Palmetto Bay, FL

Census Place

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2021 Population
24,327
0.0782% 1-year growth
US Senator
Marco Rubio
Republican Party
US Senator
Rick Scott
Republican Party
2021 Median Age
41.8
3.47% 1-year increase
2021 Poverty Rate
5.66%
3.07% 1-year increase
2021 Median Household Income
$131,605
6.79% 1-year growth
2021 Median Property Value
$617,900
5.52% 1-year growth

About

In 2021, Palmetto Bay, FL had a population of 24.3k people with a median age of 41.8 and a median household income of $131,605. Between 2020 and 2021 the population of Palmetto Bay, FL grew from 24,308 to 24,327, a 0.0782% increase and its median household income grew from $123,235 to $131,605, a 6.79% increase.

The 5 largest ethnic groups in Palmetto Bay, FL are White (Non-Hispanic) (40.2%), White (Hispanic) (31.9%), Two+ (Hispanic) (14.6%), Asian (Non-Hispanic) (4.43%), and Two+ (Non-Hispanic) (2.85%).

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.

91.3% of the residents in Palmetto Bay, FL are U.S. citizens.

In 2021, the median property value in Palmetto Bay, FL was $617,900, and the homeownership rate was 79.2%.

Most people in Palmetto Bay, FL drove alone to work, and the average commute time was 36.4 minutes. The average car ownership in Palmetto Bay, FL was 2 cars per household.

geosearchPopulation & Diversity

Palmetto Bay, FL is home to a population of 24.3k people, from which 91.3% are citizens. As of 2021, 29.3% of Palmetto Bay, FL residents were born outside of the country (7.13k people).

In 2021, there were 1.26 times more White (Non-Hispanic) residents (9.78k people) in Palmetto Bay, FL than any other race or ethnicity. There were 7.75k White (Hispanic) and 3.56k Two+ (Hispanic) residents, the second and third most common ethnic groups.

Citizenship

91.3%
2021 Citizenship
90.4%
2020 Citizenship

As of 2021, 91.3% of Palmetto Bay, FL residents were US citizens, which is lower than the national average of 93.4%. In 2020, the percentage of US citizens in Palmetto Bay, FL was 90.4%, 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.

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Race and Ethnicity

The 3 largest ethnic groups in Palmetto Bay, FL
  1. White (Non-Hispanic)
    9.78k ± 1.14k
  2. White (Hispanic)
    7.75k ± 869
  3. Two+ (Hispanic)
    3.56k ± 873
48.9%
Hispanic Population
11.9k people

In 2021, there were 1.26 times more White (Non-Hispanic) residents (9.78k people) in Palmetto Bay, FL than any other race or ethnicity. There were 7.75k White (Hispanic) and 3.56k Two+ (Hispanic) residents, the second and third most common ethnic groups.

48.9% of the people in Palmetto Bay, FL are hispanic (11.9k people).

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

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Foreign-Born Population

29.3%
2021 Foreign-Born Population
7.13k people
30.9%
2020 Foreign-Born Population
7.51k people

As of 2021, 29.3% of Palmetto Bay, FL residents (7.13k people) were born outside of the United States, which is higher than the national average of 13.6%. In 2020, the percentage of foreign-born citizens in Palmetto Bay, FL was 30.9%, 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.

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Veterans

Most Common Service Period
  1. Vietnam
    219 ± 77
  2. Gulf War (1990s)
    150 ± 65
  3. Gulf War (2001-)
    136 ± 71

Palmetto Bay, FL has a large population of military personnel who served in Vietnam, 1.46 times greater than any other conflict.

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briefcaseEconomy

The economy of Palmetto Bay, FL employs 12.2k people. The largest industries in Palmetto Bay, FL are Professional, Scientific, & Technical Services (1,843 people), Health Care & Social Assistance (1,591 people), and Educational Services (1,505 people), and the highest paying industries are Utilities ($128,804), Finance & Insurance ($96,563), and Construction ($84,188).

Occupations

12.2k
2021 Value
± 898
1.32%
1 Year growth
± 10.4%

From 2020 to 2021, employment in Palmetto Bay, FL grew at a rate of 1.32%, from 12.1k employees to 12.2k employees.

The most common job groups, by number of people living in Palmetto Bay, FL, are Management Occupations (2,156 people), Sales & Related Occupations (1,385 people), and Office & Administrative Support Occupations (1,214 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 false.

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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Employment by Industries

12.2k
2021 Value
± 898
1.32%
1 Year growth
± 10.4%

From 2020 to 2021, employment in Palmetto Bay, FL grew at a rate of 1.32%, from 12.1k employees to 12.2k employees.

The most common employment sectors for those who live in Palmetto Bay, FL, are Professional, Scientific, & Technical Services (1,843 people), Health Care & Social Assistance (1,591 people), and Educational Services (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

$78,443
Median earning men ± $11,103
$43,125
Median earning women ± $8,912

The industries with the best median earnings for men in 2021 are Manufacturing ($141,023), Professional, Scientific, & Management, & Administrative & Waste Management Services ($106,563), and Finance & Insurance, & Real Estate & Rental & Leasing ($105,083).

The industries with the best median earnings for women in 2021 are Public Administration ($88,667), Manufacturing ($81,280), and Wholesale Trade ($80,909).

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Employment by Industry Sector

Data is only available at the state level. Showing data for false.
Y-Axis
2.75%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 155M people employed in Florida. This represents a 2.75% increase in employment when compared to February 2022.

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

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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
  1. $93.7B
  2. $57.8B
  3. $56.4B

In 2020, the top outbound Florida product (by dollars) was Mixed freight with $93.7B, followed by Electronics ($57.8B) and Pharmaceuticals ($56.4B).

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

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Domestic Trade Growth

Showing data for Florida.
$640B
2020 Value in Florida
$1.41T
Projected 2050 Value in Florida
121% growth

In 2020, total outbound Florida trade was $640B. This is expected to increase 121% 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.

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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
  1. $22.9B
  2. $17.8B
  3. $14.6B

In 2020, the top outbound Florida domestic partner for goods and services (by dollars) was Georgia with $22.9B, followed by Texas with $17.8B and California and $14.6B.

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

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flagCivics

In the 2020 presidential election, the popular vote in Florida went to Donald J. Trump with 51.2% of the vote. The runner-up was Joseph R Biden Jr. (47.9%), followed by Jo Jorgensen (0.635%).

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 28 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

US Senators from Florida

Senatorial voting results are only available at the state level. Showing data for Florida.
Marco Rubio
Senator from Florida3
Assumed office on January 3, 2011
Rick Scott
Senator from Florida1
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.

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US Representatives from Florida

Florida is currently represented by 28 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.

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learningEducation

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.

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Educational Pyramid

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

In 2021, 1.12% of men over 25 years of age had not completed any academic degree (no schooling), while 1.13% of women were in the same situation.

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

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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 2021 were High School or Equivalent (4.9M), Some college (3.57M), and Bachelors Degree (3.2M).

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.

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homeHousing & Living

The median property value in Palmetto Bay, FL was $617,900 in 2021, which is 2.52 times larger than the national average of $244,900. Between 2020 and 2021 the median property value increased from $585,600 to $617,900, a 5.52% increase. The homeownership rate in Palmetto Bay, FL is 79.2%, which is approximately the same as the national average of 64.6%.

People in Palmetto Bay, FL have an average commute time of 36.4 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 $131,605. In 2021, the place with the highest median household income in Palmetto Bay, FL was Census Tract 82.09 with a value of $150,913, followed by Census Tract 82.02 and Census Tract 82.06, with respective values of $119,167 and $101,118.

Property

$617,900
Median Property Value 2021
±$14,054
$6,175
Median Property Taxes
±$447

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

79.2%
Homeownership
2021
68.6%
Homeowners with Mortgage
2021

In 2021, 79.2% of the housing units in Palmetto Bay, FL were occupied by their owner. This percentage declined from the previous year's rate of 79.9%.

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

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Income by Location

Use the dropdown to filter by race/ethnicity.
Race/Ethnicity
Highest Median Household Income (Total)
  1. Census Tract 82.09
  2. Census Tract 82.02
  3. Census Tract 82.06

In 2021, the place with the highest Median Household Income (Total) in Palmetto Bay, FL was Census Tract 82.09 with a value of $150,913, followed by Census Tract 82.02 and Census Tract 82.06, with respective values of $119,167 and $101,118.

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

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Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$131,605
Median Household Income
± $11,107
7.8k
Number of Households
± 622

In 2021, the median household income of the 7.8k households in Palmetto Bay, FL grew to $131,605 from the previous year's value of $123,235.

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
2021 Wage GINI in Florida
0.472
2020 Wage GINI in Florida

In 2021, the income inequality in Florida was 0.473 according to the GINI calculation of the wage distribution. Income inequality had a 0.108% growth from 2020 to 2021, which means that wage distribution grew somewhat less 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.

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Commuter Transportation

Most Common Commute in 2021
  1. Drove Alone (73.2%)
  2. Worked At Home (15.8%)
  3. Carpooled (6.64%)

In 2021, 73.2% of workers in Palmetto Bay, FL drove alone to work, followed by those who worked at home (15.8%) and those who carpooled to work (6.64%).

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

36.4 minutes
Average Travel Time

Using averages, employees in Palmetto Bay, FL have a longer commute time (36.4 minutes) than the normal US worker (26.8 minutes). Additionally, 2.61% 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 & Diversity

5.66% of the population for whom poverty status is determined in Palmetto Bay, FL (1.38k out of 24.3k people) live below the poverty line, a number that is lower than the national average of 12.6%. The largest demographic living in poverty are Females 65 - 74, followed by Females 35 - 44 and then Females 6 - 11.

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

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pulseHealth

94.7% of the population of Palmetto Bay, FL has health coverage, with 60.6% on employee plans, 4.42% on Medicaid, 9.7% on Medicare, 19.3% on non-group plans, and 0.818% on military or VA plans.

Primary care physicians in Miami-Dade County, FL see 1211 patients per year on average, which represents a 2.57% decrease from the previous year (1243 patients). Compare this to dentists who see 1403 patients per year, and mental health providers who see 528 patients per year.

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Miami-Dade County, FL.
1,211 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 1,211 patients per year. This represents a 2.57% decrease from the previous year (1,243 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.

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Health Care Diversity

In 2021, insured persons according to age ranges were distributed in 26.7% under 18 years, 16% between 18 and 34 years, 43.6% between 35 and 64 years, and 13.7% over 64 years.

By gender, of the total number of insured persons, 51.1% were men and 48.9% were women.

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

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Uninsured People

5.26%
Uninsured
60.6%
Employer Coverage
4.42%
Medicaid
9.7%
Medicare
19.3%
Non-Group
0.818%
Military or VA

Between 2020 and 2021, the percent of uninsured citizens in Palmetto Bay, FL grew by 15.7% from 4.55% to 5.26%.

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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