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Merritt Island, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
34,992
Population
$94,012
Median Income
$402,900
Home Value
50.2
Median Age

Demographics

Merritt Island has a population of 34,992 with a median age of 50.2. Here is the racial and ethnic breakdown of the population:

White
85.4%
Hispanic
6.6%
Asian
3.2%
Black
2.7%
Other
2.1%
Demographic Value
Total Population34,992
Median Age50.2
White85.4%
Black or African American2.7%
Asian3.2%
Hispanic or Latino6.6%
Other / Two or More Races2.1%
Merritt Island, Florida — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 85.4%Hispanic/Latino: 6.6%Asian: 3.2%Black: 2.7%Other: 2.1%34,992PopulationWhiteWhite85.4%Hispanic/LatinoHispanic/Latino6.6%AsianAsian3.2%BlackBlack2.7%OtherOther2.1%

Income & Economy

The median household income in Merritt Island is $94,012, which is 16.6% above the national median of $80,610. The per capita income is $56,114. The poverty rate is 7.4%.

$94,012
Median Household Income
$56,114
Per Capita Income
7.4%
Poverty Rate

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Education

In Merritt Island, 95.2% of residents age 25+ have a high school diploma or higher, and 41.0% hold a bachelor's degree or higher (17.3% with a graduate or professional degree).

HS Diploma+
95.2%
Bachelor's+
41.0%
Graduate+
17.3%
Education Level % of Adults (25+)
High School Diploma or Higher95.2%
Bachelor's Degree or Higher41.0%
Graduate or Professional Degree17.3%

Housing

The median home value in Merritt Island is $402,900, above the national median of $303,400. The median monthly rent is $1,441. The homeownership rate is 80.0%.

$402,900
Median Home Value
$1,441/mo
Median Rent
80.0%
Homeownership Rate
Housing Metric Value
Median Home Value$402,900
Median Monthly Rent$1,441
Homeownership Rate80.0%
Vacancy Rate16.7%

Salaries in Florida

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Frequently Asked Questions

What is the population of Merritt Island, Florida?
The population of Merritt Island, Florida is 34,992 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Merritt Island, Florida?
The median household income in Merritt Island, Florida is $94,012. This is 16.6% above the national median of $80,610.
What is the median home value in Merritt Island, Florida?
The median home value in Merritt Island, Florida is $402,900. The median monthly rent is $1,441.
What percentage of people in Merritt Island have a college degree?
In Merritt Island, Florida, 41.0% of adults age 25 and older hold a bachelor's degree or higher, and 95.2% have a high school diploma or higher.
Is Merritt Island, Florida an affordable place to live?
The home price-to-income ratio in Merritt Island, Florida is 4.3x (median home value $402,900 vs. median income $94,012), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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