Palmetto Bay, FL demographics:
population, income, and more

Total population
24,639
1.6% year-over-year change
Median household income
$142,447/yr
-0.6% year-over-year change
Housing units
8,681
-0.9% year-over-year change

Palmetto Bay population

How many people live in Palmetto Bay

Palmetto Bay is home to 24,639 residents, according to the most recent Census data. Gender-wise, 50.7% of Palmetto Bay locals are male, and 49.3% are female.

Total population
24,639
1.6% year-over-year change
Gender ratio
Male
50.7%
12,501
Female
49.3%
12,138
Value Percent YoY change
Male 12,501 50.7% -2.5%
Female 12,138 49.3% 6.3%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Palmetto Bay is 41, with the population distributed as follows: about 20.3% are children under 15, then 10.2% are in the 15 to 24 age group. Adults between 25 and 44 make up 24.4% of the population, while another 29.7% fall into the 45 to 64 bracket. Finally, around 15.5% are 65 or older.

Median age
41
Age breakdown
Under 15
20.3%
15 to 24
10.2%
25 to 44
24.4%
45 to 64
29.7%
Over 65
15.5%
Value Percent YoY change
Under 15 5,005 20.3% 2.1%
15 to 24 2,503 10.2% -9.1%
25 to 44 6,011 24.4% 7.0%
45 to 64 7,312 29.7% -1.9%
Over 65 3,808 15.5% 8.1%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Palmetto Bay, 63.6% of the population are US-born citizens, while 26.2% have gained naturalized citizenship. At the same time, 10.2% of residents are non-citizens. As for race, 49.3% of locals are Caucasian, 4.6% are African American and 4.4% have Asian roots. There’s also a share of 38.3% that includes residents with two or more races.

Citizenship
U.S.-born citizens
63.6%
Non-U.S.-born citizens
26.2%
Non-citizens
10.2%
Value Percent YoY change
U.S.-born citizens 15,670 63.6% -1.9%
Non-U.S.-born citizens 6,451 26.2% 4.9%
Non-citizens 2,518 10.2% 18.7%
Racial breakdown
White
49.3%
Black or African American
4.6%
American Indian and Alaska Native
0.4%
Asian
4.4%
Native Hawaiian and other Pacific Islander
0%
Two or more races
38.3%
Other
3%
Value Percent
White 12,147 49.3%
Black or African American 1,120 4.6%
American Indian and Alaska Native 110 0.4%
Asian 1,078 4.4%
Two or more races 9,445 38.3%
Other 739 3%

Households in Palmetto Bay

A peek inside Palmetto Bay households

Palmetto Bay has 8,150 households, with an average of 3 members in each. Of these, 78% are families, while the remaining 22% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
8,150
0.1% year-over-year change
Average people per household
3
Non-family households
1,794
Family households
6,356
Value Percent YoY change
Non-family households 1,794 22% 3.8%
Family households 6,356 78% -0.8%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Palmetto Bay

The housing landscape of Palmetto Bay

Palmetto Bay's housing consists of 8,681 units, with 79.4% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 4.2% and offer a more compact, shared living style.

Housing units
8,681
-0.9% year-over-year change
Housing types
Value Percent
1 unit, detached 6,888 79.4%
1 unit, attached 369 4.2%
2 units 79 0.9%
3 or 4 units 104 1.2%
5 to 9 units 93 1.1%
10 to 19 units 97 1.1%
20 to 49 units 285 3.3%
50 or more units 766 8.8%
Homes built since 2020
155
171.9% year-over-year change

The age of buildings in Palmetto Bay

In Palmetto Bay, the median construction year is 1976. About 0.1% of homes were built before the 1940s, with another 0.2% going up by 1949. Most development happened in the second half of the 20th century. Then, 7.6% of homes were added from 2000 to 2009, 6% between 2010 and 2019, and 1.8% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 12 0.1% -14.3%
Built between 1940 and 1949 19 0.2% 111.1%
Built between 1950 and 1959 906 10.4% 3.5%
Built between 1960 and 1969 1,872 21.6% -1.6%
Built between 1970 and 1979 2,731 31.5% -2.4%
Built between 1980 and 1989 934 10.8% -15.1%
Built between 1990 and 1999 863 9.9% -14.0%
Built between 2000 and 2009 664 7.6% 29.7%
Built between 2010 and 2019 525 6% 6.9%
Built in 2020 or later 155 1.8% 171.9%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Palmetto Bay occupancy rates

Out of the 8,150 occupied housing units in Palmetto Bay, 78.2% are owner-occupied, while 21.8% are lived in by tenants. Meanwhile, 6.1% of all homes on the local market sit vacant.

Occupied housing units
8,150
0.1% year-over-year change
Occupancy breakdown
Renter occupied
1,774
Owner occupied
6,376
Value Percent YoY
change
Renter occupied 1,774 21.8% 3.9%
Owner occupied 6,376 78.2% -0.9%
Unoccupied housing units
6.1%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Palmetto Bay housing costs

Housing costs in Palmetto Bay come to a median of $2,553 per month, while tenants specifically pay a median gross rent of $2,101.

Median housing costs per month
$2,553/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Palmetto Bay
$2,101/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Palmetto Bay

Palmetto Bay education at a glance

About 16.8% of the population in Palmetto Bay went to high school, while 13.7% pursued college studies. Another 9.1% earned an associate degree and 31.4% hold a bachelor’s. Meanwhile, 25.2% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 727 3.9% 60.1%
High school diploma 3,127 16.8% 4.3%
College diploma 2,557 13.7% -2.8%
Associate degree 1,692 9.1% 4.6%
Bachelor's degree 5,851 31.4% 2.0%
Graduate degree 4,701 25.2% -0.9%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Palmetto Bay

How much people earn in Palmetto Bay

The average annual household income in Palmetto Bay was $205,511 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +0.1% change from the previous year. At the same time, the median income stood at $142,447, reflecting a -0.6% shift over the same period.

Average household income in Palmetto Bay
$205,511/year
0.1% year-over-year change
Median household income in Palmetto Bay
$142,447/year
-0.6% year-over-year change

Palmetto Bay income by age

In Palmetto Bay, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $146,409. Those with someone between 45 and 64 in charge, often well established professionally, earn $166,223 overall. Overall, 94.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $146,409 -2.9%
45 - 64 $166,223 -3.6%
Over 65 $105,273 9.4%
Above poverty level
22,575
Below poverty level
1,383
Value Percent YoY
change
Above poverty level 22,575 94.2% 1.6%
Below poverty level 1,383 5.8% -6.4%

Average renter income in Palmetto Bay

To get a better sense of what renters earn on average in Palmetto Bay, their median household income was $49,565 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 50.9%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$49,565
Rent-to-income ratio
50.9%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Palmetto Bay

Workforce and job types in Palmetto Bay

The job market in Palmetto Bay is powered by 12,584 working residents, spread across a range of industries and roles. 89% of the working population are employed in professional or administrative positions, while 11% are in hands-on or service-based jobs. Also, 17.3% run their own businesses, 61% are employed by private companies, and 13.7% work in the public sector.

Workforce demographics

Working population
12,584
2.2% year-over-year change
White collar
11,204
Blue collar
1,380
Value Percent YoY change
White collar 11,204 89% 1.1%
Blue collar 1,380 11% 11.8%
Employer type
Self employees
17.3%
Private companies
61%
Governmental workers
13.7%
Not for profit companies
8%
Value Percent YoY change
Self employees 2,175 17.3% 0.9%
Private companies 7,683 61% 3.3%
Governmental workers 1,722 13.7% -0.4%
Not for profit companies 1,004 8% 1.0%
Unemployment rate
2.7%
-19.3% year-over-year change

Available workforce

The unemployment rate in Palmetto Bay stands at 2.7%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Palmetto Bay

How people get around in Palmetto Bay

Commuting methods vary: 71.5% of residents travel by personal vehicle and 1.1% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 8,836 71.5% -0.6%
Taxicab 109 0.9% -14.8%
Bus or trolleybus 115 0.9% 26.4%
Subway or elevated 155 1.2% N/A
Railroad 15 0.1% 50.0%
Motorcycle 77 0.6% -18.1%
Walk 133 1.1% 3.1%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Palmetto Bay by zipcode?

Zipcode Population Number of households Median income Average income
33157 70,596 21,963 $81,589 $118,091
33158 5,960 2,057 $201,597 $283,866

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FAQs about Palmetto Bay demographics 

What is the total population of Palmetto Bay?

Palmetto Bay has a total population of 24,639 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +1.6% compared to a year ago.

What is the gender ratio in Palmetto Bay?

The gender ratio in Palmetto Bay is as follows:
  • 50.7% males (12,501 residents)
  • 49.3% females (12,138 residents)

What is the median age in Palmetto Bay?

The median age in Palmetto Bay is 41.

What is the age distribution of the population in Palmetto Bay?

The age distribution in Palmetto Bay is as follows:
  • Under 15: 20.3% (5,005 residents)
  • Ages 15-24: 10.2% (2,503 residents)
  • Ages 25-44: 24.4% (6,011 residents)
  • Ages 45-64: 29.7% (7,312 residents)
  • Over 65: 15.5% (3,808 residents)

What is the racial and ethnic makeup of Palmetto Bay?

The racial and ethnic makeup of Palmetto Bay is as follows:
  • White: 49.3% (12,147 residents)
  • Black or African American: 4.6% (1,120 residents)
  • American Indian and Alaska Native: 0.4% (110 residents)
  • Asian: 4.4% (1,078 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 38.3% (9,445 residents)
  • Other: 3% (739 residents)

What percentage of the population in Palmetto Bay are U.S.-born citizens?

U.S.-born citizens represent 63.6% of the population in Palmetto Bay.

How many housing units are there in Palmetto Bay?

There are 8,681 housing units in Palmetto Bay, reflecting a -0.9% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Palmetto Bay and what is the average household size?

Palmetto Bay has a total of 8,150 households, with an average of 3 people in each.

What is the median household income in Palmetto Bay?

Palmetto Bay has a median household income of $142,447, representing a -0.6% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Palmetto Bay?

The employment rate is 97.3% in Palmetto Bay, with a workforce of 12,584 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 89% (11,204 residents)
  • Blue-collar workers: 11% (1,380 residents)

Places of employment:
  • Self-employed: 17.3% (2,175 residents)
  • Private companies: 61% (7,683 residents)
  • Governmental workers: 13.7% (1,722 residents)
  • Not-for-profit companies: 8% (1,004 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.

Page last updated: September 2025