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EconPulse

Local economy signal dashboard

Saved
PLACEStable

West Canaveral Groves, FL

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

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Overall score57out of 100
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89
0
100
NA
100

Population

224

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

0

12.6%

Unemployment is 12.6% for Latest available.

Vintage date unknown

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

Population

+83.6% 5-year

100

224

Population moved +83.6% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

NA

Unavailable

Housing affordability could not be calculated.

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

Unavailable

Housing Affordability

Unavailable

of median income

1BR estimateUnavailable
2BR estimateUnavailable
Median income$53,819
Median home valueUnavailable

ACS context

Quick Facts

Population

224

Median age

31.8

Bachelor's degree+

14.6%

Poverty rate

18.3%

Labor force participation

85.3%

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

+12.9%

GDP CAGR

+8.9%

Federal flow

5 years

Population (5 years)
2020122
2021127
2022167
2023198
2024224
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

2024224
2025250 *
2026278 *

R² = 96.5% · * 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$53,819/yr

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

employment snapshot

Job Market

Unemployment rate12.6%
State avg4.8%
U.S. avg5.2%
Labor force participation85.3%
Poverty rate18.3%

Data from BLS LAUS / CPS. Latest available.

valuation indicators

Real Estate

Home value and rent data unavailable for this geography.

composite score

Investment Climate

Investment climateModerate
Composite score61/100
Economic growth89/100
Labor market0/100
Population momentum100/100
Overall stability57/100

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

Location Context

West Canaveral Groves CDP, Florida

City/Town

Part of

Palm Bay-Melbourne-Titusville, FL

Nearby locations

Cocoa, FLCocoa West, FLPort St. John, FLSharpes, FLRockledge, FL