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CITY · 2010 ACS

Palmetto Bay

Florida · 23,410 residents · 8.285 sq mi
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The short version

Palmetto Bay is significantly wealthier than the US average, with a median household income of $102,809. Population has held roughly steady since 2009. 49% of adults hold a bachelor's degree or higher, well above the national rate of 28%. Median home value is $503,800. Poverty is rare here, at 5.7% of residents. Households here earn about 116% more than the Florida median.

At a glance
Wealthier
above the US median
US median: $52,703
Older
median age 41.9
US median: 37.2
More educated
49% hold a bachelor's degree
US average: 28%
More affordable
home values down 7%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
23,410
Unchangedsince 2009
from 23,524 in 2009
2009 – 2025
Population density
2,826 / sq mi
Unchangedsince 2009
from 2,839 / sq mi in 2009
US average: 261
Median age
41.9
+10%since 2009
from 38.2 in 2009
US average: 37.2
Population, 2009 – 2024
23K24K24K24K25K200920202024Palmetto Bay
202425K
200920202024
Section 02

Income & economy

Median household income
$102,809
Unchangedinflation adjusted, since 2009
from $100,899 in 2009
US average: $52,703
2009 – 2024
Per capita income
$39,701
+2%since 2009
from $38,795 in 2009
US average: $27,286
Households earning $100K+
63.6%
−0.5 ptssince 2009
from 64.1% in 2009
US average: 33.3%
Poverty rate
5.7%
+1.2 ptssince 2009
from 4.6% in 2009
US average: 13.8%
Income inequality (Gini)
0.420
US average: 0.461
Workforce by industry, 2010
Other services10.8%
US avg: 7%
Information9.6%
US avg: 11.5%
Public administration8.6%
US avg: 4.9%
Wholesale trade7%
US avg: 7.2%
Finance & insurance6.3%
US avg: 5.1%
Transportation & warehousing4.5%
US avg: 3.1%
Professional, scientific, technical4.3%
US avg: 4.2%
Retail trade3.6%
US avg: 10.9%
Arts, entertainment, food2.6%
US avg: 2.4%
Education & health services2%
US avg: 0.9%
Agriculture, forestry, fishing0.2%
US avg: 1.9%
Construction0.2%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$503,800
−7%inflation adjusted, since 2009
from $532,100 in 2009
US average: $225,659
2009 – 2024
Median gross rent
$964
−4%inflation adjusted, since 2009
from $985 in 2009
US average: $853
Owner-occupied
64.4%
−22.6 ptssince 2009
from 87.0% in 2009
15.8% rent
Vacancy rate
7.7%
−0.5 ptssince 2009
from 8.2% in 2009
US average: 12.1%
Owner cost-burdened
37.9%
−3.4 ptssince 2009
from 41.2% in 2009
US average: 30.9%
Renter cost-burdened
58.6%
+6.0 ptssince 2009
from 52.7% in 2009
US average: 46.8%
Afford Score
4.9
−7%since 2009
from 5.3 in 2009
2009 – 2024
RELATED:See current rent listings in Palmetto Bay on RentDataNow
Section 04

Race & ethnicity

2009
White, non-Hispanic55.4%(13,030)
Black3.5%(817)
Hispanic / Latino35.9%(8,451)
Asian2.7%(640)
Other2.5%(586)
Diversity Score70.2%(16,513)
2010
White, non-Hispanic49.5%(11,593)
Black5.6%(1,313)
Hispanic / Latino38.6%(9,025)
Asian4.4%(1,032)
Other2.3%(535)
Diversity Score75.4%(17,660)
Diversity Score
75
+7%since 2009
from 70 in 2009
2009 – 2024
Section 05

Education

Bachelor's degree or higher
48.8%
−3.4 ptssince 2009
from 52.2% in 2009
US average: 27.9%
High school or higher
91.9%
−0.9 ptssince 2009
from 92.8% in 2009
US average: 84.9%
Graduate degree
20.5%
+0.2 ptssince 2009
from 20.2% in 2009
US average: 10.2%
Section 06

Commute & transportation

Average commute
32.9 min
US average: 25.2
Drive alone to work
78.9%
−0.6 ptssince 2009
from 79.5% in 2009
US average: 76.2%
Carpooled to work
9.8%
+0.7 ptssince 2009
from 9.1% in 2009
US average: 10.4%
Public transit
2.8%
−1.0 ptssince 2009
from 3.8% in 2009
US average: 4.7%
Worked from home
6.0%
+0.6 ptssince 2009
from 5.3% in 2009
US average: 4.1%
Walked to work
1.1%
+0.3 ptssince 2009
from 0.8% in 2009
US average: 2.8%
Biked to work
0.1%
+0.1 ptssince 2009
from 0.0% in 2009
US average: 0.5%
No vehicle available
2.6%
−0.6 ptssince 2009
from 3.2% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
16.7%
+0.9 ptssince 2009
from 15.8% in 2009
US average: 12.9%
Management & professional
50.3%
−23.8 ptssince 2009
from 74.1% in 2009
US average: 35.2%
Section 08

People & community

Male
46.7%
−0.8 ptssince 2009
from 47.4% in 2009
Female
53.3%
+0.8 ptssince 2009
from 52.6% in 2009
Foreign born
28.9%
+2.5 ptssince 2009
from 26.4% in 2009
US average: 12.8%
Veterans
6.9%
−40.0 ptssince 2009
from 46.9% in 2009
US average: 9.9%
Drill deeper

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PALMETTO BAY VS
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PALMETTO BAY VS
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PALMETTO BAY VS
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Frequently asked

How many people live in Palmetto Bay, Florida?

Palmetto Bay, Florida has about 23,410 residents according to the 2010 American Community Survey.

What is the median household income in Palmetto Bay, Florida?

The typical household in Palmetto Bay, Florida earns about $102,809 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 $503,800, and the typical rent is about $964 a month.

How educated are people in Palmetto Bay, Florida?

About 48.8% 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 5.7% of people in Palmetto Bay, Florida live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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