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CITY

Palmetto Estates

Florida · 16,129 residents · 2.158 sq mi
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Notable rankings
#71Most foreign-born residentsof 6,82649.1%
The short version

Palmetto Estates has roughly average household income, with a median household income of $82,064. Population has grown 18% since 2000. Median home value has more than tripled since 2000, reaching $445,900.

At a glance
Average income
near the US median
US median: $82,259
Older
median age 42.9
US median: 38.9
Less educated
25% hold a bachelor's degree
US average: 36%
Less affordable
home values up 137%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
16,129
+18%since 2000
from 13,675 in 2000
1990 – 2024
Population density
7,474 / sq mi
+18%since 2000
from 6,337 / sq mi in 2000
US average: 281
Median age
42.9
+31%since 2000
from 32.8 in 2000
US average: 38.9
Population, 1990 – 2024
12K13K15K16K17K1990201020202024Palmetto Estates
202416K
1990201020202024
Section 02

Income & economy

Median household income
$82,064
−7%inflation adjusted, since 2000
from $48,338 in 2000
US average: $82,259
1990 – 2024
Per capita income
$28,742
+72%since 2000
from $16,701 in 2000
US average: $44,673
Households earning $100K+
57.4%
+22.0 ptssince 2009
from 35.4% in 2009
US average: 53.3%
Poverty rate
11.6%
+0.7 ptssince 2000
from 10.9% in 2000
US average: 12.5%
Income inequality (Gini)
0.403
+9%since 2010
from 0.370 in 2010
US average: 0.476
Workforce by industry, 2024
Information12.5%
US avg: 10.8%
Finance & insurance10.6%
US avg: 5.9%
Professional, scientific, technical9.5%
US avg: 5.1%
Wholesale trade8.6%
US avg: 6.9%
Other services7.5%
US avg: 6.7%
Public administration5.3%
US avg: 4.8%
Retail trade3.2%
US avg: 9.9%
Arts, entertainment, food1.2%
US avg: 1.9%
Transportation & warehousing1.1%
US avg: 2.2%
Education & health services1.1%
US avg: 0.9%
Agriculture, forestry, fishing0.2%
US avg: 1.6%
Construction0.2%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$445,900
+137%inflation adjusted, since 2000
from $103,400 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,948
+45%inflation adjusted, since 2000
from $739 in 2000
US average: $1,442
Owner-occupied
86.3%
+2.7 ptssince 2000
from 83.7% in 2000
13.7% rent
Vacancy rate
1.1%
−6.8 ptssince 2009
from 7.9% in 2009
US average: 10.0%
Owner cost-burdened
37.4%
−12.2 ptssince 2009
from 49.6% in 2009
US average: 22.9%
Renter cost-burdened
62.4%
+28.8 ptssince 2009
from 33.6% in 2009
US average: 47.4%
Afford Score
5.4
+154%since 2000
from 2.1 in 2000
1990 – 2024
Gentrification Score
45
RELATED:See current rent listings in Palmetto Estates on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic16.9%(2,311)
Black46.8%(6,405)
Hispanic / Latino28.9%(3,953)
Asian3%(409)
Other0%
Diversity Score79.6%(10,881)
2024
White, non-Hispanic5.8%(938)
Black32.3%(5,202)
Hispanic / Latino57.9%(9,340)
Asian1.2%(188)
Other2.9%(461)
Diversity Score69.5%(11,216)
Diversity Score
70
−13%since 2000
from 80 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
25.1%
+5.1 ptssince 2000
from 20.0% in 2000
US average: 35.6%
High school or higher
83.7%
+2.0 ptssince 2000
from 81.7% in 2000
US average: 89.6%
Graduate degree
8.2%
−0.1 ptssince 2000
from 8.4% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
34.4 min
+36%since 2000
from 25.3 min in 2000
US average: 26.5
Drive alone to work
80.4%
−0.8 ptssince 2009
from 81.2% in 2009
US average: 68.9%
Carpooled to work
10.4%
+3.6 ptssince 2009
from 6.7% in 2009
US average: 8.5%
Public transit
2.1%
−4.7 ptssince 2009
from 6.8% in 2009
US average: 3.2%
Worked from home
4.5%
+1.6 ptssince 2009
from 2.9% in 2009
US average: 15.0%
Walked to work
0.0%
−0.4 ptssince 2009
from 0.4% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
6.2%
+1.1 ptssince 2009
from 5.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.6%
−5.2 ptssince 2011
from 9.8% in 2011
US average: 5.2%
Labor force participation
59.9%
−9.1 ptssince 2011
from 69.1% in 2011
US average: 63.5%
Self-employed
8.3%
−12.3 ptssince 2009
from 20.6% in 2009
US average: 13.1%
Management & professional
32.5%
−30.7 ptssince 2009
from 63.2% in 2009
US average: 42.5%
Section 08

People & community

Male
46.5%
+2.7 ptssince 2009
from 43.9% in 2009
Female
53.5%
−2.7 ptssince 2009
from 56.1% in 2009
Foreign born
49.1%
+10.6 ptssince 2009
from 38.6% in 2009
US average: 14.1%
Veterans
2.7%
−42.2 ptssince 2009
from 44.9% in 2009
US average: 6.2%
With a disability
11.7%
+2.5 ptssince 2012
from 9.2% in 2012
US average: 13.3%
Uninsured
16.4%
−55.8 ptssince 2013
from 72.2% in 2013
US average: 8.4%
Broadband at home
94.5%
+10.4 ptssince 2017
from 84.1% in 2017
US average: 91.0%
English only at home
38.7%
−6.2 ptssince 2016
from 44.9% in 2016
US average: 77.7%
Spanish at home
54.1%
+3.9 ptssince 2016
from 50.2% in 2016
US average: 13.6%
Drill deeper

Places similar to Palmetto Estates

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Head to head

Compare Palmetto Estates to nearby cities

PALMETTO ESTATES VS
Richmond Heights
Income$67,606−18%
Home value$378,100−15%
Population9,992−38%
SEE FULL COMPARISON →
PALMETTO ESTATES VS
West Perrine
Income$66,997−18%
Home value$411,500−8%
Population11,162−31%
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PALMETTO ESTATES VS
Palmetto Bay
Income$142,447+74%
Home value$879,700+97%
Population24,886+54%
SEE FULL COMPARISON →
PALMETTO ESTATES VS
Three Lakes
Income$102,306+25%
Home value$481,300+8%
Population16,888+5%
SEE FULL COMPARISON →
Frequently asked

How many people live in Palmetto Estates, Florida?

Palmetto Estates, Florida has about 16,129 residents according to the 2024 American Community Survey.

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

The typical household in Palmetto Estates, Florida earns about $82,064 a year. Half of households make more than that, and half make less.

Is Palmetto Estates, Florida expensive?

In Palmetto Estates, Florida, the median home is worth about $445,900, and the typical rent is about $1,948 a month.

How educated are people in Palmetto Estates, Florida?

About 25.1% of adults age 25 and over in Palmetto Estates, Florida hold a bachelor's degree or higher.

What is the poverty rate in Palmetto Estates, Florida?

About 11.6% of people in Palmetto Estates, Florida live below the federal poverty line.

Has Palmetto Estates, Florida grown since 1990?

Yes, Palmetto Estates, Florida has grown since 1990. The population has added about 3,836 residents, a change of about 31 percent over that period.

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

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