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.