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
median household income $142,447, above the US median
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)
US avg: 26.4%
Gulf War (1990s)34.4%(292)
US avg: 24.3%
Vietnam era19.1%(162)
US avg: 33.1%
Korean War6.1%(52)
US avg: 4.5%
World War II0%(0)
US avg: 1%
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
Over time
Palmetto Bay, decade by decade
Palmetto Bay population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
2010
23,410
$147,898
$724,752
48.8%
75.1
2020
24,439
$149,366
$709,770
59.4%
76.5
2024
24,639
$142,447
$879,700
60.1%
75.2
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
