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
$2,436
Median rent (state)

Palmetto Bay - the verdict

Nationally, Palmetto Bay sits in the 93rd percentile for household income among US cities with a population of 1,000 or more. Source: Census ACS.

93rd
percentile, household income
94th
percentile, home value
91st
percentile, median rent
📝 How we sourced this

Population, income, and housing-cost figures come from the U.S. Census Bureau American Community Survey 5-year estimates (B-series tables). Crime data uses FBI UCR; climate uses NOAA Climate Normals; school counts come from NCES Common Core of Data; permits use the Census Building Permits Survey (BPS). See our methodology page for the full ETL pipeline and OMB / FIPS join keys.

Data Snapshot: Palmetto Bay, FL

Palmetto Bay is a small city in Florida, home to 24,247 residents per U.S. Census Bureau ACS 2023 estimates. The typical household in Palmetto Bay brings in $143,368 a year, placing it in the top quartile of U.S. cities for household income, with a poverty rate of 5.0%. Typical homes in Palmetto Bay are valued around $787,000, and the median resident age is 41.6 years. Educational attainment runs 61.5% of adults with a bachelor's degree or higher. Separately, 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.

Florida carries a cost-of-living premium: the state registers 103.4 on a 100-equals-national-average index (Above Average) per BEA Regional Price Parities 2024. HUD Fair Market Rent for a typical two-bedroom in this state is $2,436 per month. Statewide, average monthly utility bills in Florida run around $225, per EIA 2023 residential energy data. Natural-hazard exposure scores 99.6 out of 100 on FEMA's National Risk Index (Very High).

Population

24,247 residents

Census ACS 2023 - Florida

Median Household Income

$143,368 /yr

Poverty 5.0%

Cost of Living Index (state)

103.4 (US=100)

Above Average - BEA RPP 2024, Florida average

How does Palmetto Bay compare to other US cities?

Palmetto Bay measured against every US city with 1,000+ residents, computed live from the same Census and FBI data shown throughout this page.

Household income 93% higher than other cities
Home value 94% pricier than other cities
Median rent 91% pricier than other cities

"Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.

How we calculate these percentiles & ranks

Each percentile compares Palmetto Bay against every qualifying US city; each in-state rank narrows that to Florida only. Full formula and direction notes: methodology.

Florida-relative analysis

Median Home Value is Palmetto Bay's strongest outlier among Florida cities

Among the 894 Florida cities PlainCities tracks with reported median home value data, Palmetto Bay ranks #43 - the 95th percentile within the state. This is a different, narrower cut than the nationwide percentiles above: it compares Palmetto Bay only against its own state's cities, not the full US field.

Median Household Income
#29 of 903
97th percentile in Florida
Median Gross Rent
#10 of 930
93rd percentile in Florida
Median Home Value
#43 of 894
95th percentile in Florida
Poverty Rate
#621 of 930
32nd percentile in Florida
Bachelor's Degree or Higher
#46 of 930
95th percentile in Florida

Ranked by raw value (highest first); a higher rank is not automatically "better" for every measure, see each metric's own context above. This is a comparison within Florida only, not a livability score. See the methodology for the source and calculation.

93rdIncome percentile

93rd percentile nationally for median household income. Source: Census ACS 2023 / FBI UCR 2023.

How Palmetto Bay's home value compares nationally

Median home value vs. every US city (population 1,000+)

$787,000 6th percentile more affordable than 6% of 15,600 US cities

$0–$25,000: 5 US cities (0%). Below this entry. $25,000–$50,000: 54 US cities (0%). Below this entry. $50,000–$75,000: 352 US cities (2%). Below this entry. $75,000–$100,000: 1,086 US cities (7%). Below this entry. $100,000–$125,000: 1,516 US cities (10%). Below this entry. $125,000–$150,000: 1,170 US cities (8%). Below this entry. $150,000–$175,000: 1,278 US cities (8%). Below this entry. $175,000–$200,000: 1,229 US cities (8%). Below this entry. $200,000–$225,000: 1,035 US cities (7%). Below this entry. $225,000–$250,000: 976 US cities (6%). Below this entry. $250,000–$275,000: 754 US cities (5%). Below this entry. $275,000–$300,000: 712 US cities (5%). Below this entry. $300,000–$325,000: 521 US cities (3%). Below this entry. $325,000–$350,000: 526 US cities (3%). Below this entry. $350,000–$375,000: 465 US cities (3%). Below this entry. $375,000–$400,000: 393 US cities (3%). Below this entry. $400,000–$425,000: 317 US cities (2%). Below this entry. $425,000–$450,000: 300 US cities (2%). Below this entry. $450,000–$475,000: 307 US cities (2%). Below this entry. $475,000–$500,000: 250 US cities (2%). Below this entry. $500,000–$525,000: 160 US cities (1%). Below this entry. $525,000–$550,000: 156 US cities (1%). Below this entry. $550,000–$575,000: 172 US cities (1%). Below this entry. $575,000–$600,000: 172 US cities (1%). Below this entry. $600,000–$625,000: 163 US cities (1%). Below this entry. $625,000–$650,000: 167 US cities (1%). Below this entry. $650,000–$675,000: 135 US cities (1%). Below this entry. $675,000–$700,000: 101 US cities (1%). Below this entry. $700,000–$725,000: 95 US cities (1%). Below this entry. $725,000–$750,000: 71 US cities (0%). Below this entry. $750,000–$775,000: 65 US cities (0%). Below this entry. $775,000–$800,000: 70 US cities (0%). This entry sits in this band. $800,000–$825,000: 57 US cities (0%). Above this entry. $825,000–$850,000: 67 US cities (0%). Above this entry. $850,000–$875,000: 60 US cities (0%). Above this entry. $875,000–$900,000: 58 US cities (0%). Above this entry. $900,000–$925,000: 47 US cities (0%). Above this entry. $925,000–$950,000: 37 US cities (0%). Above this entry. $950,000–$975,000: 31 US cities (0%). Above this entry. $975,000–$1,000,000: 470 US cities (3%). Above this entry. $1,000,000–$1,025,000: 0 US cities (0%). Above this entry. Palmetto Bay $0 $1,025,000 every US city, bucketed by value

Each bar is a $25K-wide band; taller bars hold more US cities. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau ACS 5-Year Estimates · 2023

Income distribution context

Household income distribution - Palmetto Bay, FL Palmetto Bay, FL's reported median household income shown against the U.S. national quintile-share pattern (not Palmetto Bay, FL-specific quintile data). The Lorenz curve traces the national cumulative income share against cumulative population share, perfect equality is the diagonal; observed inequality bows below. $ Household Income Distribution Palmetto Bay, FL median $143,368/yr, vs. U.S. national quintile pattern QUINTILE SHARE OF AGGREGATE INCOME Lowest 20% 3.4% Second 20% 9.2% Middle 20% 15.1% Fourth 20% 23.2% Top 20% 49.1% LORENZ CURVE cumulative income vs. population 100% 0% 100% pop. 0%
Palmetto Bay, FL's median household income (Census ACS 5-year estimate) plotted against the U.S. national income-quintile distribution pattern for context; the quintile shares and Lorenz curve are national figures, not computed specifically for Palmetto Bay, FL. Diagonal = perfect equality.

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

Population Change

Annual U.S. Census Bureau Population Estimates Program (PEP) estimates, 2020–2025

See the fastest-growing cities →
23,500 residents24,000 residents24,500 residents25,000 residents25,500 residents 202020212022202320242025 24,329 residents 24,886 residents ▲ +2.3%
Palmetto Bay's Census PEP population estimates, 2020–2025.

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

Cost of living is a Florida state average from BEA; rent and hazard risk are county-level figures from HUD and FEMA for the county Palmetto Bay sits in

Cost of Living Index
103.4
Above Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$2,436/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
99.6 / 100
Very High
FEMA NRI composite score (county)

Similar Cities in Florida

Liberty Triangle
24,178 people
Wekiwa Springs
24,109 people
Oak Ridge
24,395 people
Coral Terrace
24,051 people
World Golf
24,485 people
Bloomingdale
23,979 people

Cities of a Similar Size Nationwide

Population-matched peers from other states, closest to Palmetto Bay's 24,247 residents (Census ACS 5-Year 2023).

South Plainfield, NJ
24,231 people
Frederickson, WA
24,219 people
Westmont, IL
24,201 people
Mandan, ND
24,293 people
Auburn, ME
24,294 people
Johnston, IA
24,196 people

Cities with a Similar Household Income Nationwide

Median-household-income-matched peers from other states, closest to Palmetto Bay's $143,368 (Census ACS 5-Year 2023, table B19013).

Montclair, VA
$143,357 median income
Harrisburg, NC
$143,393 median income
Ocean Pointe, HI
$143,394 median income
Roadstown, NJ
$143,333 median income
Westlake, IL
$143,424 median income
Crook, SD
$143,426 median income

Race & Ethnicity Composition

Race and ethnicity - Palmetto Bay, FL Race categories sum to one hundred percent per Census methodology. Hispanic or Latino is shown separately as an ethnicity overlay; it cuts across all race categories per OMB Directive 15. Race & Ethnicity Composition Palmetto Bay, FL - Census ACS, OMB race + ethnicity categories RACE, sums to 100% 57.5% 30.8% ETHNICITY, Hispanic or Latino (any race) 48.5% White 57.5% Black or African American 4.0% Asian 4.7% American Indian 0.5% Native Hawaiian 0.0% Some other race 2.6% Two or more races 30.8% Per OMB Directive 15: Hispanic/Latino ethnicity is reported separately from the race categories.
Race categories sum to 100%. Hispanic or Latino ethnicity is reported separately and cuts across race per Census/OMB methodology.

City-level race and ethnicity, Census ACS 5-year 2023 (tables B02001, B03001), OMB Directive 15 categories.

How Palmetto Bay compares to nearby Florida cities

Population + median household income, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).

City Population Median Household Income
Palmetto Bay (this city) 24,247 $143,368
Liberty Triangle 24,178 $68,107
Wekiwa Springs 24,109 $113,067
Oak Ridge 24,395 $53,389
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? +

The population of Palmetto Bay, FL stands at 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? +

BEA does not publish a city-level cost-of-living figure for Palmetto Bay; the closest available measure is the Florida state average, a cost of living index of 103.4 (U.S. average = 100), rated "Above Average" based on BEA Regional Price Parities 2024 data. Costs within Florida vary by metro area.

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.

Primary sources: Census ACS, FBI UCR, NOAA Climate Normals, NCES.

Citation & verification links Data sourced from the U.S. Census Bureau. See our methodology for details. Retrieved and formatted by PlainCities

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Every figure on PlainCities is rendered directly from Census ACS source data, no number is typed in by an editor. This page draws directly on Census ACS source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.