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Palmetto Bay, FL

Comprehensive demographics, housing data, local amenities, and economic statistics for Palmetto Bay.

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Community Insights

High Incomes
$152k/year
top 4% nationally
Amenity Score
74/100
highly walkable area
Leading Industries
Arts, Food & Hospitality · Education · Healthcare
11% arts, food & hospitality
Home Value Growth⬆⬆⬆
+32.9% over 2 years
Young Adults
26% of residents
Homeowners
78% of occupied units

People & Demographics

Total Population24,657
Households—
Under 18
22.0%
Age 18–34
26.0%
Age 35–64
35.0%
Age 65+
17.0%
Veterans
5.0%
Active Duty
0.0%

Housing & Living

Median Home Value$885,133
Median Gross Rent$2,382/mo
Owner Occupied
78.3%
Renter Occupied
21.7%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$151,825
Poverty Rate—

Key Industries

Healthcare14.0%
Professional Services2.0%
Manufacturing0.0%
Retail4.0%
Education3.0%

Amenities & Transit

Transit Score28 / 100
Walkability / Amenities74 / 100
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
28.0%
Master's or Higher
13.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of Palmetto Bay?›

The total population of Palmetto Bay is approximately 24,657. The largest age group is 35-64 year olds. This demographic data is sourced from the U.S. Census Bureau.

Is Palmetto Bay walkable and transit-friendly?›

Based on local geographic data, Palmetto Bay has an amenity and walkability score of 74/100 and a transit score of 28/100. This indicates moderate access to local amenities and transportation.

Do more people rent or own homes in Palmetto Bay?›

The housing market in Palmetto Bay is predominantly driven by homeowners, with 78% of housing units being owner-occupied and 22% being renter-occupied.

What is the education level of residents in Palmetto Bay?›

In Palmetto Bay, approximately 28% of adult residents hold a bachelor's degree or higher. Additionally, 13% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.