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Merritt Island, FL

Merritt Island, Florida is a small city with a population of approximately 36,000. Retirees make up a greater percentage of the population (23%) here than nationally (14%), while young adults figure less prominently in the demographics. With an average age of just over 45, the city's residents are older than most cities in Florida. The majority of Merritt Island residents own their homes, and 26% of residents rent. At $1,064 per month, the average rent is just below the state average.

Compared to the national average (7%), Merritt Island has a relatively high concentration of residents older than 25 with advanced degrees, as 8% have earned a Master's or a Doctoral degree. Further, 15% have earned a Bachelor's degree. There are three primary industries in Merritt Island: retail, entertainment, and healthcare. Together, these industries make up 16% of the city's workforce. Meanwhile, looking at job function, many residents work in management, as 6% of the city's population reports this as their field of work, the highest number of any field. Merritt Island workers earn an average annual income of about $73,000, around $6,000 more than the average Florida resident. However, the city's average income is fairly average compared to the national level of $73,345.

Averaging about 25 minutes, the commute time for Merritt Island residents is faster than the Florida average of about 29 minutes. Many residents (39%) commute to work by car or truck, while public transportation isn't extensively used. Walking isn't a common way to get to work.

Average Rent in Merritt Island

Studio1 Bed2 Bed3 Bed
Dec 19$630$750$820$945
Oct 19645750810945
Sep 19585702785925
Aug 19585702785925
Jul 19585702785925
Jun 19585702785925
May 19585702785925
Apr 19585702785925
Mar 19585702785925
Feb 19585702785925
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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