Palmetto Bay, FL
Demographics And Statistics

We take you around Palmetto Bay to find out what it's like to call it home.

Living in Palmetto Bay, Florida

Life in Palmetto Bay research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Palmetto Bay over the past nine years using Census, FBI, Zillow, and other primary data sources. Here's a snapshot of Palmetto Bay based on the most recently available data.

24,639 Population
$920,527 Median home value
$142,447 Median income
154 Cost of living +54% vs US
$2,101 Median rent
2.7% Unemployment
Not sure Palmetto Bay fits? Try our place-match quiz → Planning a move? Find movers to Palmetto Bay, FL Get matched →

Palmetto Bay SnackAbility

9
Overall SnackAbility
Jobs 8/10
Housing 9/10
Affordability 8/10
Diversity 9/10
Safety 7/10
Amenities 9/10
Education 9/10
Commute 3/10

Crime in Palmetto Bay summary. We use data from the FBI to determine the crime rates in Palmetto Bay. Key points include:

  • There were 525 total crimes in Palmetto Bay in the last reporting year.

  • The overall crime rate per 100,000 people in Palmetto Bay is 2,165.4 / 100k people.

  • The violent crime rate per 100,000 people in Palmetto Bay is 148.5 / 100k people.

  • The property crime rate per 100,000 people in Palmetto Bay is 2,016.9 / 100k people.

  • Overall, crime in Palmetto Bay is 2.18% above the national average.

525
Total Crimes
2.18%
Above National Average
Palmetto Bay
US

Crime In Palmetto Bay Comparison Table

Statistic Count
Raw
Palmetto Bay
/ 100k People
Florida
/ 100k People
National
/ 100k People
Total Crimes Per 100K 525 2,165.4 1,687.5 2,119.2
Violent Crime 36 148.5 267.1 359.0
Murder 0 0.0 3.9 5.0
Robbery 12 49.5 38.2 61.0
Aggravated Assault 20 82.5 197.1 256.0
Property Crime 489 2,016.9 1,420.4 1,760.0
Burglary 23 94.9 152.5 229.0
Larceny 433 1,785.9 1,144.9 1,272.0
Car Theft 33 136.1 123.0 259.0
Worried about safety? Compare home security systems in Palmetto Bay Get matched →

Source: FBI Uniform Crime Reporting (2024)

Cost of living in Palmetto Bay summary. We use data on the cost of living to determine how expensive it is to live in Palmetto Bay. Real estate prices drive most of the variance in cost of living around Florida. Key points include:

  • The cost of living in Palmetto Bay is 154 with 100 being average.

  • The cost of living in Palmetto Bay is 1.5x higher than the national average.

  • The median home value in Palmetto Bay is $920,527.

  • The median income in Palmetto Bay is $142,447.

154
Palmetto Bay's Overall Cost Of Living
1.5x
Higher Than The National Average
Palmetto Bay
US

Cost Of Living In Palmetto Bay Comparison Table

Living Expense Palmetto Bay Florida National Average
Overall 154 104 100
Services 102 101 100
Groceries 103 105 100
Health 274 99 100
Housing 105 104 100
Transportation 112 109 100
Utilities 104 105 100
Protect your home budget Compare home warranties in Palmetto Bay Get matched →

Source: Cost of living index, normalized to US average = 100

Palmetto Bay, FL Weather

  • The average high in Palmetto Bay is 83.2° and the average low is 68.8°.

  • There are 80.2 days of precipitation each year.

  • Expect an average of 55.4 inches of precipitation each year with 0.0 inches of snow.

StatPalmetto Bay
Average Annual High83.2
Average Annual Low68.8
Annual Precipitation Days80.2
Average Annual Precipitation55.4
Average Annual Snowfall0.0
83.2°
Average High
80.2
Days of Rain

Source: NOAA climate normals (30-year)

Palmetto Bay, FL Photos

Destruction Following Hurricane Andrew
Source: Public Domain

Rankings & Articles For Palmetto Bay

Locations Around Palmetto Bay

Map Of Palmetto Bay, FL

Best Places Around Palmetto Bay

1

Coral Gables, FL
Population 49,802

$1,516,825+65% vs Palmetto Bay
2

Richmond West, FL
Population 35,593

$511,799-44% vs Palmetto Bay
3

Coral Terrace, FL
Population 24,895

$609,952-34% vs Palmetto Bay
4

The Crossings, FL
Population 22,963

$500,729-46% vs Palmetto Bay
5

Palmetto Estates, FL
Population 16,129

$466,594-49% vs Palmetto Bay
6

Country Walk, FL
Population 19,291

$572,386-38% vs Palmetto Bay
7

Sunset, FL
Population 13,535

$629,206-32% vs Palmetto Bay
8

Kendale Lakes, FL
Population 52,622

$423,273-54% vs Palmetto Bay
9

Tamiami, FL
Population 49,752

$610,318-34% vs Palmetto Bay
10

Three Lakes, FL
Population 16,888

$503,637-45% vs Palmetto Bay

Palmetto Bay Demographics And Statistics

Population over time in Palmetto Bay

The current population in Palmetto Bay is 24,639. The population has increased 5.3% from 2010.

Year Population % Change
2024 24,639 1.6%
2023 24,247 -0.1%
2022 24,267 -0.2%
2021 24,327 0.1%
2020 24,308 -0.1%
2019 24,333 -0.9%
2018 24,564 -0.5%
2017 24,679 0.6%
2016 24,522 0.3%
2015 24,443 0.9%
2014 24,214 1.5%
2013 23,863 0.9%
2012 23,650 0.7%
2011 23,493 0.4%
2010 23,409 -

Race / Ethnicity in Palmetto Bay

White 36.3% (8,945)
African American 4.3% (1,059)
American Indian 0.0% (0)
Asian 4.1% (1,018)
Hawaiian 0.0% (0)
Other 1.1% (274)
Two Or More 3.0% (749)
Hispanic 51.1% (12,594)
See the full breakdown

Palmetto Bay is:

  • 36.3% White with 8,945 White residents.

  • 4.3% African American with 1,059 African American residents.

  • 0.0% American Indian with 0 American Indian residents.

  • 4.1% Asian with 1,018 Asian residents.

  • 0.0% Hawaiian with 0 Hawaiian residents.

  • 1.1% Other with 274 Other residents.

  • 3.0% Two Or More with 749 Two Or More residents.

  • 51.1% Hispanic with 12,594 Hispanic residents.

Race Palmetto Bay FL USA
White 36.3% 50.4% 57.4%
African American 4.3% 14.6% 11.9%
American Indian 0.0% 0.1% 0.5%
Asian 4.1% 2.9% 5.9%
Hawaiian 0.0% 0.1% 0.2%
Other 1.1% 0.7% 0.6%
Two Or More 3.0% 3.8% 4.3%
Hispanic 51.1% 27.4% 19.3%

Gender in Palmetto Bay

Female 49.3% (12,138)
Male 50.7% (12,501)
See the full breakdown
  • Palmetto Bay is 49.3% female with 12,138 female residents.

  • Palmetto Bay is 50.7% male with 12,501 male residents.

Gender Palmetto Bay FL USA
Female 49.3% 50.9% 50.5%
Male 50.7% 49.1% 49.5%

Highest level of educational attainment in Palmetto Bay for adults over 25

< 9th Grade 3.0% (739)
9-12th Grade 4.0% (985)
High School / GED 11.0% (2,710)
Some College 13.0% (3,203)
Associate's Degree 9.0% (2,217)
Bachelor's Degree 33.0% (8,130)
Master's Degree 16.0% (3,942)
Professional Degree 7.0% (1,724)
Doctorate Degree 4.0% (985)
See the full breakdown
  • 3.0% of adults in Palmetto Bay completed < 9th grade.

  • 4.0% of adults in Palmetto Bay completed 9-12th grade.

  • 11.0% of adults in Palmetto Bay completed high school / ged.

  • 13.0% of adults in Palmetto Bay completed some college.

  • 9.0% of adults in Palmetto Bay completed associate's degree.

  • 33.0% of adults in Palmetto Bay completed bachelor's degree.

  • 16.0% of adults in Palmetto Bay completed master's degree.

  • 7.0% of adults in Palmetto Bay completed professional degree.

  • 4.0% of adults in Palmetto Bay completed doctorate degree.

Education Palmetto Bay FL USA
< 9th Grade 3.0% 5.0% 4.0%
9-12th Grade 4.0% 6.0% 6.0%
High School / GED 11.0% 27.0% 26.0%
Some College 13.0% 19.0% 19.0%
Associate's Degree 9.0% 10.0% 9.0%
Bachelor's Degree 33.0% 21.0% 22.0%
Master's Degree 16.0% 9.0% 10.0%
Professional Degree 7.0% 2.0% 2.0%
Doctorate Degree 4.0% 1.0% 2.0%

Household Income For Palmetto Bay, Florida

Less than $10,000 2.1% (51,696)
$10,000 to $14,999 2.0% (50,487)
$15,000 to $24,999 5.6% (138,764)
$25,000 to $34,999 2.0% (49,278)
$35,000 to $49,999 6.4% (158,112)
$50,000 to $74,999 8.7% (213,739)
$75,000 to $99,999 7.9% (194,693)
$100,000 to $149,999 17.7% (435,641)
$150,000 to $199,999 11.4% (280,552)
$200,000 or more 36.2% (890,934)
See the full breakdown
  • 2.1% of households in Palmetto Bay earn Less than $10,000.

  • 2.0% of households in Palmetto Bay earn $10,000 to $14,999.

  • 5.6% of households in Palmetto Bay earn $15,000 to $24,999.

  • 2.0% of households in Palmetto Bay earn $25,000 to $34,999.

  • 6.4% of households in Palmetto Bay earn $35,000 to $49,999.

  • 8.7% of households in Palmetto Bay earn $50,000 to $74,999.

  • 7.9% of households in Palmetto Bay earn $75,000 to $99,999.

  • 17.7% of households in Palmetto Bay earn $100,000 to $149,999.

  • 11.4% of households in Palmetto Bay earn $150,000 to $199,999.

  • 36.2% of households in Palmetto Bay earn $200,000 or more.

Income Palmetto Bay FL USA
Less than $10,000 2.1% 5.1% 5.0%
$10,000 to $14,999 2.0% 3.3% 3.4%
$15,000 to $24,999 5.6% 6.6% 6.3%
$25,000 to $34,999 2.0% 7.3% 6.6%
$35,000 to $49,999 6.4% 11.1% 10.1%
$50,000 to $74,999 8.7% 16.8% 15.5%
$75,000 to $99,999 7.9% 13.1% 12.6%
$100,000 to $149,999 17.7% 17.2% 17.5%
$150,000 to $199,999 11.4% 8.4% 9.6%
$200,000 or more 36.2% 11.0% 13.4%

Source: U.S. Census ACS 5-year estimates (2024)