Median Household Income
$142,447 ± $9,768
Median Home Value
$879,700 ± $24,415
Median Gross Rent
$2,101 ± $274/mo
Per Capita Income
$70,313
Poverty Rate
5.8%
Unemployment Rate
2.7%
Homeownership Rate
78.2%
Bachelor's Degree or Higher
60.1%
Median Age
41.0
Average Commute
28 min
Households
8,150
Veterans
848
Population Over Time
Palmetto Bay grew 1.8% from 2014 to 2024.
2014
24,214
2016
24,522
2018
24,564
2020
24,308
2022
24,267
2024
24,639
Population by Race & Ethnicity
White
49.3%
Hispanic or Latino
51.1%
Black or African American
4.5%
Asian
4.4%
Nearby Cities in Florida
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.