Palmetto Bay, FL
Quality of Life, Demographics, And Statistics

Demographics | Crime | Cost Of Living
Updated: 2023-10-17

Living In Palmetto Bay, Florida Summary

Life in Palmetto Bay research summary. HomeSnacks has been researching the quality of life in Palmetto Bay over the past eight years using Census data, FBI crime data, cost of living data, and other primary sources. Based on the most recently available data, we found the following about life in Palmetto Bay:

  • The population in Palmetto Bay is 24,327.

  • The median home value in Palmetto Bay is $617,900.

  • The median income in Palmetto Bay is $131,605.

  • The cost of living in Palmetto Bay is 141 which is 1.4x higher than the national average.

  • The median rent in Palmetto Bay is $1,499.

  • The unemployment rate in Palmetto Bay is 5.2%.

  • The poverty rate in Palmetto Bay is 5.7%.

Palmetto Bay SnackAbility

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

Palmetto Bay, FL Crime Report

540
Total Crimes
2,191.5
Total Crimes / 100k People
-5.71%
Below National Average
Statistic Count
Raw
Palmetto Bay
/ 100k People
Florida
/ 100k People
National
/ 100k People
Total Crimes Per 100K 540 2,191.5 2,153.0 2,324.2
Violent Crime 30 121.7 383.6 369.8
Murder 0 0.0 5.9 6.3
Robbery 7 28.4 62.2 66.1
Aggravated Assault 18 73.0 280.1 268.2
Property Crime 510 2,069.7 1,769.4 1,954.4
Burglary 55 223.2 240.6 269.8
Larceny 423 1,716.7 1,352.7 1,401.9
Car Theft 32 129.9 176.1 282.7

Palmetto Bay, FL Cost Of Living

141
Palmetto Bay's Overall Cost Of Living
1.4x
Higher Than The National Average
Living Expense Palmetto Bay Florida National Average
Overall 141 101 100
Services 100 98 100
Groceries 117 101 100
Health 104 96 100
Housing 217 108 100
Transportation 106 98 100
Utilities 101 100 100

Palmetto Bay, FL Photos

Destruction Following Hurricane Andrew
Source: Public Domain

Rankings for Palmetto Bay in Florida

Map Of Palmetto Bay, FL

Best Places Around Palmetto Bay

1

Coral Gables, FL
Population 49,269

2

Richmond West, FL
Population 37,626

3

Coral Terrace, FL
Population 25,869

4

The Crossings, FL
Population 22,382

5

Palmetto Estates, FL
Population 16,612

6

Country Walk, FL
Population 18,627

7

Sunset, FL
Population 14,415

8

Kendale Lakes, FL
Population 53,392

9

Tamiami, FL
Population 54,525

10

Three Lakes, FL
Population 15,367

Population over time in Palmetto Bay

Year Population % Change
2021 24,308 -1.0%
2020 24,564 -0.5%
2019 24,679 0.6%
2018 24,522 0.3%
2017 24,443 0.9%
2016 24,214 1.5%
2015 23,863 0.9%
2014 23,650 0.7%
2013 23,493 0.4%
2012 23,409 -

Race / Ethnicity in Palmetto Bay

White
40.2% (9,784)
African American
2.6% (636)
American Indian
0.0% (0)
Asian
4.4% (1,077)
Hawaiian
0.0% (0)
Other
1.0% (237)
Two Or More
2.9% (694)
Hispanic
48.9% (11,899)
Race Palmetto Bay FL USA
White 40.2% 52.6% 59.4%
African American 2.6% 15.1% 12.2%
American Indian 0.0% 0.1% 0.6%
Asian 4.4% 2.7% 5.6%
Hawaiian 0.0% 0.1% 0.2%
Other 1.0% 0.5% 0.4%
Two Or More 2.9% 2.7% 3.2%
Hispanic 48.9% 26.2% 18.4%

Gender in Palmetto Bay

Female
48.4% (11,767)
Male
51.6% (12,560)
Gender Palmetto Bay FL USA
Female 48.4% 50.8% 50.5%
Male 51.6% 49.2% 49.5%

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

< 9th Grade
2.0% (486)
9-12th Grade
2.0% (486)
High School / GED
13.0% (3,162)
Some College
15.0% (3,649)
Associate's Degree
9.0% (2,189)
Bachelor's Degree
32.0% (7,784)
Master's Degree
16.0% (3,892)
Professional Degree
7.0% (1,702)
Doctorate Degree
4.0% (973)
Education Palmetto Bay FL USA
< 9th Grade 2.0% 4.0% 5.0%
9-12th Grade 2.0% 7.0% 6.0%
High School / GED 13.0% 28.0% 26.0%
Some College 15.0% 20.0% 20.0%
Associate's Degree 9.0% 10.0% 9.0%
Bachelor's Degree 32.0% 20.0% 21.0%
Master's Degree 16.0% 8.0% 9.0%
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
1.6% (39,614)
$10,000 to $14,999
1.3% (30,568)
$15,000 to $24,999
5.7% (137,558)
$25,000 to $34,999
4.1% (99,503)
$35,000 to $49,999
7.2% (175,925)
$50,000 to $74,999
8.6% (209,613)
$75,000 to $99,999
9.6% (233,319)
$100,000 to $149,999
18.2% (443,868)
$150,000 to $199,999
13.2% (320,034)
$200,000 or more
30.5% (742,692)
Income Palmetto Bay FL USA
Less than $10,000 1.6% 5.9% 5.5%
$10,000 to $14,999 1.3% 3.9% 3.9%
$15,000 to $24,999 5.7% 8.6% 7.8%
$25,000 to $34,999 4.1% 9.3% 8.2%
$35,000 to $49,999 7.2% 13.0% 11.4%
$50,000 to $74,999 8.6% 18.2% 16.8%
$75,000 to $99,999 9.6% 12.8% 12.8%
$100,000 to $149,999 18.2% 14.7% 16.3%
$150,000 to $199,999 13.2% 6.3% 7.8%
$200,000 or more 30.5% 7.3% 9.5%

Articles About Florida

Enjoy The Snack?