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32940 Income Statistics

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Comparison to Surrounding Areas

32940 Median Household Income

The median household income ($100,792) for 32940 is more than 34773 ($71,774), 32934 ($99,758), 32935 ($61,069), 32937 ($90,344), 32952 ($87,148), 32955 ($82,969), 32904 ($85,618), Brevard County ($71,308), Melbourne city ($60,917), Palm Shores town ($98,125), Viera East CDP ($88,417), and Viera West CDP ($86,131).

32940$100,792
Melbourne city$60,917
Palm Shores town$98,125
Viera East CDP$88,417
Viera West CDP$86,131
Brevard County$71,308

32940 Average Household Income

The average household income ($126,067) for 32940 is less than the average household income for 32952 ($126,805) and Palm Shores town ($136,321). But it's more than 34773 ($82,107), 32934 ($119,946), 32935 ($72,944), 32937 ($124,251), 32955 ($100,165), 32904 ($99,788), Brevard County ($95,587), Melbourne city ($77,652), Viera East CDP ($104,780), and Viera West CDP ($119,971).

32940$126,067
Melbourne city$77,652
Palm Shores town$136,321
Viera East CDP$104,780
Viera West CDP$119,971
Brevard County$95,587

32940 Per-Capita Income

The per-capita income for 32940 is $51,886. The per capita income ($51,886) for 32940 is less than the per capita income for 32937 ($52,239) and 32952 ($52,460). But it's more than 34773 ($25,372), 32904 ($38,278), 32934 ($49,828), 32935 ($33,066), 32955 ($41,142), Brevard County ($40,111), Melbourne city ($34,236), Palm Shores town ($51,619), Viera East CDP ($43,107), and Viera West CDP ($51,279).

32940$51,886
Melbourne city$34,236
Palm Shores town$51,619
Viera East CDP$43,107
Viera West CDP$51,279
Brevard County$40,111

32940 High Income Households

15.9% of households make over $200,000 a year. The percent high income households (15.9%) for 32940 is more than 34773 (6.0%), 32934 (15.9%), 32935 (2.6%), 32937 (16.0%), 32952 (17.1%), 32955 (9.3%), 32904 (8.2%), Brevard County (8.6%), Melbourne city (4.9%), Palm Shores town (13.5%), Viera East CDP (12.6%), and Viera West CDP (14.7%).

3294015.9%
Melbourne city4.9%
Palm Shores town13.5%
Viera East CDP12.6%
Viera West CDP14.7%
Brevard County8.6%

32940 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
32940$76,138$120,802$132,672$67,286
Melbourne city$43,835$69,567$71,342$45,598
Palm Shores town$-1$101,250$120,556$49,091
Viera East CDP$22,734$105,657$111,250$74,133
Viera West CDP$-1$128,422$117,828$57,207
Brevard County$43,857$80,670$85,629$54,380

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. You can find this information and other demographics for 32940 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
32940+/-$9,611+/-$7,625+/-$2,895+/-2.4%+/-$10,762+/-$7,034+/-$25,205+/-$7,595
Melbourne city+/-$2,599+/-$3,029+/-$1,394+/-0.9%+/-$17,087+/-$4,536+/-$7,091+/-$3,458
Palm Shores town+/-$28,639+/-$47,714+/-$17,833+/-8.0%+/-$-1+/-$55,819+/-$15,092+/-$19,070
Viera East CDP+/-$14,796+/-$8,981+/-$4,304+/-4.4%+/-$6,501+/-$12,501+/-$30,018+/-$6,824
Viera West CDP+/-$11,727+/-$9,715+/-$4,714+/-3.2%+/-$-1+/-$14,441+/-$39,289+/-$3,902
Brevard County+/-$1,222+/-$1,827+/-$800+/-0.4%+/-$4,640+/-$2,992+/-$2,867+/-$1,719