Palmetto Bay, FL

Census Place

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2024 Population
24,639
US Senator
Rick Scott
Republican Party
US Senator
Ashley Moody
Republican Party
2024 Median Age
41
1.44% 1-year decrease
2024 Poverty Rate
5.82%
9.24% 1-year decrease
2024 Median Household Income
$142,447
0.642% 1-year decline
2024 Median Property Value
$879,700
11.8% 1-year growth
2024 Employed Population
12,584
2.18% 1-year growth

About

None of the households in Palmetto Bay, FL reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

89.8% of the residents in Palmetto Bay, FL are U.S. citizens.

In 2024, the median property value in Palmetto Bay, FL was $879,700, and the homeownership rate was 78.2%.

Most people in Palmetto Bay, FL drove alone to work, and the average commute time was 35.3 minutes. The average car ownership in Palmetto Bay, FL was 2 cars per household.

United StatesFloridaMiami-Dade County, FLMiami-Fort Lauderdale-West Palm Beach, FLMiami-Dade County (East)--Coral Gables City, Pinecrest Village & Kendall (South) PUMA, FLMiami-Dade County (Southeast)--Cutler Bay Town & Palmetto Bay Village PUMA, FL

Population & Diversity

Palmetto Bay, FL is home to a population of 24.6k people, from which 89.8% are citizens. As of 2024, 32.3% of Palmetto Bay, FL residents were born outside of the country (7.96k people).

In 2024, there were 1.09 times more White (Non-Hispanic) residents (8.95k people) in Palmetto Bay, FL than any other race or ethnicity. There were 8.23k Two Races Including Other (Hispanic) and 3.2k White (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

89.8%
2024 Citizenship
91.2%
2023 Citizenship

As of 2024, 89.8% of Palmetto Bay, FL residents were US citizens, which is lower than the national average of 93.2%. In 2023, the percentage of US citizens in Palmetto Bay, FL was 91.2%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Palmetto Bay, FL compared to that of it's neighboring and parent geographies.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Palmetto Bay, FL
  1. White (Non-Hispanic)
    8.95k ± 1.09k
  2. Two Races Including Other (Hispanic)
    8.23k ± 1.07k
  3. White (Hispanic)
    3.2k ± 576
51.1%
Hispanic Population
12.6k people

In 2024, there were 1.09 times more White (Non-Hispanic) residents (8.95k people) in Palmetto Bay, FL than any other race or ethnicity. There were 8.23k Two Races Including Other (Hispanic) and 3.2k White (Hispanic) residents, the second and third most common ethnic groups.

51.1% of the people in Palmetto Bay, FL are hispanic (12.6k people).

The following chart shows the 8 races represented in Palmetto Bay, FL as a share of the total population.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Florida.
Most Common Origin
  1. Cuba
    1,008,771 ± 24,085 people
  2. Haiti
    353,350 ± 14,476 people
  3. Colombia
    307,955 ± 13,528 people

In 2023, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,008,771 Florida residents, followed by Haiti with 353,350 and Colombia with 307,955.

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Foreign-Born Population

32.3%
2024 Foreign-Born Population
7.96k people
30.1%
2023 Foreign-Born Population
7.3k people

As of 2024, 32.3% of Palmetto Bay, FL residents (7.96k people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Palmetto Bay, FL was 30.1%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Palmetto Bay, FL compared to that of it's neighboring and parent geographies.

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Military

Veterans

Most Common Service Period
  1. Gulf War (2001-)
    233 ± 98
  2. Gulf War (1990s)
    233 ± 109
  3. Vietnam
    150 ± 81

Palmetto Bay, FL has a large population of military personnel who served in Gulf War (2001-), 1 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Palmetto Bay, FL.

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Economy

The economy of Palmetto Bay, FL employs 12.6k people. In 2024, the largest industries in Palmetto Bay, FL were Professional, Scientific, & Technical Services (1,816 people), Health Care & Social Assistance (1,535 people), and Retail Trade (1,505 people), and the highest paying industries were Finance & Insurance ($119,327), Utilities ($114,643), and Public Administration ($98,438).

Employment

Occupations

12.6k
2024 Value
± 933
2.18%
1 Year growth
± 10.3%

From 2023 to 2024, employment in Palmetto Bay, FL grew at a rate of 2.18%, from 12.3k employees to 12.6k employees.

The most common job groups, by number of people living in Palmetto Bay, FL, are Management Occupations (2,630 people), Business & Financial Operations Occupations (1,338 people), and Sales & Related Occupations (1,242 people). This chart illustrates the share breakdown of the primary jobs held by residents of Palmetto Bay, FL.

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Unemployment Insurance Claims

Data is only available at the state level. Showing data for Florida.

This chart shows weekly unemployment insurance claims in Florida (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

12.6k
2024 Value
± 933
2.18%
1 Year growth
± 10.3%

From 2023 to 2024, employment in Palmetto Bay, FL grew at a rate of 2.18%, from 12.3k employees to 12.6k employees.

The most common employment sectors for those who live in Palmetto Bay, FL, are Professional, Scientific, & Technical Services (1,816 people), Health Care & Social Assistance (1,535 people), and Retail Trade (1,505 people). This chart shows the share breakdown of the primary industries for residents of Palmetto Bay, FL, though some of these residents may live in Palmetto Bay, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$81,912
Median earning men ± $10,805
$56,169
Median earning women ± $5,618

The industries with the best median earnings for men in 2024 are Manufacturing ($165,082), Finance & Insurance, & Real Estate & Rental & Leasing ($127,803), and Educational Services, & Health Care & Social Assistance ($104,806).

The industries with the best median earnings for women in 2024 are Public Administration ($115,250), Manufacturing ($93,771), and Information ($80,625).

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Employment by Industry Sector

Data is only available at the state level. Showing data for Florida.
Y-Axis
4.23%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 9.69M people employed in Florida. This represents a 4.23% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 12.6%.

The following chart shows monthly employment numbers for each industry sector in Florida.

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Civics

In the 2024 presidential election, the popular vote in Florida went to Donald J. Trump with 56.1% of the vote. The runner-up was Kamala Harris (43%), followed by Jill Stein (0.396%).

Rick Scott and Ashley Moody are the senators currently representing the state of Florida. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Florida is currently represented by 26 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Voting results are not available for Palmetto Bay, FL. Showing the available data for Florida.
2024 Election Results
  1. Donald J. Trump (56.1%)
    Republican Party
  2. Kamala Harris (43%)
    Democratic Party
  3. Jill Stein (0.396%)
    Green Party

In the 2024 presidential election, the popular vote in Florida went to Donald J. Trump with 56.1% of the vote. The runner-up was Kamala Harris (43%), followed by Jill Stein (0.396%).

The following chart shows the popular vote results in Florida for each registered party from 1976 to 2024.

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Senator Elections

US Senators from Florida

Senatorial voting results are only available at the state level. Showing data for Florida.
Rick Scott
Senator from Florida1
Assumed office on January 8, 2019
Inauguration delayed in order to finish his term as Governor of Florida.
Ashley Moody
Senator from Florida2
Assumed office on January 21, 2025
While elections for full class 3 terms will take place in 2028, Florida will hold a special election in 2026 to elect a senator to complete the remainder of Marco Rubio's term.

Rick Scott and Ashley Moody are the senators currently representing Florida.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Florida over time, excluding special elections, colored by their political party.

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Housing & Living

The median property value in Palmetto Bay, FL was $879,700 in 2024, which is 2.64 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $787,000 to $879,700, a 11.8% increase. The homeownership rate in Palmetto Bay, FL is 78.2%, which is higher than the national average of 65.2%.

People in Palmetto Bay, FL have an average commute time of 35.3 minutes, and they drove alone to work. Car ownership in Palmetto Bay, FL is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$879,700
Median Property Value 2024
±$24,415
$6,376
Median Property Taxes
±$468

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Palmetto Bay, FL the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Palmetto Bay, FL compared to it's parent and neighbor geographies.

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Rent vs Own

78.2%
Homeownership
2024
62.5%
Homeowners with Mortgage
2024

In 2024, 78.2% of the housing units in Palmetto Bay, FL were occupied by their owner. This percentage declined from the previous year's rate of 79%.

This chart shows the percentage of owner in Palmetto Bay, FL compared it's parent and neighboring geographies.

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$142,447
Median Household Income
± $9,768
8.15k
Number of Households
± 645

In 2024, the median household income of the 8.15k households in Palmetto Bay, FL declined from $142,447 from the previous year's value of $143,368.

The following chart displays the households in Palmetto Bay, FL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

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Wage Distribution

The closest comparable wage GINI for Palmetto Bay, FL is from Florida.
0.473
2023 Wage GINI in Florida
0.474
2022 Wage GINI in Florida

In 2023, the income inequality in Florida was 0.473 according to the GINI calculation of the wage distribution. Income inequality had a 0.136% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.476. In other words, wages are distributed more evenly in Florida in comparison to the national average.

This chart shows the number of workers in Florida across various wage buckets compared to the national average.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (60.3%)
  2. Worked At Home (21.2%)
  3. Carpooled (11.2%)

In 2024, 60.3% of workers in Palmetto Bay, FL drove alone to work, followed by those who worked at home (21.2%) and those who carpooled to work (11.2%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Commute Time

35.3 minutes
Average Travel Time

Using averages, employees in Palmetto Bay, FL have a longer commute time (35.3 minutes) than the normal US worker (26.4 minutes). Additionally, 2.46% of the workforce in Palmetto Bay, FL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Palmetto Bay, FL compares to that of it's neighboring and parent geographies.

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Car Ownership

2 cars
Average Number

The following chart displays the households in Palmetto Bay, FL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Palmetto Bay, FL have 2 cars.

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Poverty

Poverty & Diversity

5.82% of the population for whom poverty status is determined in Palmetto Bay, FL (1.42k out of 24.5k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 35 - 44, followed by Females 75+ and then Males < 5.

The most common racial or ethnic group living below the poverty line in Palmetto Bay, FL is Hispanic, followed by Two Or More and White.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Health

95.9% of the population of Palmetto Bay, FL has health coverage, with 59.4% on employee plans, 5.93% on Medicaid, 10.4% on Medicare, 19.3% on non-group plans, and 0.796% on military or VA plans.

Primary care physicians in Florida see 1,370 patients per year on average, which represents a 0% change from the previous year (1,370 patients). Compare this to dentists who see 1563 patients per year, and mental health providers who see 459 patients per year.

By gender, of the total number of insured persons, 50.7% were men and 49.3% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 25.3% under 18 years, 16.5% between 18 and 34 years, 43.2% between 35 and 64 years, and 15.1% over 64 years.

By gender, of the total number of insured persons, 50.7% were men and 49.3% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

4.11%
Uninsured
59.4%
Employer Coverage
5.93%
Medicaid
10.4%
Medicare
19.3%
Non-Group
0.796%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Palmetto Bay, FL declined by 4.03% from 4.29% to 4.11%.

The following chart shows how the percent of uninsured individuals in Palmetto Bay, FL changed over time compared with the percent of individuals enrolled in various types of health insurance.

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