Palm Island, Miami Beach, Miami-Dade County, FL demographics:
population, income, and more
Palm Island population
How many people live in Palm Island
Palm Island is home to 613 residents, according to the most recent Census data. Gender-wise, 55.1% of Palm Island locals are male, and 44.7% are female.
Age demographics
The median age in Palm Island is 44, with the population distributed as follows: about 10.8% are children under 15, then 6% are in the 15 to 24 age group. Adults between 25 and 44 make up 35.8% of the population, while another 29.2% fall into the 45 to 64 bracket. Finally, around 18.1% are 65 or older.
Racial makeup
In Palm Island, 45.7% of the population are US-born citizens, while 28.7% have gained naturalized citizenship. At the same time, 25.6% of residents are non-citizens. As for race, 63.2% of locals are Caucasian, 4.6% are African American and 2.6% have Asian roots. There’s also a share of 20.8% that includes residents with two or more races.
Households in Palm Island
A peek inside Palm Island households
Palm Island has 360 households, with an average of 2 members in each. Of these, 34.4% are families, while the remaining 65.6% are made up of individuals living alone or with non-relatives, such as roommates.
Households stats
Housing in Palm Island
The housing landscape of Palm Island
Palm Island's housing consists of 549 units, with 4.7% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 1.4% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 0.6% of the housing landscape.
The age of buildings in Palm Island
In Palm Island, the median construction year is 1970. About 14% of homes were built before the 1940s, with another 6.6% going up by 1949. Most development happened in the second half of the 20th century. Then, 12.2% of homes were added from 2000 to 2009, 3.3% between 2010 and 2019, and 0.9% are part of the newest wave of development.
Palm Island occupancy rates
Out of the 360 occupied housing units in Palm Island, 37.2% are owner-occupied, while 62.8% are lived in by tenants. Meanwhile, 34.4% of all homes on the local market sit vacant.
Palm Island housing costs
Housing costs in Palm Island come to a median of $1,902 per month, while tenants specifically pay a median gross rent of $1,822.
Education in Palm Island
Palm Island education at a glance
About 21.1% of the population in Palm Island went to high school, while 11.6% pursued college studies. Another 9% earned an associate degree and 28.4% hold a bachelor’s. Meanwhile, 25% went even further, earning a master’s or doctorate.
Income in Palm Island
How much people earn in Palm Island
The average annual household income in Palm Island was $148,138 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +7.7% change from the previous year. At the same time, the median income stood at $69,793, reflecting a +10.1% shift over the same period.
Palm Island income by age
In Palm Island, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $85,595. Those with someone between 45 and 64 in charge, often well established professionally, earn $74,043 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $49,639, while those led by someone over 65, many of whom may be retired, have about $26,306 in earnings. Overall, 83.2% of the locals in this community live above the poverty line.
Employment in Palm Island
Workforce and job types in Palm Island
90.2% of the working population are employed in professional or administrative positions, while 9.8% are in hands-on or service-based jobs. Also, 23.3% run their own businesses, 66.6% are employed by private companies, and 5.3% work in the public sector.
Workforce demographics
Transportation in Palm Island
How people get around in Palm Island
Commuting methods vary: 64.6% of residents travel by personal vehicle and 18.5% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.
What is the median and average household income in Palm Island by zipcode?
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FAQs about Palm Island demographics
What is the total population of Palm Island?
What is the gender ratio in Palm Island?
- 55.1% males (338 residents)
- 44.7% females (274 residents)
What is the median age in Palm Island?
What is the age distribution of the population in Palm Island?
- Under 15: 10.8% (66 residents)
- Ages 15-24: 6% (37 residents)
- Ages 25-44: 35.8% (219 residents)
- Ages 45-64: 29.2% (179 residents)
- Over 65: 18.1% (111 residents)
What is the racial and ethnic makeup of Palm Island?
- White: 63.2% (386 residents)
- Black or African American: 4.6% (28 residents)
- American Indian and Alaska Native: 0.2% (1 residents)
- Asian: 2.6% (16 residents)
- Native Hawaiian and Other Pacific Islander: 0% ( residents)
- Two or More Races: 20.8% (127 residents)
- Other: 8.7% (53 residents)
What percentage of the population in Palm Island are U.S.-born citizens?
How many housing units are there in Palm Island?
How many households are in Palm Island and what is the average household size?
What is the median household income in Palm Island?
What is the job market overview for Palm Island?
Job types:
- White-collar workers: 90.2% (322 residents)
- Blue-collar workers: 9.8% (35 residents)
Places of employment:
- Self-employed: 23.3% (83 residents)
- Private companies: 66.6% (237 residents)
- Governmental workers: 5.3% (19 residents)
- Not-for-profit companies: 4.8% (17 residents)
Data source & methodology
The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.
The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.
No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.