Nestled within the charming landscapes of Brevard County, Florida, lies a true gem – the town of Malabar. With its captivating blend of natural beauty and rich history, Malabar has emerged as a captivating location that boasts more than meets the eye. As we delve into the demographics of this captivating town, we will uncover a tapestry of population growth, household prosperity, housing dynamics, and unique age distributions that make Malabar truly special.
Population Growth
Malabar’s population is in a constant state of growth, showcasing an annual rate of 1.79%. In 2023, the population stands at 3,127, a remarkable 5.46% increase from the 2020 census figure of 2,965. This surge is an intriguing testament to the town’s allure.
The reasons behind this population upsurge are multifaceted, ranging from the town’s captivating landscapes to its reputation as a welcoming community for families and retirees alike. The town’s strategic location, nestled between urban convenience and natural serenity, undoubtedly contributes to its population’s steady rise.
Household Income
Malabar not only captivates with its landscapes but also offers financial stability to its residents. The average household income of $89,290 is a testament to the town’s economic prosperity. This figure is a reflection of various factors, including the town’s thriving local businesses, its position within a growing county, and its attractive housing market.
Comparing this income level with neighboring areas or the national average underscores Malabar’s economic strength, further highlighting its status as a hidden treasure.
Poverty Rate
With a low poverty rate of 4.35%, Malabar stands as a haven of economic stability. This figure reflects the town’s commitment to fostering an environment where residents have access to opportunities that uplift their quality of life. Initiatives and programs aimed at alleviating poverty play a vital role in maintaining this remarkable statistic, demonstrating the town’s dedication to the well-being of its residents.
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Housing
The housing landscape in Malabar is equally intriguing. The median rental costs have averaged – per month in recent years, a figure influenced by a blend of location, amenities, and demand. The median house value is -, reflecting the town’s desirability for homeowners and real estate investors.
Comparing these figures with those of nearby areas or the national average emphasizes Malabar’s unique position as a real estate and housing destination.
Age Distribution
The town’s age distribution adds another layer to its uniqueness. With a median age of 55.2 years, Malabar exhibits a community that treasures its history and values its peaceful surroundings. This age distribution extends to gender, with males having a median age of 52.4 years and females a median age of 56.6 years.
This older demographic tells a story of a community that appreciates the tranquility and charm that Malabar offers, making it an inviting haven for those seeking a serene lifestyle.
Conclusion
In conclusion, Malabar, FL, is more than just a dot on the map; it’s a living testament to the harmony between nature, history, and prosperity. The captivating demographics unveiled in this exploration – from the steady population growth to the stable household incomes, low poverty rates, unique housing dynamics, and distinctive age distribution – together form the essence of Malabar’s hidden treasures.
As you reflect on these demographic facets, you’re invited to explore the town firsthand, to witness the harmony of its natural surroundings and the warmth of its community. Malabar’s allure lies not only in its picturesque landscapes but in its ability to paint a life that blends the past with the present, forming a canvas of serenity and prosperity.
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