Emerald Lakes
Market & Demographics
Ranked as the #1 place to live in Florida by the Beach by U.S. News & World Report 2019, Florida’s Space Coast is your giant leap to possibilities. The Space Coast offers the right operating climate by combining low operating costs, aggressive and targeted incentives, and a coveted workforce. It is where quality of life soars among a strong diversified economy.
Ranked #1 – Most Highly Concentrated High-Tech Economy in Florida – Milken Institute, 2018
Highest Industry Diversity Index in Florida – Florida Gulf Coast University, 2018
Best Place to Live In Florida – US News and World Report 125 Best Places to Live in the USA, 2018
Top 10 Best Cities for STEM Jobs – Forbes.com
As the birthplace of American Space Exploration, and the hub of Florida’s space industry, Florida’s Space Coast has cultivated generations of high-tech talent with over 500 manufacturing companies. The local workforce’s strengths extend beyond the aerospace sector, with one of the nation’s largest concentrations of employment in the communications sector and the most concentrated manufacturing workforce in the state of Florida. Recruiting employees is easily done with our local tax structure, low cost of living, affordable housing, and superior quality of life.
No Floridian lives more than 50 miles from a postsecondary educational institution, many of which are nationally ranked colleges and universities. This provides your businesses with a constant flow of skilled employees. As part of the Florida High Tech Corridor, we are boasting a region with a talent pool of scientists, engineers, and other innovative entrepreneurs.
“The biggest factor there is a talented workforce that you could really hire people that understand the quality and demands of aerospace. You really want to get good assembly and integration engineers. You want to be able to get high quality machinists and machine operators. Those jobs today are very sophisticated jobs.” Jeff Bezos, Founder, Blue Origin
“The talented workforce and global access Florida provides has allowed us to operate successfully here for decades. Our two new centers of excellence and state-of-the-art manufacturing facility will allow us to continue our growth and benefit our customers, our company and the community for many more years.” Rick Matthews, VP of Florida Operations, Northrop Grumman Aerospace Systems
Population Brevard County 2008-2030
| 2008 | 2015 | 2022 | 2030 | |
|---|---|---|---|---|
| Total | 476,230 | 556,739 | 625,215 | 694,120 |
| 0-4 | 24,707 | 27,139 | 29,478 | 30,043 |
| 5-17 | 79,992 | 80,718 | 84,237 | 90,669 |
| 18-34 | 82,872 | 100,123 | 106,666 | 107,670 |
| 35-54 | 141,665 | 151,825 | 138,222 | 150,722 |
| 55-64 | 52,313 | 77,926 | 102,003 | 86,740 |
| 65-79 | 72,946 | 82,841 | 116,975 | 157,859 |
| 80+ | 21,735 | 36,527 | 47,634 | 70,426 |
| POPULATION ESTIMATES | |
|---|---|
| Palm Bay | 109,162 |
| Grant-Valkaria | 3,928 |
| Barefoot Bay | 9,808 |
| Micco Area | 9,052 |
| Sebastian | 23,732 |
| Fellsmere | 5,401 |
| Area Estimated Total | 161,083 |
Source: BEBR and Census Bureau, Feb. 2017
| SOUTH REGIONAL ESTIMATED DEVELOPMENT POTENTIAL | |
|---|---|
| Project | Entitled Units (rounded) |
| Emerald Lakes* | 3,760 |
| Waterstone* | 2,600 |
| Rolling Meadows* | 2,800 |
| Micco Park Village | 3,800 |
| Calumet Farms | 3,200 |
| Centerlane | 1,000 |
| Area Estimated Dwelling Units | 17,160 |
* PUD status awarded
| POPULATION | |
|---|---|
| Total Population | 616,481 (100%) |
| Population in Households | 609,764 (98.9%) |
| Population in Families | 477,046 (77.4%) |
| Population in Group Quarters1 | 6,717 ( 1.1%) |
| Population Density | 607 |
| Diversity Index2 | 47 |
- Group Quarters – a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
- The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area’s entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area’s diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
| INCOME | |
|---|---|
| Median Household Income | $59,108 |
| Average Household Income | $79,335 |
| % of Income for Mortgage1 | 16% |
| Per Capita Income | $33,256 |
| Wealth Index2 | 95 |
- The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
- The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
| HOUSING | |
|---|---|
| Total HU (Housing Units) | 296,873 (100%) |
| Owner Occupied HU | 190,192 (64.1%) |
| Renter Occupied HU | 67,920 (22.9%) |
| Vacant Housing Units | 38,761 (13.1%) |
| Median Home Value | $219,125 |
| Average Home Value | $262,823 |
| Housing Affordability Index1 | 150 |
- The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
| HOUSEHOLDS | |
|---|---|
| Total Households | 258,112 |
| Average Household Size | 2.36 |
| Family Households | 165,149 |
| Average Family Size | 3 |
- The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
- The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
| GROWTH RATE / YEAR | 2010-2020 | 2020-2025 |
|---|---|---|
| Population | 1.24% | 1.21% |
| Households | 1.14% | 1.17% |
| Families | 1.05% | 1.11% |
| Median Household Income | 1.57% | |
| Per Capita Income | 1.99% | |
| Owner Occupied HU | 1.06% |
