Palmetto Bay, FL

Census Place

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2020 Population

24,308

0.103% 1-year decline

US Senator

Marco Rubio

Republican Party

US Senator

Rick Scott

Republican Party

2020 Median Age

40.4

2.65% 1-year decrease

2020 Poverty Rate

5.49%

4.37% 1-year decrease

2020 Median Household Income

$123,235

0.196% 1-year decline

2020 Median Property Value

$585,600

4.14% 1-year growth

About

In 2020, Palmetto Bay, FL had a population of 24.3k people with a median age of 40.4 and a median household income of $123,235. Between 2019 and 2020 the population of Palmetto Bay, FL declined from 24,333 to 24,308, a −0.103% decrease and its median household income declined from $123,477 to $123,235, a −0.196% decrease.

The 5 largest ethnic groups in Palmetto Bay, FL are White (Non-Hispanic) (43.9%), White (Hispanic) (36.5%), Two+ (Hispanic) (7.32%), Asian (Non-Hispanic) (4.6%), and Two+ (Non-Hispanic) (2.57%).

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.

90.4% of the residents in Palmetto Bay, FL are U.S. citizens.

In 2020, the median property value in Palmetto Bay, FL was $585,600, and the homeownership rate was 79.9%.

Most people in Palmetto Bay, FL drove alone to work, and the average commute time was 39.9 minutes. The average car ownership in Palmetto Bay, FL was 2 cars per household.

Population & Diversity

Palmetto Bay, FL is home to a population of 24.3k people, from which 90.4% are citizens. As of 2020, 30.9% of Palmetto Bay, FL residents were born outside of the country (7.51k people).

In 2020, there were 1.2 times more White (Non-Hispanic) residents (10.7k people) in Palmetto Bay, FL than any other race or ethnicity. There were 8.88k White (Hispanic) and 1.78k Two+ (Hispanic) residents, the second and third most common ethnic groups.

Citizenship

90.4%

2020 Citizenship

90.2%

2019 Citizenship

As of 2020, 90.4% of Palmetto Bay, FL residents were US citizens, which is lower than the national average of 93.4%. In 2019, the percentage of US citizens in Palmetto Bay, FL was 90.2%, meaning that the rate of citizenship has been increasing.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Palmetto Bay, FL

White (Non-Hispanic)
10.7k ± 946
White (Hispanic)
8.88k ± 694
Two+ (Hispanic)
1.78k ± 781

45.3%

Hispanic Population

11k people

45.3% of the people in Palmetto Bay, FL are hispanic (11k people).

The following chart shows the 7 races represented in Palmetto Bay, FL as a share of the total population.

Foreign-Born Population

30.9%

2020 Foreign-Born Population

7.51k people

31.9%

2019 Foreign-Born Population

7.77k people

As of 2020, 30.9% of Palmetto Bay, FL residents (7.51k people) were born outside of the United States, which is higher than the national average of 13.5%. In 2019, the percentage of foreign-born citizens in Palmetto Bay, FL was 31.9%, meaning that the rate has been decreasing.

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

Military

Veterans

Most Common Service Period

Vietnam
182 ± 64
Gulf War (1990s)
122 ± 60
Gulf War (2001-)
121 ± 70

Palmetto Bay, FL has a large population of military personnel who served in Vietnam, 1.49 times greater than any other conflict.

Economy

The economy of Palmetto Bay, FL employs 12.1k people. The largest industries in Palmetto Bay, FL are Professional, Scientific, & Technical Services (1,850 people), Health Care & Social Assistance (1,626 people), and Educational Services (1,431 people), and the highest paying industries are Utilities ($123,563), Finance & Insurance ($92,500), and Public Administration ($83,710).

Employment

Occupations

12.1k

2020 Value

± 912

3.83%

1 Year growth

± 9.06%

From 2019 to 2020, employment in Palmetto Bay, FL grew at a rate of 3.83%, from 11.6k employees to 12.1k employees.

The most common job groups, by number of people living in Palmetto Bay, FL, are Management Occupations (1,983 people), Sales & Related Occupations (1,501 people), and Office & Administrative Support Occupations (1,130 people). This chart illustrates the share breakdown of the primary jobs held by residents of Palmetto Bay, FL.

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

12.1k

2020 Value

± 912

3.83%

1 Year growth

± 9.06%

From 2019 to 2020, employment in Palmetto Bay, FL grew at a rate of 3.83%, from 11.6k employees to 12.1k employees.

The most common employment sectors for those who live in Palmetto Bay, FL, are Professional, Scientific, & Technical Services (1,850 people), Health Care & Social Assistance (1,626 people), and Educational Services (1,431 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.

Median Earnings by Industry

$71,250

Median earning men ± $12,272

$41,337

Median earning women ± $14,229

The industries with the best median earnings for men in 2020 are Manufacturing ($127,298), Finance & Insurance, & Real Estate & Rental & Leasing ($102,059), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($94,904).

The industries with the best median earnings for women in 2020 are Public Administration ($82,813), Manufacturing ($76,537), and Wholesale Trade ($76,523).

Employment by Industry Sector

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

Y-Axis

8.45%

Year-over-year growth

Employment change between May 2020 and May 2021

As of May 2021, there are 145M people employed in Florida. This represents a 8.45% increase in employment when compared to May 2020.

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

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from Florida to other states, or from other states to Florida.

Top Domestic Production in Dollars

In 2020, the top outbound Florida product (by dollars) was Mixed freight with $94.8B, followed by Electronics ($62.6B) and Pharmaceuticals ($59.6B).

The following chart shows the share of these products in relation to all outbound Florida products.

Domestic Trade Growth

Showing data for Florida.

$688B

2020 Value in Florida

$1.41T

Projected 2050 Value in Florida

105% growth

In 2020, total outbound Florida trade was $688B. This is expected to increase 105% to $1.41T by 2050.

The following chart shows how the domestic outbound Florida trade is projected to change in comparison to its neighboring states.

Interstate Trade

Interstate trade consists of products and services shipped from Florida to other states, or from other states to Florida.

Most Common Trade Partners

Georgia
$24.9B
California
$19.2B
Texas
$15.8B

In 2020, the top outbound Florida domestic partner for goods and services (by dollars) was Georgia with $24.9B, followed by California with $19.2B and Texas and $15.8B.

The following map shows the amount of trade that Florida shares with each state (excluding itself).

Civics

Marco Rubio and Rick Scott 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 27 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Senators Elections

US Senators from Florida

Senatorial voting results are only available at the state level. Showing data for Florida.

Marco Rubio

Senator from Florida

Assumed office on January 3, 2011

Rick Scott

Senator from Florida

Assumed office on January 8, 2019
Inauguration delayed in order to finish his term as Governor of Florida.

Marco Rubio and Rick Scott 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.

US Representatives Elections

US Representatives from Florida

Florida is currently represented by 27 members in the U.S. house.

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Florida have changed over time starting in 2008.

Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

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

Measure

In 2020, 1.08% of men over 25 years of age had not completed any academic degree (no schooling), while 1.09% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

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

Race

The most common educational levels obtained by the working population in 2020 were High School or Equivalent (4.93M), Some college (3.6M), and Bachelors Degree (3.09M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Palmetto Bay, FL was $585,600 in 2020, which is 2.55 times larger than the national average of $229,800. Between 2019 and 2020 the median property value increased from $562,300 to $585,600, a 4.14% increase. The homeownership rate in Palmetto Bay, FL is 79.9%, which is approximately the same as the national average of 64.4%.

People in Palmetto Bay, FL have an average commute time of 39.9 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.

Median household income in Palmetto Bay, FL is $123,235. In 2020, the place with the highest median household income in Palmetto Bay, FL was Census Tract 82.09 with a value of $131,875, followed by Census Tract 82.02 and Census Tract 82.06, with respective values of $118,676 and $98,125.

Property

$585,600

Median Property Value 2020

±$14,423

$5,953

Median Property Taxes

±$444

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.

Rent vs Own

79.9%

Homeownership

2020

67.2%

Homeowners with Mortgage

2020

In 2020, 79.9% of the housing units in Palmetto Bay, FL were occupied by their owner. This percentage declined from the previous year's rate of 80.7%.

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

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

Highest Median Household Income (Total)

Census Tract 82.09
Census Tract 82.02
Census Tract 82.06

In 2020, the place with the highest Median Household Income (Total) in Palmetto Bay, FL was Census Tract 82.09 with a value of $131,875, followed by Census Tract 82.02 and Census Tract 82.06, with respective values of $118,676 and $98,125.

The following map shows all of the places in Palmetto Bay, FL colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$123,235

Median Household Income

± $10,168

7.45k

Number of Households

± 606

In 2020, the median household income of the 7.45k households in Palmetto Bay, FL declined from $123,235 from the previous year's value of $123,477.

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.

Wage Distribution

The closest comparable wage GINI for Palmetto Bay, FL is from Florida.

0.472

2020 Wage GINI in Florida

0.473

2019 Wage GINI in Florida

In 2020, the income inequality in Florida was 0.472 according to the GINI calculation of the wage distribution. Income inequality had a 0.289% decline from 2019 to 2020, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.478. 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.

Transportation

Commuter Transportation

Most Common Commute in 2020

Drove Alone (75.9%)
Worked At Home (12%)
Carpooled (6.9%)

In 2020, 75.9% of workers in Palmetto Bay, FL drove alone to work, followed by those who worked at home (12%) and those who carpooled to work (6.9%).

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.

Commute Time

39.9 minutes

Average Travel Time

Using averages, employees in Palmetto Bay, FL have a longer commute time (39.9 minutes) than the normal US worker (26.9 minutes). Additionally, 4.24% 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.

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.

Poverty

Poverty & Diversity

5.49% of the population for whom poverty status is determined in Palmetto Bay, FL (1.34k out of 24.3k people) live below the poverty line, a number that is lower than the national average of 12.8%. The largest demographic living in poverty are Females 55 - 64, followed by Males 45 - 54 and then Males 6 - 11.

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

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.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

95.5% of the population of Palmetto Bay, FL has health coverage, with 61.7% on employee plans, 4.65% on Medicaid, 8.68% on Medicare, 19.5% on non-group plans, and 0.893% on military or VA plans.

Per capita personal health care spending in Florida was $8,076 in 2014. This is a 5.05% increase from the previous year ($7,688).

Primary care physicians in Miami-Dade County, FL see 1243 patients per year on average, which represents a 1.51% decrease from the previous year (1262 patients). Compare this to dentists who see 1433 patients per year, and mental health providers who see 586 patients per year.

COVID-19

Daily New Cases by Date

Showing data at the state level for Florida. Hospitalization data for some states may be delayed or not reported.

Y-Axis

This chart shows the number of COVID-19 daily new cases by date in Florida, as a 7-day rolling average, compared with the four states with the most similar number of confirmed cases.

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Patient to Clinician Ratios

Data is only available at the country level. Showing data for Miami-Dade County, FL.

1,243 to 1

Patient to Primary Care Physician Ratio in Miami-Dade County, FL

Primary care physicians in Miami-Dade County, FL see an average of 1,243 patients per year. This represents a 1.51% decrease from the previous year (1,262 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Miami-Dade County, FL in comparison to its neighboring geographies.

Community Mobility

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

This chart presents movement trends over time in the state of Florida across different categories of places such as retail and recreation, groceries and pharmacies, parks, transit stations, workplaces, and residential.

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Coverage

Health Care Diversity

In 2020, insured persons according to age ranges were distributed in 26.3% under 18 years, 18.2% between 18 and 34 years, 42% between 35 and 64 years, and 13.5% over 64 years.

By gender, of the total number of insured persons, 51.2% were men and 48.8% were women.

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

Uninsured People

4.55%

Uninsured

61.7%

Employer Coverage

4.65%

Medicaid

8.68%

Medicare

19.5%

Non-Group

0.893%

Military or VA

Between 2019 and 2020, the percent of uninsured citizens in Palmetto Bay, FL grew by 3.57% from 4.39% to 4.55%.

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.