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EconPulse

Local economy signal dashboard

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PLACEThriving

Viera East, FL

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

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Overall score72out of 100
Compare
89
57
64
69
100

Population

12,570

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

57

4.6%

Unemployment is 4.6% for Latest available.

Vintage date unknown

State avg4.8%
U.S. avg5.2%

Population

+2.3% 5-year

64

12,570

Population moved +2.3% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

69

21.8%

Median rent consumes 21.8% of median household income: Affordable.

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

$22.2K per resident

100

$13.4B

$13.4B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$325.0B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$13.4B

$22.2K 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

Affordable

Housing Affordability

21.8%

of median income

1BR estimate$1,378
2BR estimate$1,815
Median income$92,467
Median home value$396,700

ACS context

Quick Facts

Population

12,570

Median age

44.8

Bachelor's degree+

51.5%

Poverty rate

3.5%

Labor force participation

52.5%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

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

+0.5%

GDP CAGR

+8.9%

Federal flow

5 years

Population (5 years)
202012,284
202112,020
202212,547
202313,082
202412,570
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

202412,570
202512,991 *
202613,154 *

R² = 42.9% · * 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$92,467/yr
Median rent$1,681/mo
Rent share of income21.8%
Est. mortgage (30yr, 6.5%)$24,071/yr
Mortgage share of income26.0%

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

employment snapshot

Job Market

Unemployment rate4.6%
State avg4.8%
U.S. avg5.2%
Labor force participation52.5%
Poverty rate3.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$396,700
Median monthly rent$1,681
Price-to-rent ratio19.7x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score72/100
Economic growth89/100
Labor market57/100
Population momentum64/100
Overall stability72/100

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

Location Context

Viera East CDP, Florida

City/Town

Part of

Palm Bay-Melbourne-Titusville, FL

Nearby locations

Viera West, FLMerritt Island, FLRockledge, FLPalm Shores, FLPatrick AFB, FL