Last updated: 2024 BLS data · Page refreshed:
Palmetto Bay has a population of 24,639 with a median age of 41.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 24,639 |
| Median Age | 41.0 |
| White | 49.3% |
| Black or African American | 4.5% |
| Asian | 4.4% |
| Hispanic or Latino | 51.1% |
The median household income in Palmetto Bay is $142,447, which is 76.7% above the national median of $80,610. The per capita income is $70,313. The poverty rate is 5.8%.
Tools that help you land a better-paying role — wherever you live. · Sponsored - see disclosure.
In Palmetto Bay, 92.9% of residents age 25+ have a high school diploma or higher, and 60.1% hold a bachelor's degree or higher (27.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.9% |
| Bachelor's Degree or Higher | 60.1% |
| Graduate or Professional Degree | 27.0% |
The median home value in Palmetto Bay is $879,700, above the national median of $303,400. The median monthly rent is $2,101. The homeownership rate is 78.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $879,700 |
| Median Monthly Rent | $2,101 |
| Homeownership Rate | 78.2% |
| Vacancy Rate | 6.1% |
Explore salary data for popular occupations in Florida:
Find resources to help plan your move, explore homes, and compare insurance rates in Florida.
Free data-driven updates on cities, salaries & cost of living — no spam, unsubscribe anytime.
Join Americans who use data to make smarter decisions. Privacy Policy