Palmetto Estates, FL

Census Place

2024 Population

16,129

US Senator

Rick Scott

Republican Party

US Senator

Ashley Moody

Republican Party

2024 Median Age

42.9

3.13% 1-year increase

2024 Poverty Rate

11.6%

15.6% 1-year increase

2024 Median Household Income

$82,064

0.164% 1-year decline

2024 Median Property Value

Population & Diversity

Palmetto Estates, FL is home to a population of 16.1k people, from which 81.4% are citizens.

As of 2024, 49.1% of Palmetto Estates, FL residents were born outside of the country (7.92k people).

In 2024, there were 1.32 times more Two Races Including Other (Hispanic) residents (6.89k people) in Palmetto Estates, FL than any other race or ethnicity. There were 5.2k Black or African American (Non-Hispanic) and 1.11k White (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

81.4%

2024 Citizenship

82.8%

2023 Citizenship

As of 2024, 81.4% of Palmetto Estates, FL residents were US citizens, which is lower than the national average of 93.2%. In 2023, the percentage of US citizens in Palmetto Estates, FL was 82.8%, meaning that the rate of citizenship has been decreasing.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Palmetto Estates, FL

Two Races Including Other (Hispanic)
6.89k ± 1.86k
Black or African American (Non-Hispanic)
5.2k ± 1.08k
White (Hispanic)
1.11k ± 389

57.9%

Hispanic Population

9.34k people

57.9% of the people in Palmetto Estates, FL are hispanic (9.34k people).

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

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Florida.

Most Common Origin

Cuba
1,051,839 ± 24,582 people
Haiti
364,479 ± 14,701 people
Colombia
327,463 ± 13,946 people

In 2024, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,051,839 Florida residents, followed by Haiti with 364,479 and Colombia with 327,463.

Foreign-Born Population

49.1%

2024 Foreign-Born Population

7.92k people

49.9%

2023 Foreign-Born Population

8.27k people

As of 2024, 49.1% of Palmetto Estates, FL residents (7.92k 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 Estates, FL was 49.9%, meaning that the rate has been decreasing.

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

Military

Veterans

Most Common Service Period

Vietnam
122 ± 68
Gulf War (1990s)
93 ± 69
Gulf War (2001-)
19 ± 45

Palmetto Estates, FL has a large population of military personnel who served in Vietnam, 1.31 times greater than any other conflict.

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

Economy

The economy of Palmetto Estates, FL employs 7.76k people. In 2024, the largest industries in Palmetto Estates, FL were Health Care & Social Assistance (1,465 people), Retail Trade (972 people), and Transportation & Warehousing (736 people), and the highest paying industries were Finance & Insurance ($60,816), Public Administration ($55,938), and Finance & Insurance, & Real Estate & Rental & Leasing ($55,682).

Employment

Occupations

7.76k

2024 Value

± 899

−4.1%

1 Year decline

± 16.8%

From 2023 to 2024, employment in Palmetto Estates, FL declined at a rate of −4.1%, from 8.09k employees to 7.76k employees.

The most common job groups, by number of people living in Palmetto Estates, FL, are Office & Administrative Support Occupations (840 people), Sales & Related Occupations (715 people), and Management Occupations (587 people). This chart illustrates the share breakdown of the primary jobs held by residents of Palmetto Estates, 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.

Industries

Employment by Industries

7.76k

2024 Value

± 899

−4.1%

1 Year decline

± 16.8%

From 2023 to 2024, employment in Palmetto Estates, FL declined at a rate of −4.1%, from 8.09k employees to 7.76k employees.

The most common employment sectors for those who live in Palmetto Estates, FL, are Health Care & Social Assistance (1,465 people), Retail Trade (972 people), and Transportation & Warehousing (736 people). This chart shows the share breakdown of the primary industries for residents of Palmetto Estates, FL, though some of these residents may live in Palmetto Estates, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$36,201

Median earning men ± $852

$29,654

Median earning women ± $5,921

The industries with the best median earnings for men in 2024 are Public Administration ($72,368), Finance & Insurance, & Real Estate & Rental & Leasing ($49,297), and Manufacturing ($48,571).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($61,875), Public Administration ($52,159), and Manufacturing ($37,230).

Housing & Living

The median property value in Palmetto Estates, FL was $445,900 in 2024, which is 1.34 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $412,200 to $445,900, a 8.18% increase. The homeownership rate in Palmetto Estates, FL is 86.3%, which is higher than the national average of 65.2%.

People in Palmetto Estates, FL have an average commute time of 34.4 minutes, and they drove alone to work. Car ownership in Palmetto Estates, FL is higher than the national average, with an average of 3 cars per household.

Housing

Property

$445,900

Median Property Value 2024

±$13,197

$3,646

Median Property Taxes

±$536

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 Estates, FL the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

86.3%

Homeownership

2024

71.1%

Homeowners with Mortgage

2024

In 2024, 86.3% of the housing units in Palmetto Estates, FL were occupied by their owner. This percentage declined from the previous year's rate of 89.2%.

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

Equity

Household Income

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

$82,064

Median Household Income

± $3,955

4.22k

Number of Households

± 558

In 2024, the median household income of the 4.22k households in Palmetto Estates, FL declined from $82,064 from the previous year's value of $82,199.

The following chart displays the households in Palmetto Estates, 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 $75k - $100k range.

Wage Distribution

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

0.471

2024 Wage GINI in Florida

0.473

2023 Wage GINI in Florida

In 2024, the income inequality in Florida was 0.471 according to the GINI calculation of the wage distribution. Income inequality had a 0.383% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.474. 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 2024

Drove Alone (80.4%)
Carpooled (10.4%)
Worked At Home (4.54%)

In 2024, 80.4% of workers in Palmetto Estates, FL drove alone to work, followed by those who carpooled to work (10.4%) and those who worked at home (4.54%).

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

34.4 minutes

Average Travel Time

Using averages, employees in Palmetto Estates, FL have a longer commute time (34.4 minutes) than the normal US worker (26.4 minutes). Additionally, 2.71% of the workforce in Palmetto Estates, FL have "super commutes" in excess of 90 minutes.

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

Car Ownership

3 cars

Average Number

The following chart displays the households in Palmetto Estates, FL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Palmetto Estates, FL have 3 cars.

Poverty

Poverty & Diversity

11.6% of the population for whom poverty status is determined in Palmetto Estates, FL (1.86k out of 16.1k 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 45 - 54, followed by Females 35 - 44 and then Males 35 - 44.

The most common racial or ethnic group living below the poverty line in Palmetto Estates, FL is Black, 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

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

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

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