Palmetto, FL demographics:
population, income, and more

Total population
13,588
1.0% year-over-year change
Median household income
$62,621/yr
1.8% year-over-year change
Housing units
7,113
-1.5% year-over-year change

Palmetto population

How many people live in Palmetto

Palmetto is home to 13,588 residents, according to the most recent Census data. Gender-wise, 47.4% of Palmetto locals are male, and 52.6% are female.

Total population
13,588
1.0% year-over-year change
Gender ratio
Male
47.4%
6,446
Female
52.6%
7,142
Value Percent YoY change
Male 6,446 47.4% -0.5%
Female 7,142 52.6% 2.5%
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 is 50, with the population distributed as follows: about 17.4% are children under 15, then 10.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 17.5% of the population, while another 24.6% fall into the 45 to 64 bracket. Finally, around 30% are 65 or older.

Median age
49.8
Age breakdown
Under 15
17.4%
15 to 24
10.5%
25 to 44
17.5%
45 to 64
24.6%
Over 65
30%
Value Percent YoY change
Under 15 2,368 17.4% 10.1%
15 to 24 1,426 10.5% 37.6%
25 to 44 2,380 17.5% -3.5%
45 to 64 3,342 24.6% -12.8%
Over 65 4,072 30% 2.7%
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, 87.6% of the population are US-born citizens, while 7.7% have gained naturalized citizenship. At the same time, 4.7% of residents are non-citizens. As for race, 66.1% of locals are Caucasian, 11.1% are African American and 0.1% have Asian roots. Another 0.9% are Indigenous American, 0.3% are Pacific Islanders, while 15% identify as another race. There’s also a share of 6.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
87.6%
Non-U.S.-born citizens
7.7%
Non-citizens
4.7%
Value Percent YoY change
U.S.-born citizens 11,905 87.6% 0.2%
Non-U.S.-born citizens 1,048 7.7% 30.0%
Non-citizens 635 4.7% -16.4%
Racial breakdown
White
66.1%
Black or African American
11.1%
American Indian and Alaska Native
0.9%
Asian
0.1%
Native Hawaiian and other Pacific Islander
0.3%
Two or more races
6.6%
Other
15%
Value Percent
White 8,976 66.1%
Black or African American 1,514 11.1%
American Indian and Alaska Native 117 0.9%
Asian 10 0.1%
Native Hawaiian and other Pacific Islander 36 0.3%
Two or more races 897 6.6%
Other 2,038 15%

Households in Palmetto

A peek inside Palmetto households

Palmetto has 5,274 households, with an average of 3 members in each. Of these, 65.8% are families, while the remaining 34.2% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
5,274
-0.8% year-over-year change
Average people per household
3
Non-family households
1,801
Family households
3,473
Value Percent YoY change
Non-family households 1,801 34.2% -1.0%
Family households 3,473 65.8% -0.7%
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

The housing landscape of Palmetto

Palmetto's housing consists of 7,113 units, with 33.7% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 5.6% 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 31% of the housing landscape.

Housing units
7,113
-1.5% year-over-year change
Housing types
Value Percent
1 unit, detached 2,399 33.7%
1 unit, attached 395 5.6%
2 units 376 5.3%
3 or 4 units 46 0.6%
5 to 9 units 72 1%
10 to 19 units 305 4.3%
20 to 49 units 673 9.5%
50 or more units 624 8.8%
Mobile home 2,205 31%
Boat, RV, van, etc. 18 0.2%
Homes built since 2020
179
9.8% year-over-year change

The age of buildings in Palmetto

In Palmetto, the median construction year is 1983. About 4.3% of homes were built before the 1940s, with another 1.8% going up by 1949. Most development happened in the second half of the 20th century. Then, 18.9% of homes were added from 2000 to 2009, 4.9% between 2010 and 2019, and 2.5% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 304 4.3% -11.1%
Built between 1940 and 1949 130 1.8% 16.1%
Built between 1950 and 1959 376 5.3% -19.8%
Built between 1960 and 1969 1,206 17% -1.1%
Built between 1970 and 1979 1,291 18.2% -11.3%
Built between 1980 and 1989 828 11.6% -8.5%
Built between 1990 and 1999 1,107 15.6% 13.5%
Built between 2000 and 2009 1,346 18.9% 2.3%
Built between 2010 and 2019 346 4.9% 30.6%
Built in 2020 or later 179 2.5% 9.8%
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 occupancy rates

Out of the 5,274 occupied housing units in Palmetto, 68.8% are owner-occupied, while 31.2% are lived in by tenants. Meanwhile, 25.9% of all homes on the local market sit vacant.

Occupied housing units
5,274
-0.8% year-over-year change
Occupancy breakdown
Renter occupied
1,645
Owner occupied
3,629
Value Percent YoY
change
Renter occupied 1,645 31.2% -3.5%
Owner occupied 3,629 68.8% 0.5%
Unoccupied housing units
25.9%
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 housing costs

Housing costs in Palmetto come to a median of $1,243 per month, while tenants specifically pay a median gross rent of $1,366.

Median housing costs per month
$1,243/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
$1,366/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

Palmetto education at a glance

About 36.1% of the population in Palmetto went to high school, while 20.6% pursued college studies. Another 10% earned an associate degree and 18.6% hold a bachelor’s. Meanwhile, 7.3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 810 7.5% 28.2%
High school diploma 3,919 36.1% -1.7%
College diploma 2,236 20.6% -1.1%
Associate degree 1,080 10% 12.3%
Bachelor's degree 2,020 18.6% -14.4%
Graduate degree 791 7.3% -8.3%
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

How much people earn in Palmetto

The average annual household income in Palmetto was $98,038 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +2.6% change from the previous year. At the same time, the median income stood at $62,621, reflecting a +1.8% shift over the same period.

Average household income in Palmetto
$98,038/year
2.6% year-over-year change
Median household income in Palmetto
$62,621/year
1.8% year-over-year change

Palmetto income by age

In Palmetto, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $97,174. Those with someone between 45 and 64 in charge, often well established professionally, earn $71,563 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $77,764, while those led by someone over 65, many of whom may be retired, have about $47,937 in earnings. Overall, 86.7% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $77,764 N/A
25 - 44 $97,174 20.5%
45 - 64 $71,563 2.1%
Over 65 $47,937 -3.2%
Above poverty level
11,595
Below poverty level
1,779
Value Percent YoY
change
Above poverty level 11,595 86.7% 1.5%
Below poverty level 1,779 13.3% -5.7%

Average renter income in Palmetto

To get a better sense of what renters earn on average in Palmetto, their median household income was $38,000 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 43.1%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$38,000
Rent-to-income ratio
43.1%
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

Workforce and job types in Palmetto

The job market in Palmetto is powered by 5,703 working residents, spread across a range of industries and roles. 77.8% of the working population are employed in professional or administrative positions, while 22.2% are in hands-on or service-based jobs. Also, 9.7% run their own businesses, 68.4% are employed by private companies, and 14.4% work in the public sector.

Workforce demographics

Working population
5,703
-4.9% year-over-year change
White collar
4,437
Blue collar
1,266
Value Percent YoY change
White collar 4,437 77.8% -5.3%
Blue collar 1,266 22.2% -3.4%
Employer type
Self employees
9.7%
Private companies
68.4%
Governmental workers
14.4%
Not for profit companies
7.4%
Value Percent YoY change
Self employees 555 9.7% -27.0%
Private companies 3,903 68.4% 3.0%
Governmental workers 823 14.4% 1.6%
Not for profit companies 422 7.4% -34.0%
Unemployment rate
2.6%
-33.3% year-over-year change

Available workforce

The unemployment rate in Palmetto stands at 2.6%, 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

How people get around in Palmetto

Commuting methods vary: 85.3% of residents travel by personal vehicle and 2.9% 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 4,833 85.3% -3.6%
Taxicab 17 0.3% N/A
Bus or trolleybus 25 0.4% 78.6%
Bicycle 2 0% 0.0%
Walk 165 2.9% -3.5%
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 by zipcode?

Zipcode Population Number of households Median income Average income
34221 56,208 21,151 $77,712 $106,451

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FAQs about Palmetto demographics 

What is the total population of Palmetto?

Palmetto has a total population of 13,588 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 +1.0% compared to a year ago.

What is the gender ratio in Palmetto?

The gender ratio in Palmetto is as follows:
  • 47.4% males (6,446 residents)
  • 52.6% females (7,142 residents)

What is the median age in Palmetto?

The median age in Palmetto is 49.8.

What is the age distribution of the population in Palmetto?

The age distribution in Palmetto is as follows:
  • Under 15: 17.4% (2,368 residents)
  • Ages 15-24: 10.5% (1,426 residents)
  • Ages 25-44: 17.5% (2,380 residents)
  • Ages 45-64: 24.6% (3,342 residents)
  • Over 65: 30% (4,072 residents)

What is the racial and ethnic makeup of Palmetto?

The racial and ethnic makeup of Palmetto is as follows:
  • White: 66.1% (8,976 residents)
  • Black or African American: 11.1% (1,514 residents)
  • American Indian and Alaska Native: 0.9% (117 residents)
  • Asian: 0.1% (10 residents)
  • Native Hawaiian and Other Pacific Islander: 0.3% (36 residents)
  • Two or More Races: 6.6% (897 residents)
  • Other: 15% (2,038 residents)

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

U.S.-born citizens represent 87.6% of the population in Palmetto.

How many housing units are there in Palmetto?

There are 7,113 housing units in Palmetto, reflecting a -1.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

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

Palmetto has a total of 5,274 households, with an average of 3 people in each.

What is the median household income in Palmetto?

Palmetto has a median household income of $62,621, representing a +1.8% shift from the previous year, according to the U.S. Census Bureau.

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

The employment rate is 97.4% in Palmetto, with a workforce of 5,703 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 77.8% (4,437 residents)
  • Blue-collar workers: 22.2% (1,266 residents)

Places of employment:
  • Self-employed: 9.7% (555 residents)
  • Private companies: 68.4% (3,903 residents)
  • Governmental workers: 14.4% (823 residents)
  • Not-for-profit companies: 7.4% (422 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