CITY
Palmetto Bay
Florida · 24,886 residents (2025 est.) · 8.29 sq mi
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The short version
Palmetto Bay is a city of 24,639 people in Florida. Households here earn about 91% more than in Florida as a whole. Median home value sits at $879,700. 60% of adults hold a bachelor's degree, against 36% nationally. The foreign-born share is 32%. Few US cities rank higher on income.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 41.0
US median: 38.9
More educated
60% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
24,639
+2%since 2023
from 24,247 in 2023
24,886 in 2025 (Census Bureau estimate)
2009 – 2025
Land area
8.29 sq mi
Population, 2009 – 2024
202425K
Age distribution, 2024
Under 57.2%(1,768)
5 to 96.2%(1,520)
10 to 147%(1,717)
15 to 195.3%(1,309)
20 to 244.8%(1,194)
25 to 3411%(2,720)
35 to 4413.4%(3,291)
45 to 5413.8%(3,395)
55 to 6415.9%(3,917)
65 to 748.8%(2,166)
75 to 844.2%(1,039)
85 and over2.4%(603)
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02
Income & economy
$142,447
−3%inflation adjusted, since 2023
from $143,368 in 2023
US average: $82,259
2009 – 2024
Households earning $100K+
73.1%
−0.8 ptssince 2023
from 74.0% in 2023
US average: 53.3%
Workforce by industry, 2024
Information12%
Other services8.8%
Wholesale trade6.9%
Retail trade5.8%
Public administration5.8%
Finance & insurance4.6%
Professional, scientific, technical4.3%
Transportation & warehousing3.1%
Arts, entertainment, food1.8%
Education & health services0.3%
Agriculture, forestry, fishing0.2%
Construction0.2%
Manufacturing0%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03
Housing
$879,700
+9%inflation adjusted, since 2023
from $787,000 in 2023
US average: $376,019
2009 – 2024
6.2
+13%since 2023
from 5.5 in 2023
2009 – 2024
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
59
Our index, 0 to 100. Higher means faster recent growth in incomes, home values, and college degrees.
Section 04
Race & ethnicity
2023
White, non-Hispanic38.9%(9,429)
Black3.8%(929)
Hispanic / Latino48.5%(11,762)
Asian4.4%(1,067)
Other4.4%(1,060)
2024
White, non-Hispanic36.3%(8,945)
Black4.3%(1,059)
Hispanic / Latino51.1%(12,594)
Asian4.1%(1,018)
Other4.2%(1,023)
75
−1%since 2023
from 76 in 2023
2009 – 2024
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
Section 04 · Origins
Detailed origins & ancestry
Hispanic origin
Cuban22.7%(5,582)
South American12.6%(3,103)
Central American6.3%(1,558)
Colombian4.5%(1,100)
Venezuelan3.3%(805)
Nicaraguan3%(728)
Puerto Rican2.7%(668)
Salvadoran2.2%(549)
Mexican2%(485)
Spaniard1.6%(398)
Peruvian1.6%(390)
Dominican1.5%(372)
+ 9 more hispanic origin groups with data
Bolivian1.1%(265)
Chilean0.9%(230)
Argentine0.9%(218)
Guatemalan0.4%(102)
Honduran0.4%(90)
Ecuadorian0.3%(75)
Costa Rican0.2%(49)
Panamanian0.2%(40)
Uruguayan0.1%(20)
Asian origin
Chinese2.1%(525)
Asian Indian1.2%(294)
Filipino0.3%(81)
Korean0.1%(36)
Nepalese0.1%(31)
Vietnamese0.1%(19)
Japanese0%(11)
Uzbek0%(4)
Thai0%(1)
Ancestry
German9.8%(2,419)
English6.4%(1,569)
American6.2%(1,534)
Irish5.9%(1,442)
Italian5.4%(1,341)
French2.4%(591)
Greek2.2%(545)
Polish1.9%(471)
West Indian1.8%(443)
Russian1.6%(382)
Swiss1.2%(304)
Scottish1%(249)
+ 34 more ancestry groups with data
Jamaican0.9%(228)
Arab0.8%(202)
Swedish0.7%(176)
Portuguese0.6%(143)
British0.6%(137)
Norwegian0.5%(126)
Iranian0.5%(120)
Ukrainian0.5%(112)
Hungarian0.4%(98)
Lebanese0.4%(87)
Czech0.3%(71)
Belgian0.3%(63)
Bulgarian0.2%(59)
Danish0.2%(59)
Haitian0.2%(55)
Austrian0.2%(54)
Brazilian0.2%(54)
Welsh0.2%(54)
Scotch-Irish0.2%(51)
Trinidadian & Tobagonian0.2%(50)
Dutch0.2%(48)
Syrian0.2%(37)
Subsaharan African0.1%(28)
Jordanian0.1%(23)
French Canadian0.1%(23)
Slovene0.1%(23)
Romanian0.1%(21)
Palestinian0.1%(20)
Canadian0.1%(19)
Guyanese0.1%(14)
Moroccan0.1%(13)
Finnish0.1%(13)
Serbian0%(7)
Slovak0%(5)
Section 05
Education
High school or higher
92.9%
−1.6 ptssince 2023
from 94.6% in 2023
US average: 89.6%
Section 06
Commute & transportation
Section 07
Work & employment
Women 20-64 in the labor force
72.8%
US average: 74.6%
Section 08
People & community
Computer in household
98.1%
US average: 95.5%
Marital status
Men 15+
Never married28.1%(2,713)
Married62.2%(6,009)
Widowed2.6%(254)
Divorced7.1%(686)
Women 15+
Never married24.4%(2,431)
Married58.6%(5,841)
Widowed6.6%(657)
Divorced10.5%(1,043)
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
Section 09
Health coverage
Direct-purchase
20.6%
US average: 13.8%
VA health care
1.1%
US average: 2.2%
Any private
83.0%
US average: 67.1%
Any public
20.7%
US average: 36.7%
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)27.5%(233)
Gulf War (1990s)34.4%(292)
Vietnam era19.1%(162)
Korean War6.1%(52)
World War II0%(0)
Share of the 848 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
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Frequently asked
How many people live in Palmetto Bay, Florida?
Palmetto Bay, Florida has about 24,639 residents according to the 2024 American Community Survey.
What is the median household income in Palmetto Bay, Florida?
The typical household in Palmetto Bay, Florida earns about $142,447 a year. Half of households make more than that, and half make less.
Is Palmetto Bay, Florida expensive?
In Palmetto Bay, Florida, the median home is worth about $879,700, and the typical rent is about $2,101 a month.
How educated are people in Palmetto Bay, Florida?
About 60.1% of adults age 25 and over in Palmetto Bay, Florida hold a bachelor's degree or higher.
What is the poverty rate in Palmetto Bay, Florida?
About 5.8% of people in Palmetto Bay, Florida live below the federal poverty line.
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FloridaDATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024