Population 41,434 · Census ACS 2020–24
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Population and households in Palmetto
Household size in Palmetto
| Period | Palmetto | Sarasota area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.46 | 2.40 | 2.63 | 2.68 |
| 2010–14 | 2.68 | 2.42 | 2.73 | 2.73 |
| 2015–19 | 3.05 | 2.53 | 2.75 | 2.71 |
| 2020–24 | 2.75 | 2.35 | 2.63 | 2.65 |
| Change | +0.30 | −0.04 | +0.00 | −0.03 |
The typical household in Palmetto holds 2.75 people, slightly more than the U.S. average of 2.65. Since 2006–10, household size has climbed from 2.46, even as the national average fell. Households are largest in the south and smallest in the northeast.
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
| Period | Palmetto | Sarasota area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 44.8 | 48.6 | 40.8 | 37.7 |
| 2010–14 | 44.4 | 49.9 | 42.0 | 38.6 |
| 2015–19 | 44.3 | 51.4 | 43.0 | 39.6 |
| 2020–24 | 45.6 | 52.0 | 43.5 | 40.1 |
| Change | +0.8 | +3.4 | +2.7 | +2.3 |
Palmetto skews older: half of its residents are older than 45.6, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families. Still, the population here is younger than in the Sarasota area as a whole, where the median age is 52.0. The median age has crept up from 44.8 in 2006–10, mirroring the country.
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
| Period | Palmetto | Sarasota area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 10.0% | 9.4% | 12.4% | 12.3% |
| 2010–14 | 11.0% | 9.0% | 12.2% | 12.3% |
| 2015–19 | 8.9% | 8.0% | 11.5% | 11.6% |
| 2020–24 | 9.4% | 7.2% | 11.4% | 11.6% |
| Change | −0.6 pts | −2.2 pts | −1.0 pts | −0.6 pts |
Single parents head about one in ten households in Palmetto (9.4%), below the national share of 11.6%. Locally, though, single parents are more common here than in the Sarasota area overall (7.2%). The single-parent share is down 0.6 points from 2006–10, mirroring the country.
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
Renters in Palmetto
| Period | Palmetto | Sarasota area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 17.8% | 24.0% | 30.3% | 33.3% |
| 2010–14 | 20.5% | 27.8% | 33.9% | 35.6% |
| 2015–19 | 18.5% | 26.0% | 34.6% | 36.0% |
| 2020–24 | 17.5% | 24.4% | 32.4% | 34.8% |
| Change | −0.3 pts | +0.3 pts | +2.1 pts | +1.5 pts |
Only 17.5% of households in Palmetto rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. More than four in ten owners (44.4%) have paid off their mortgages, above the national share of 39.8%. Renting is most common in the south and least common in the east.
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
| Period | Palmetto | Sarasota area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 20.4% | 21.0% | 17.2% | 11.4% |
| 2010–14 | 20.9% | 20.3% | 17.6% | 11.4% |
| 2015–19 | 23.6% | 20.2% | 15.4% | 11.1% |
| 2020–24 | 17.2% | 16.8% | 12.5% | 9.6% |
| Change | −3.2 pts | −4.1 pts | −4.8 pts | −1.8 pts |
Vacant homes make up 17.2% of the housing in Palmetto, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Since 2006–10, vacancy has fallen 3.2 points, mirroring the country.
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
| Period | Palmetto | Sarasota area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 1987 | 1985 | 1984 | 1974 |
| 2010–14 | 1988 | 1986 | 1985 | 1975 |
| 2015–19 | 1989 | 1987 | 1986 | 1977 |
| 2020–24 | 1996 | 1993 | 1989 | 1980 |
| Change | +10 | +8 | +5 | +6 |
Palmetto has newer housing than the country as a whole: the median home was built in 1996, versus 1980 nationally. The median year built has moved up from 1987 in 2006–10, a sign of steady new building. Newer construction is concentrated in the east, while the southwest 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
| Period | Palmetto | Sarasota area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,085 | $1,142 | $1,092 | $965 |
| 2010–14 | $997 | $1,131 | $1,123 | $1,040 |
| 2015–19 | $1,200 | $1,399 | $1,323 | $1,213 |
| 2020–24 | $1,896 | $1,992 | $1,816 | $1,571 |
| Change | +$811 | +$850 | +$724 | +$606 |
Rent in Palmetto runs $1,896 a month at the median, utilities included, well above the U.S. median of $1,571. Rents are up $811 a month from 2006–10, a 75% jump, faster than rents rose nationally. The typical renter here spends 33.6% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched. The priciest rents are in the east; the most affordable are in the southwest.
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
Bachelor's degrees in Palmetto
| Period | Palmetto | Sarasota area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 18.9% | 27.4% | 26.4% | 28.4% |
| 2010–14 | 20.4% | 29.2% | 27.0% | 29.6% |
| 2015–19 | 22.1% | 32.4% | 30.0% | 32.1% |
| 2020–24 | 30.4% | 39.7% | 34.6% | 35.6% |
| Change | +11.5 pts | +12.4 pts | +8.2 pts | +7.2 pts |
About three in ten adults 25 and older in Palmetto (30.4%) have a bachelor's degree or higher, a little below the national share of 35.6%. The share with a degree is up 11.5 points from 2006–10, in line with the national trend.
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
| Period | Palmetto | Sarasota area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 82.8% | 88.4% | 85.5% | 84.9% |
| 2010–14 | 84.4% | 89.8% | 86.5% | 86.1% |
| 2015–19 | 86.0% | 91.2% | 88.2% | 87.7% |
| 2020–24 | 90.6% | 93.1% | 90.0% | 89.3% |
| Change | +7.8 pts | +4.7 pts | +4.4 pts | +4.3 pts |
About as many adults in Palmetto have finished high school as nationally: 90.6%, against 89.3%. The rate is lower than in the Sarasota area as a whole (93.1%). Since 2006–10, the share with a diploma has risen 7.8 points, as it has 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
| Period | Palmetto | Sarasota area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.9% | 8.9% | 8.9% | 8.1% |
| 2010–14 | 8.1% | 9.7% | 11.0% | 9.4% |
| 2015–19 | 7.9% | 5.1% | 5.7% | 5.6% |
| 2020–24 | 2.8% | 4.1% | 4.8% | 5.4% |
| Change | −5.1 pts | −4.8 pts | −4.1 pts | −2.7 pts |
The job market in Palmetto has been strong: just 2.8% of the labor force was out of work and looking, well below the national rate of 5.4%. Unemployment has fallen 5.1 points since 2006–10, as it has nationally. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current 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 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 | 2.75 | 45.6 | 9.4% | 17.5% | 17.2% | 1996 | $1,896 | 30.4% | 90.6% | 2.8% |
| Memphis | 2.80 | 40.9 | 13.4% | 22.2% | 23.0% | 1987 | $1,319 | 18.8% | 85.0% | 8.3% |
| Ellenton | 2.50 | 52.0 | 8.5% | 21.3% | 19.5% | 1996 | $1,596 | 23.7% | 93.4% | 2.5% |
| Terra Ceia | 2.21 | 66.2 | 7.5% | 7.2% | 31.4% | 1988 | $1,671 | 50.5% | 95.6% | 0.0% |
| Gillett | 2.54 | 52.3 | 6.1% | 0.0% | 13.0% | 2020 | $2,215 | 36.3% | 91.8% | 1.0% |
| West Bradenton | 2.60 | 49.2 | 7.8% | 25.6% | 9.4% | 1974 | $2,000 | 33.7% | 94.3% | 0.4% |
| Bradenton | 2.48 | 50.4 | 7.4% | 28.1% | 17.5% | 1999 | $2,152 | 44.5% | 92.0% | 4.9% |
| Parrish | 2.74 | 46.8 | 3.6% | 8.2% | 9.5% | 2011 | $2,081 | 43.7% | 98.4% | 2.1% |
| South Bradenton | 2.33 | 47.5 | 10.2% | 43.0% | 22.2% | 1973 | $1,305 | 17.1% | 80.6% | 4.8% |
| Piney Point | 2.21 | 57.3 | 4.3% | 11.7% | 24.7% | 2002 | $1,571 | 26.6% | 91.0% | 0.6% |
| Bayshore Gardens | 2.36 | 44.5 | 15.2% | 34.2% | 18.3% | 1974 | $1,538 | 20.1% | 84.5% | 10.4% |
All figures 2020–24.
Cities with similar populations: Mission Bend, TX · Pekin, IL · Parkland, FL · Oxford, MS · North Ridgeville, OH · Niles, MI · Newhall, CA · New Lenox, IL · Natick, MA · Mount Airy, NC
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. 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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