Merritt Island, FL
Population 34,718 · Florida
About Merritt Island, FL
Merritt Island is a mid-sized city in Florida with a population of 34,718 residents. The median household income is $91,020 per year, which is above the national average. The median age in Merritt Island is 49.8 years.
Housing in Merritt Island has a median home value of $379,700 and median monthly rent of $1,348. Of the 16,816 total housing units, the majority are owner-occupied, with 11,227 owner-occupied and 2,640 renter-occupied units.
The unemployment rate in Merritt Island is 4.2% and the poverty rate is 7.4%. 41.8% of residents hold a bachelor's degree or higher. The average commute time is 24.5 minutes.
Cost of Living in Merritt Island, FL
Compared to national averages, Merritt Island has a median household income of $91,020 (21% above the national median of $75,149). Home values average $379,700, which is 55% above the national median. Monthly rent at $1,348 is 16% above the US average of $1,163. Within Florida, Merritt Island's income is 20% above the state average of $75,893, and home values are 7% above the state median of $353,675.
Why Live in Merritt Island, FL?
Merritt Island offers a strong local economy with a median household income of $91,020, well above the national average, and a well-educated community where 41.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.4%, better than the national average. Additionally, the city features short commute times averaging just 24.5 minutes.
Potential considerations include a competitive housing market where the typical home costs $379,700. However, Merritt Island’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Merritt Island has a population of 34,718 with a median age of 49.8 years. Compare Merritt Island with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Merritt Island
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Golden Glades | 35,042 | $49,932 | $346,900 | Compare |
| Panama City | 34,211 | $61,125 | $243,200 | Compare |
| Cooper City | 34,166 | $122,565 | $555,800 | Compare |
| Kendall West | 35,492 | $66,858 | $377,800 | Compare |
| Fruit Cove | 35,609 | $137,906 | $451,600 | Compare |
| Carrollwood | 35,645 | $76,723 | $366,200 | Compare |
| Egypt Lake-Leto | 35,709 | $53,599 | $296,100 | Compare |
| Parkland | 35,799 | $200,156 | $896,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Merritt Island
What is the population of Merritt Island, FL?
The population of Merritt Island, FL is 34,718 according to the latest Census data.
What is the median household income in Merritt Island?
The median household income in Merritt Island, FL is $91,020 per year.
What is the median home value in Merritt Island?
The median home value in Merritt Island, FL is $379,700.
What is the average rent in Merritt Island?
The median monthly rent in Merritt Island, FL is $1,348.
What is the unemployment rate in Merritt Island?
The unemployment rate in Merritt Island, FL is 4.2%.