What is the median household income in Merritt Island Florida?

The median household income in Merritt Island, Florida, specifically for the Merritt Island Census Designated Place (CDP), is $82,172.

Understanding Household Income in Merritt Island

Median household income is a crucial economic indicator that represents the midpoint of all household incomes in a given geographical area. This means that half of the households in that area earn more than this figure, and the other half earn less. It offers a more accurate picture of a typical household's financial standing than the average, which can be influenced by a few exceptionally high or low incomes.

Income Variations Across Merritt Island and Surrounding Areas

While the Merritt Island CDP provides a specific median income for the primary populated area, it's beneficial to examine income data for the broader region and distinct sub-areas. This includes the primary ZIP code that covers much of the island, as well as adjacent communities and the wider Brevard County. Such a comparison illustrates the varied economic landscape within and around Merritt Island.

The table below presents median household incomes for different areas related to Merritt Island:

As demonstrated, significant income disparities can exist even within close geographical proximity. For example, North Merritt Island CDP exhibits a considerably higher median income, suggesting a more affluent population in that specific section of the island. Conversely, Tropical Park CDP reports a lower median income. The median income for the 32953 ZIP code, which encompasses a substantial part of Merritt Island, is closely aligned with that of the Merritt Island CDP, providing a broader financial overview for the central areas. When compared to Brevard County's overall median income, Merritt Island generally shows a stronger economic standing, indicating its relative prosperity within the county.