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EconPulse

Local economy signal dashboard

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PLACEStable

Patrick Afb, FL

Stable overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as strained for a median-income household.

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Overall score63out of 100
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89
50
51
52
100

Population

1,644

Data freshness

Unknown

GDP / Output

+7.1% YoY

89

$43.5B

Output changed +7.1% in 2024.

Vintage date unknown

State growth6.3%
U.S. growth5.3%

Jobs

Unemployment rate

50

4.8%

Unemployment is 4.8% for April 2026.

Vintage date unknown

State avg4.8%
U.S. avg4.3%

Population

+0.1% 5-year

51

1,644

Population moved +0.1% over the latest ACS window.

Vintage date unknown

State population22,416,077
U.S. population334,922,499

Housing

Rent share of income

52

34.5%

Median rent consumes 34.5% of median household income: Strained.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$22.1K per resident

100

$13.4B

$13.4B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$324.9B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$13.4B

$22.1K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Defense$5.3B
2. Social Security Administration$4.4B
3. National Aeronautics and Space Administration$1.3B

Top recipients

Dollars
1. LOCKHEED MARTIN CORPORATION$2.0B
2. NORTHROP GRUMMAN SYSTEMS CORPORATION$1.3B
3. SPACE EXPLORATION TECHNOLOGIES CORP.$673.7M

Strained

Housing Affordability

34.5%

of median income

1BR estimate$1,796
2BR estimate$2,365
Median income$76,250
Median home valueUnavailable

ACS context

Quick Facts

Population

1,644

Median age

24.9

Bachelor's degree+

48.0%

Poverty rate

15.4%

Labor force participation

64.4%

Prime rate

6.8%

CPI YoY

+3.9%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

April 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-10

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.0%

GDP CAGR

+8.9%

Federal flow

5 years

Population (5 years)
20201,642
20211,609
20221,606
20231,606
20241,644
GDP (5 years)
2020$28.4B
2021$32.4B
2022$36.4B
2023$40.6B
2024$43.5B

2-year linear forecast

Predictive Outlook

Population forecast

20241,644
20251,622 *
20261,622 *

R² = 0.0% · * projected

GDP forecast

2024$43.5B
2025$47.8B *
2026$51.6B *

R² = 99.7% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$76,250/yr
Median rent$2,190/mo
Rent share of income34.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.8%
State avg4.8%
U.S. avg4.3%
Labor force participation64.4%
Poverty rate15.4%

Data from BLS LAUS / CPS. April 2026.

valuation snapshot

Real Estate

Median monthly rent$2,190

composite score

Investment Climate

Investment climateModerate
Composite score65/100
Economic growth89/100
Labor market50/100
Population momentum51/100
Overall stability63/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Patrick AFB CDP, Florida

City/Town

Part of

Palm Bay-Melbourne-Titusville, FL

Nearby locations

South Patrick Shores, FLSatellite Beach, FLPalm Shores, FLIndian Harbour Beach, FLViera East, FL