NAICS 62

Healthcare and Social Assistance in Palm Bay-Melbourne-Titusville, FL

Metro Market Score 38.4 (Moderate), ranked #62 of 248 metros. 2,136 establishments, 33,411 jobs.

Metro Market Assessment

Metro Market Score 38.4
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national healthcare and social assistance average.

Palm Bay-Melbourne-Titusville has a relatively low concentration of healthcare and social assistance firms (index: 32.3) paired with positive employment growth. This suggests an underpenetrated market where demand may outpace current supply.

Industry Concentration
32.3
LQ: 0.96
Rank #80 of 248 metros
Wage Competitiveness
44.4
$61,732 avg wage
Growth Trend
↑ 60.5
Employment growth index
Rank #99 of 248 metros
Wage Pressure
37.1
YoY wage change index

2,136 Healthcare and Social Assistance Firms in Palm Bay-Melbourne-Titusville

2,136
Establishments
+4.4% YoY
33,411
Total Employment
+4.0% YoY
$61,732
Average Annual Wage
+2.3% YoY
0.96
Location Quotient
Below national avg

Palm Bay-Melbourne-Titusville vs Florida Statewide

How this metro's healthcare and social assistance market compares to Florida overall. The state ranks #37/51 for entry risk.

Measure Palm Bay-Melbourne-Titusville FL Statewide
Overall Score 38.4 Moderate 47.2 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #62 of 248 metros #37 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Palm Bay-Melbourne-Titusville

Real Estate and Rental and Leasing 38.7 Finance and Insurance 41.4 Information 42.0 Retail Trade 47.7 Other Services 48.6 Professional, Scientific, and Technical Services 54.1 Accommodation and Food Services 57.6 Construction 64.4 Administrative and Support Services 75.0

Healthcare and Social Assistance in Other Florida Metros

Crestview-Fort Walton Beach-Destin 30.9 #23/248 Lakeland-Winter Haven 31.4 #25/248 Cape Coral-Fort Myers 31.8 #27/248 Naples-Marco Island 45.1 #100/248 Orlando-Kissimmee-Sanford 47.1 #113/248 Ocala 47.4 #117/248 Sebastian-Vero Beach-West Vero Corridor 49.5 #131/248 Deltona-Daytona Beach-Ormond Beach 49.9 #132/248 North Port-Bradenton-Sarasota 50.2 #134/248 Miami-Fort Lauderdale-West Palm Beach 52.4 #152/248

+ 8 more metros. View all in Florida →

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Palm Bay-Melbourne-Titusville's healthcare and social assistance sector, the employment growth component (39.5) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.