Population 23,231 · Census ACS 2020–24
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Population and households in Palmetto Bay
Household size in Palmetto Bay
| Period | Palmetto Bay | Miami area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.18 | 2.80 | 2.63 | 2.68 |
| 2010–14 | 3.35 | 2.95 | 2.73 | 2.73 |
| 2015–19 | 3.27 | 2.97 | 2.75 | 2.71 |
| 2020–24 | 3.04 | 2.80 | 2.63 | 2.65 |
| Change | −0.14 | +0.00 | +0.00 | −0.03 |
Palmetto Bay is a place of big households: 3.04 people per home on average, compared with 2.65 nationally. Numbers like that usually point to plenty of families with kids. Household size has dropped from 3.18 in 2006–10, a much bigger shift than nationally.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Palmetto Bay
| Period | Palmetto Bay | Miami area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 40.6 | 39.9 | 40.8 | 37.7 |
| 2010–14 | 41.2 | 40.9 | 42.0 | 38.6 |
| 2015–19 | 41.6 | 41.9 | 43.0 | 39.6 |
| 2020–24 | 42.0 | 42.8 | 43.5 | 40.1 |
| Change | +1.4 | +2.9 | +2.7 | +2.3 |
The median resident of Palmetto Bay is 42.0 years old, a bit older than the national median of 40.1. That is in line with the rest of the Miami area. Since 2006–10, the median age has climbed from 40.6, as it has nationally.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Palmetto Bay
| Period | Palmetto Bay | Miami area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.7% | 14.3% | 12.4% | 12.3% |
| 2010–14 | 9.6% | 14.2% | 12.2% | 12.3% |
| 2015–19 | 7.0% | 13.3% | 11.5% | 11.6% |
| 2020–24 | 5.5% | 13.2% | 11.4% | 11.6% |
| Change | −2.2 pts | −1.1 pts | −1.0 pts | −0.6 pts |
Single parents head only 5.5% of households in Palmetto Bay, well below the national share of 11.6%. The single-parent share is down 2.2 points from 2006–10, a much bigger shift than nationally. Palmetto Bay has a lower share of single-parent households than the great majority of Florida cities.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Palmetto Bay
Renters in Palmetto Bay
| Period | Palmetto Bay | Miami area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 11.6% | 34.2% | 30.3% | 33.3% |
| 2010–14 | 13.4% | 37.9% | 33.9% | 35.6% |
| 2015–19 | 17.0% | 40.7% | 34.6% | 36.0% |
| 2020–24 | 19.6% | 39.5% | 32.4% | 34.8% |
| Change | +8.0 pts | +5.3 pts | +2.1 pts | +1.5 pts |
Palmetto Bay is largely a place of homeowners: only 19.6% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Nearly four in ten owners (37.7%) have paid off their mortgages, about the same as nationally. The renter share has risen 8.0 points since 2006–10, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Palmetto Bay
| Period | Palmetto Bay | Miami area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.0% | 15.4% | 17.2% | 11.4% |
| 2010–14 | 9.2% | 15.3% | 17.6% | 11.4% |
| 2015–19 | 7.0% | 13.1% | 15.4% | 11.1% |
| 2020–24 | 7.3% | 10.9% | 12.5% | 9.6% |
| Change | −1.7 pts | −4.5 pts | −4.8 pts | −1.8 pts |
Vacancy is on the low side in Palmetto Bay: 7.3% of homes sit empty, against 9.6% nationally, which points to steady demand for housing. Vacancy is down 1.7 points from 2006–10, as it has nationally. Palmetto Bay has a lower vacancy rate than the great majority of Florida cities.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Palmetto Bay
| Period | Palmetto Bay | Miami area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 1975 | 1979 | 1984 | 1974 |
| 2010–14 | 1973 | 1979 | 1985 | 1975 |
| 2015–19 | 1976 | 1980 | 1986 | 1977 |
| 2020–24 | 1978 | 1983 | 1989 | 1980 |
| Change | +3 | +4 | +5 | +6 |
The typical home in Palmetto Bay was built around 1978, about the same vintage as the country's housing overall (1980). Homes here are older than in the wider Miami area, where the median home dates to 1983. The median year built has moved up from 1975 in 2006–10, a sign of steady new building. Newer construction is concentrated in the southwest, while the north has the oldest housing.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Palmetto Bay
| Period | Palmetto Bay | Miami area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,500 | $1,256 | $1,092 | $965 |
| 2010–14 | $1,529 | $1,306 | $1,123 | $1,040 |
| 2015–19 | $2,058 | $1,586 | $1,323 | $1,213 |
| 2020–24 | $2,321 | $2,112 | $1,816 | $1,571 |
| Change | +$821 | +$856 | +$724 | +$606 |
Rent in Palmetto Bay runs $2,321 a month at the median, utilities included, well above the U.S. median of $1,571. Rent has climbed $821 a month since 2006–10, up 55%, a slower climb than the nation's. The typical renter here spends 40.6% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched. Renters on a budget will find the lowest rents in the center; the highest are in the northeast.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Palmetto Bay
Bachelor's degrees in Palmetto Bay
| Period | Palmetto Bay | Miami area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 50.0% | 29.1% | 26.4% | 28.4% |
| 2010–14 | 54.1% | 29.3% | 27.0% | 29.6% |
| 2015–19 | 59.6% | 32.5% | 30.0% | 32.1% |
| 2020–24 | 61.3% | 37.1% | 34.6% | 35.6% |
| Change | +11.3 pts | +8.0 pts | +8.2 pts | +7.2 pts |
Palmetto Bay is highly educated: about six in ten adults 25 and older (61.3%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree has risen 11.3 points since 2006–10, in line with the national trend. Only 16 of the 512 Florida cities with 5,000+ people have a higher share of college graduates.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Palmetto Bay
| Period | Palmetto Bay | Miami area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 93.0% | 83.0% | 85.5% | 84.9% |
| 2010–14 | 94.8% | 84.2% | 86.5% | 86.1% |
| 2015–19 | 95.6% | 85.6% | 88.2% | 87.7% |
| 2020–24 | 93.7% | 87.4% | 90.0% | 89.3% |
| Change | +0.7 pts | +4.4 pts | +4.4 pts | +4.3 pts |
High school completion in Palmetto Bay is above the national rate: 93.7% of adults have a diploma, against 89.3%. The share with a diploma is up 0.7 points from 2006–10, a smaller shift than nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Palmetto Bay
| Period | Palmetto Bay | Miami area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.0% | 8.8% | 8.9% | 8.1% |
| 2010–14 | 8.4% | 11.3% | 11.0% | 9.4% |
| 2015–19 | 6.3% | 5.8% | 5.7% | 5.6% |
| 2020–24 | 2.7% | 5.0% | 4.8% | 5.4% |
| Change | −3.3 pts | −3.8 pts | −4.1 pts | −2.7 pts |
Unemployment in Palmetto Bay has been low: just 2.7% of the labor force was out of work and looking, well below the national rate of 5.4%. Unemployment has fallen 3.3 points since 2006–10, as it has nationally. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Palmetto Bay compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Palmetto Bay | 3.04 | 42.0 | 5.5% | 19.6% | 7.3% | 1978 | $2,321 | 61.3% | 93.7% | 2.7% |
| Palmetto Estates | 3.78 | 43.0 | 16.8% | 16.3% | 5.1% | 1974 | $1,891 | 27.4% | 83.6% | 4.7% |
| West Perrine | 3.40 | 39.3 | 31.0% | 44.6% | 10.1% | 1977 | $1,620 | 23.0% | 85.5% | 8.3% |
| Richmond Heights | 3.26 | 39.6 | 18.1% | 29.8% | 7.1% | 1971 | $1,784 | 25.9% | 86.2% | 3.0% |
| Cutler Bay | 3.15 | 42.2 | 15.5% | 32.0% | 5.6% | 1983 | $2,267 | 34.7% | 88.3% | 5.2% |
| Perrine | 2.66 | 53.0 | 10.2% | 11.7% | 12.9% | 1973 | $1,713 | 26.8% | 80.8% | 8.0% |
| Pinecrest | 3.13 | 43.3 | 4.4% | 16.1% | 7.8% | 1973 | $2,766 | 74.4% | 97.9% | 3.2% |
| South Miami Heights | 3.30 | 42.7 | 16.8% | 39.4% | 5.1% | 1978 | $1,626 | 18.9% | 81.5% | 6.5% |
| Kendall | 2.69 | 44.3 | 9.4% | 36.9% | 8.0% | 1979 | $2,124 | 49.5% | 93.3% | 3.4% |
| Three Lakes | 3.17 | 36.3 | 15.9% | 33.7% | 4.7% | 1998 | $2,380 | 39.5% | 90.9% | 3.1% |
| Goulds | 3.23 | 41.7 | 25.5% | 47.7% | 6.4% | 1990 | $1,598 | 17.2% | 78.8% | 7.7% |
All figures 2020–24.
Cities with similar populations: American Canyon, CA · New Brighton, MN · North Salt Lake, UT · North Lynnwood, WA · North Liberty, IA · North Kingstown, RI · Nogales, AZ · Nipomo, CA · Newton, MA · New Philadelphia, OH
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Palmetto Bay. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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