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CITY · 2020 ACS

Palmetto

Florida · 13,323 residents · 5.366 sq mi
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The short version

Palmetto has notably lower household income than the US average, with a median household income of $46,910. Population has held roughly steady since 2000. Median home value has more than doubled since 2000, reaching $161,300. With a median age of 49.9, the population is older than the US median of 38.8. The poverty rate of 21.4% is well above the national figure.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 49.9
US median: 38.8
Less educated
22% hold a bachelor's degree
US average: 33%
Less affordable
home values up 44%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
13,323
+6%since 2000
from 12,571 in 2000
1990 – 2025
Population density
2,483 / sq mi
+6%since 2000
from 2,343 / sq mi in 2000
US average: 280
Median age
49.9
+36%since 2000
from 36.8 in 2000
US average: 38.8
Population, 1990 – 2024
9K10K12K13K15K1990201020202024Palmetto
202414K
1990201020202024
Section 02

Income & economy

Median household income
$46,910
−8%inflation adjusted, since 2000
from $34,093 in 2000
US average: $66,278
1990 – 2024
Per capita income
$28,145
+59%since 2000
from $17,724 in 2000
US average: $35,364
Households earning $100K+
30.0%
+12.9 ptssince 2009
from 17.1% in 2009
US average: 43.9%
Poverty rate
21.4%
+7.4 ptssince 2000
from 13.9% in 2000
US average: 12.8%
Workforce by industry, 2020
Information15.8%
US avg: 11.1%
Retail trade10.9%
US avg: 10%
Wholesale trade9.5%
US avg: 6.7%
Other services5.9%
US avg: 6.6%
Public administration3.7%
US avg: 4.7%
Transportation & warehousing3.2%
US avg: 2.5%
Finance & insurance3.2%
US avg: 5.5%
Agriculture, forestry, fishing3%
US avg: 1.7%
Construction3%
US avg: 1.2%
Professional, scientific, technical2.7%
US avg: 4.7%
Arts, entertainment, food1%
US avg: 2%
Education & health services0.5%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$161,300
+44%inflation adjusted, since 2000
from $74,500 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$994
+32%inflation adjusted, since 2000
from $501 in 2000
US average: $1,124
Owner-occupied
67.6%
−3.4 ptssince 2000
from 71.0% in 2000
32.4% rent
Afford Score
3.4
+57%since 2000
from 2.2 in 2000
1990 – 2024
RELATED:See current rent listings in Palmetto on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic59.3%(7,449)
Black12.3%(1,547)
Hispanic / Latino26.7%(3,358)
Asian0.4%(44)
Other0%
Diversity Score68.8%(8,644)
2020
White, non-Hispanic57.6%(7,680)
Black9.9%(1,323)
Hispanic / Latino28.2%(3,755)
Asian0.7%(94)
Other1.4%(186)
Diversity Score69.9%(9,318)
Diversity Score
70
+2%since 2000
from 69 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
22.0%
+10.4 ptssince 2000
from 11.6% in 2000
US average: 32.9%
High school or higher
81.2%
+15.0 ptssince 2000
from 66.2% in 2000
US average: 88.5%
Graduate degree
8.5%
+4.0 ptssince 2000
from 4.6% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
24.1 min
+63%since 2000
from 14.8 min in 2000
US average: 26.9
Drive alone to work
70.9%
−2.1 ptssince 2009
from 72.9% in 2009
US average: 75.1%
No vehicle available
5.9%
−3.1 ptssince 2009
from 9.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
9.4%
−1.1 ptssince 2011
from 10.5% in 2011
US average: 5.4%
Labor force participation
51.3%
−4.0 ptssince 2011
from 55.2% in 2011
US average: 63.4%
Management & professional
33.4%
−21.2 ptssince 2009
from 54.6% in 2009
US average: 39.3%
Section 08

People & community

Male
49.7%
+1.5 ptssince 2009
from 48.2% in 2009
Female
50.3%
−1.5 ptssince 2009
from 51.8% in 2009
Foreign born
15.4%
+3.5 ptssince 2009
from 11.9% in 2009
US average: 13.5%
Uninsured
15.1%
−64.9 ptssince 2013
from 80.0% in 2013
US average: 8.8%
Drill deeper

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Compare Palmetto to nearby cities

PALMETTO VS
Memphis
Income$74,839+60%
Home value$313,800+95%
Population9,185−32%
SEE FULL COMPARISON →
PALMETTO VS
Bradenton
Income$60,822+30%
Home value$309,400+92%
Population58,014+328%
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PALMETTO VS
South Bradenton
Income$48,315+3%
Home value$167,200+4%
Population25,990+92%
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PALMETTO VS
Bayshore Gardens
Income$44,958−4%
Home value$181,400+12%
Population18,131+34%
SEE FULL COMPARISON →
Frequently asked

How many people live in Palmetto, Florida?

Palmetto, Florida has about 13,323 residents according to the 2020 American Community Survey.

What is the median household income in Palmetto, Florida?

The typical household in Palmetto, Florida earns about $46,910 a year. Half of households make more than that, and half make less.

Is Palmetto, Florida expensive?

In Palmetto, Florida, the median home is worth about $161,300, and the typical rent is about $994 a month.

How educated are people in Palmetto, Florida?

About 22.0% of adults age 25 and over in Palmetto, Florida hold a bachelor's degree or higher.

What is the poverty rate in Palmetto, Florida?

About 21.4% of people in Palmetto, Florida live below the federal poverty line.

Has Palmetto, Florida grown since 1990?

Yes, Palmetto, Florida has grown since 1990. The population has added about 4,055 residents, a change of about 44 percent over that period.

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

How we source and harmonize this data →