COMPARING TWO PLACES
Palmetto vs Memphis
PLACE A
Palmetto, Florida
VS
PLACE B
Memphis, Florida
Palmetto is 48% larger than Memphis. Memphis earns more, with a median household income $12,218 higher. Memphis has grown faster since 2000 (15% vs 6%).
PALMETTOMEMPHISDIFFERENCE
Total population13,5629,185+48% vs Memphis
Population density2,5272,824−297
Population growth5.7%15.0%−9.3 pts
Median age49.836.7+13.1
Male47.4%51.4%−4.0 pts
Female52.6%48.6%+4.0 pts
Foreign-born10.4%16.0%−5.6 pts
White, non-Hispanic62.7%35.4%+27.3 pts
Black10.5%28.6%−18.1 pts
Hispanic / Latino23.7%31.5%−7.8 pts
Asian0.1%1.2%−1.1 pts
Other3.0%3.3%−0.3 pts
Median household income$62,621$74,839−$12,218
Per capita income$39,890$35,148+$4,742
Poverty rate13.5%14.2%−0.7 pts
Income inequality (Gini)0.5110.481+0.0
Bachelor's degree or higher28.1%22.5%+5.6 pts
Graduate degree8.1%7.4%+0.6 pts
Unemployment rate2.6%8.1%−5.6 pts
Labor force participation52.8%69.6%−16.8 pts
Median home value$313,400$313,800−$400
Median gross rent$1,366$1,173+$193
Owner-occupied68.8%81.2%−12.4 pts
Housing vacancy rate25.9%23.3%+2.6 pts
Rent-burdened households55.6%56.2%−0.7 pts
Average commute25.526.9−1.4
Worked from home11.0%6.4%+4.6 pts
Public transit to work0.4%0.0%+0.4 pts
Uninsured15.0%12.4%+2.6 pts
Population, 1990 – 2024