Merritt Island, FL Profile: Facts & Data

The primary coordinate point for Merritt Island is located at latitude 28.5392 and longitude -80.672 in Brevard County. The formal boundaries for the Merritt Island Census Designated Place encompass a land area of 17.52 sq. miles and a water area of 29.66 sq. miles. Brevard County is in the Eastern time zone (GMT -5).

The Merritt Island Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Merritt Island Census Designated Place is located within Space Center CCD of Brevard County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Merritt Island, FL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	34,438 (100%)
Population in Households	34,145 (99.1%)
Population in Families	26,809 (77.8%)
Population in Group Quarters¹	293 ( 0.9%)
Population Density	2,029
Diversity Index²	43


INCOME
Median Household Income	$91,701
Average Household Income	$131,962
% of Income for Mortgage⁴	31%
Per Capita Income	$57,762
Wealth Index⁵	153
Socioeconomic Status Index⁶	Moderate (58.0)

HOUSING
Total HU (Housing Units)	16,337 (100%)
Owner Occupied HU	11,623 (71.1%)
Renter Occupied HU	3,447 (21.1%)
Vacant Housing Units	1,267 ( 7.8%)
Median Home Value	$453,275
Average Home Value	$545,526
Housing Affordability Index³	81

HOUSEHOLDS
Total Households	15,070
Average Household Size	2.27
Family Households	9,406
Average Family Size	3.00

NOTES

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.
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.
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Merritt Island, FL - Peer Comparisons by Rank and Percentile

The table below compares Merritt Island to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.05%	-0.15%
Households	0.06%	0.05%
Families		-0.10%
Median Household Income		3.56%
Per Capita Income		3.26%
Owner Occupied HU		0.70%

Variable Description	Rank	Percentile
Total Population	# 125	87th
Population Density	# 412	57th
Median Household Income	# 226	76th
Housing Affordability Index	# 510	53rd
Per Capita Income	# 177	82nd
Diversity Index	# 664	30th

Merritt Island, FL Profile: Facts & Data

Merritt Island, Florida - Basic Facts

Merritt Island, FL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Merritt Island, FL - Peer Comparisons by Rank and Percentile

Merritt Island, FL - Most Popular Things to Do

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