Census Bureau data for Palmetto Bay village from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Palmetto Bay village
- What is the median household income in Palmetto Bay village?
- The median household income in Palmetto Bay village is $143,368 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Palmetto Bay village?
- The poverty rate in Palmetto Bay village is 5.0% (U.S. Census Bureau ACS 2023).
- What is the median home value in Palmetto Bay village?
- $787,000 (U.S. Census Bureau ACS 2023).
- What is the average rent in Palmetto Bay village?
- The median gross rent in Palmetto Bay village is $1,862 per month (U.S. Census Bureau ACS 2023).
- What percentage of Palmetto Bay village residents have a college degree?
- 61.5% of adults in Palmetto Bay village hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
24,247
Median Income
$143,368
Median Home Value
$787,000
Poverty Rate
5.0%
Unemployment (ACS 2023)
3.4%
Median Age
41.0 yrs
Since 2019
Median Income:
+$19,891 (+16.1%)
Home Value:
+$224,700 (+40%)
Poverty Rate:
+1.1 pp (+28.2%)
Bachelor's+:
+3.0 pp (+5.1%)
Unemployment:
-2.8 pp (-45.2%)
Demographics
Total Population
24,247
Median Age
41.0
Female
47.1%
Race & Ethnicity
Hispanic or Latino 48.5%
White (non-Hisp.) 38.9%
Black 4.0%
Asian 4.7%
Two or More 30.8%
Other 2.6%
Asian Subgroups (% of total pop.)
Chinese
2.3%
Indian
1.0%
Filipino
0.4%
Korean
0.1%
Vietnamese
0.1%
Japanese
0.1%
Hispanic Subgroups (% of total pop.)
Cuban
20.8%
Mexican
3.0%
Puerto Rican
3.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$143,368
±$13,600
+$71,657 vs. state
Per Capita Income
$201,669
Median Family Income
$174,046
Poverty Rate
5.0%
-3.9 pp vs. state
Child Poverty Rate
5.7%
Working-Age Poverty Rate
—
SNAP Recipients
4.8%
Social Security Income
—
Retirement Income
21.0%
Household Income Distribution
< $10k
2.2%
$10–15k
1.6%
$15–25k
4.9%
$25–35k
2.4%
$35–50k
7.8%
$50–75k
7.1%
$75–100k
9.3%
$100–150k
16.7%
$150–200k
12.1%
$200k+
35.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
8,760
Owner-Occupied
79.0%
Renter-Occupied
21.0%
Vacancy Rate
7.1%
Median Home Value
$787,000
+$462,000 vs. state
Median Gross Rent
$1,862
Owner Cost Burden (30%+)
23.9%
Renter Cost Burden (30%+)
57.1%
Home Value Distribution
< $50k
1.4%
$50–100k
1.4%
$100–200k
0.6%
$200–300k
1.6%
$300–500k
7.7%
$500k–$1M
62.6%
$1M+
24.3%
Gross Rent Distribution
< $500
0.9%
$500–1k
0.8%
$1–1.5k
35.8%
$1.5–2k
17.3%
$2–2.5k
17.6%
$2.5–3.5k
8.9%
$3.5k+
18.7%
Vehicle Availability
No vehicle
5.1%
1 vehicle
26.1%
2 vehicles
40.6%
3+
28.2%
Housing Type
Single-fam. det.
79.5%
Single-fam. att.
4.7%
2–4 units
0.7%
5–19 units
1.1%
20+ units
11.5%
Housing Age
Pre-1940
0.2%
1940–1969
0.1%
1970–1999
31.9%
2000–2009
5.8%
2010+
5.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
94.6%
Bachelor's or Higher
61.5%
+28.3 pp vs. state
Graduate Degree
28.5%
Some College / Associate
13.7%
Less Than High School
2.4%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
67.1%
Unemployment Rate
3.4%
-1.4 pp vs. state
Work from Home
19.6%
Self-Employed
6.0%
Government Workers
14.0%
Private For-Profit
79.8%
Industry
Edu/Health
22.3%
Prof. Services
18.5%
Retail
10.9%
Finance
9.7%
Arts/Entmt.
7.5%
Public Admin
5.6%
Construction
5.5%
Transportation
5.3%
Manufacturing
4.8%
Wholesale
3.6%
Information
2.3%
Agriculture
0.2%
Occupation
Management
59.3%
Sales
18.6%
Food Prep
12.2%
Production
7.4%
Construction
2.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
36.4 min
Drove Alone
63.2%
Carpool
10.3%
Public Transit
2.2%
Work from Home
19.6%
Walked
1.1%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
8,138
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
66.0%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
31.1%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
6.7%
5–9
6.1%
10–14
7.4%
15–19
6.6%
20–24
4.8%
25–34
10.3%
35–44
12.9%
45–54
14.9%
55–64
7.8%
65–74
8.0%
75–84
8.1%
85+
4.4%
Under 18: 25.0%
Working age (18–64): 75.0%
65 and over: 14.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
30.2%
Naturalized Citizen
71.0%
Speaks English Less Than Very Well
12.8%
Foreign-Born Origin
Latin America
77.9%
Asia
10.1%
Europe
9.3%
Africa
1.4%
Veterans & Disability
Veteran
5.0%
With a Disability
9.6%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
95.7%
Uninsured
4.3%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
92.9%
Has a Computer
98.4%
Same House 1 Year Ago
89.4%
Moved from Abroad
1.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023