritt Island a good place to run a business?
- Florida's corporate income tax rate is 5.5%; average weekly wages in the surrounding labor market run $1,363/wk; commercial electricity averages 11.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Merritt Island, FL?
- Merritt Island indexes at 102 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,397/mo and a acs median home value of $402,900.
- How much does a house cost in Merritt Island?
- The acs median home value in Merritt Island is $402,900 (Census ACS estimate; individual listings vary).
- How much is rent in Merritt Island?
- A two-bedroom in Merritt Island rents for about $1,397/mo.