Population
24,247 residents
Census ACS 2023 — Florida
City profile · Florida · Census ACS 2023
Palmetto Bay, FL
Population, income, housing, safety, climate and schools for Palmetto Bay — drawn straight from Census ACS, FBI UCR, NOAA, NCES, HUD and FEMA, refreshed on the 2024–2025 release cycle.
- 24,247
- Residents
- $143,368
- Median income
- $787,000
- Median home
- $1,526
- Median rent
Data Snapshot: Palmetto Bay, FL
Palmetto Bay is a city in Florida with a population of 24,247 residents based on U.S. Census Bureau ACS 2023 estimates. Median household income here reaches $143,368 per year, while the poverty rate sits at 5.0%. Typical homes in Palmetto Bay are valued around $787,000, and the median resident age is 41.6 years. About 61.5% of adults hold a bachelor's degree or higher, while 64.8% of working-age residents are in the labor force.
Housing supply pressure shows in Census Building Permit Survey data: 16 residential units were authorized in 2024 (Building Boom), up 220% from five years earlier.
On a cost-of-living index where 100 equals the national average, Florida registers 103.4 (Near Average) per BEA Regional Price Parities 2024. HUD Fair Market Rent for a typical two-bedroom in this state is $1,526 per month. Average monthly utility bills run around $225 based on EIA 2023 residential energy data. FEMA's National Risk Index rates natural-hazard exposure at 75.7 out of 100 (High).
According to the U.S. Census Bureau's 2023 American Community Survey (ACS) 5-year estimates, PlainCities renders standardized city-level demographic, income, education, employment, and housing indicators across more than 19,000 incorporated places nationwide. Population counts and median household income figures are sourced directly from Census Table B01003 and B19013 respectively, with poverty rates from B17001 and cost-of-living adjustments from the Bureau of Economic Analysis (BEA) Regional Price Parities (RPP) 2024 release. Every value displayed in this snapshot links back to the official upstream tables and is refreshed on the ACS annual release cadence (typically December of the survey year + 1).
Methodology: city boundaries follow the Census Bureau's place-level geography (incorporated places, census-designated places, and consolidated city-county governments), with FIPS codes ensuring consistent identifiers across decennial and annual surveys. Cost-of-living comparisons use BEA's Regional Price Parities (RPP) indexed to the national average (100), enabling cross-city purchasing-power comparisons. See our methodology page for full source attribution, refresh cadence, and known data quality limitations including margin-of-error disclosure and sample-size thresholds.
Median Household Income
$143,368 /yr
Poverty 5.0%
Cost of Living Index
103.4 (US=100)
Near Average — BEA RPP 2024
How does Palmetto Bay compare to other US cities?
Where Palmetto Bay sits among all US cities (population 1,000+) on each measure — computed live from Census and FBI data.
Household income 93% higher than other cities
Home value 94% pricier than other cities
Median rent 73% pricier than other cities
Percentiles compare Palmetto Bay against every US city with at least 1,000 residents. "Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.
Income distribution context
Key socioeconomic indicators
Bachelor's degree or higher (adults 25+) 61.5%
Census ACS S1501 — educational attainment
Poverty rate (households below FPL) 5.0%
Census ACS S1701 — poverty status
Labor force participation (adults 16+) 64.8%
Census ACS S2301 — share of working-age residents in the labor force
Population
24,247
Median Income
$143,368
Median Home Value
$787,000
Median Age
41.6
Poverty Rate
5.0%
Labor force participation
64.8%
Bachelor's Degree+
61.5%
Schools
Total Schools
3
Public schools in this city
Housing Supply
Census Bureau Building Permits Survey (BPS) — annual residential permits authorized
📈 Building Boom
Total Permits (2024)
16
housing units authorized
Single-Family
7
detached homes
Multifamily
9
apartments & condos
Supply Intensity
0.7
permits per 1,000 residents
5-Year Permit Trend (2019–2024)
| Year | Total |
|---|---|
| 2019 | 5 |
| 2020 | 3 |
| 2021 | 240 |
| 2022 | 65 |
| 2023 | 17 |
| 2024 | 16 |
Permit volume increased 220% from 2019 to 2024.
Commute Patterns
How workers travel to work — Census ACS 2023
Drive Alone
63.2%
Carpool
10.3%
Public Transit
2.2%
Walk
1.1%
Work from Home
19.6%
Other
3.6%
Based on 12,095 workers 16 and over.
Monthly Utility Costs
State-average estimates for Florida — EIA 2023 residential energy data
Electricity
$145
avg/month
Natural Gas
$25
avg/month
Water & Sewer
$55
avg/month
Total Utilities
$225
estimated/month
Estimates reflect Florida state averages. Actual costs vary by home size, usage, and local rates. Source: U.S. Energy Information Administration (EIA) 2023.
Living Costs & Risk
Florida state-level data from PlainCost, PlainRent, and PlainHazard
Cost of Living Index
103.4
Near Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$1,526/mo
HUD Fair Market Rent
State-level FMR estimate
Natural Hazard Risk
75.7 / 100
High
FEMA NRI composite score
Explore More Data for Palmetto Bay
Crime statistics in Palmetto Bay
FBI UCR crime rates and safety scores
Schools in Palmetto Bay
NCES public school data and enrollment
Rent prices in Florida
HUD Fair Market Rents by metro area
Cost of living in Florida
BEA regional price parity data
Climate normals
NOAA 30-year climate data
Air quality data
EPA air quality index data
Water quality data
EPA drinking water data
Natural disaster risk
FEMA & NOAA hazard data
Similar Cities in Florida
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Race & Ethnicity Composition
National-average reference values shown when city-level race/ethnicity table is not loaded. Source: Census ACS 5-year, OMB Directive 15 race-and-ethnicity categories.
How Palmetto Bay compares to nearby Florida cities
Census ACS 2023 — population and median income benchmarks
Side-by-side population + income comparison anchored on the current city (Palmetto Bay) plus the nearest peer cities in Florida, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).
FL
Palmetto Bay
143.37% top marginal rate
FL
Liberty Triangle
65.00% top marginal rate
FL
Wekiwa Springs
65.00% top marginal rate
FL
Oak Ridge
65.00% top marginal rate
Census ACS 5-year FIPS FL NCES CCD Census BPS 2024 OMB Bulletin 23-01
What do people ask about Palmetto Bay, FL?
What is the population of Palmetto Bay, FL? +
Palmetto Bay, FL has a population of 24,247 according to U.S. Census Bureau ACS 2023 estimates.
What is the median household income in Palmetto Bay, FL? +
The median household income in Palmetto Bay is $143,368 per year, based on Census ACS 2023 data.
What is the cost of living in Palmetto Bay? +
Palmetto Bay has a cost of living index of 103.4 (U.S. average = 100), rated "Near Average" based on BEA Regional Price Parities 2024 data.
What is the median home value in Palmetto Bay, FL? +
The median home value in Palmetto Bay is $787,000, according to Census ACS 2023 estimates.
Source: U.S. Census Bureau ACS 5-Year 2023, NCES CCD, Census BPS 2024, Census ACS B08301/B08136, U.S. Energy Information Administration (EIA) 2023, BEA Regional Price Parities 2024, HUD Fair Market Rents 2026, FEMA National Risk Index.
Read our methodology — how this data is sourced, computed, and verified.
Related
Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCities Editorial