Palmetto Bay is a village located in Miami-Dade County, Florida. Palmetto Bay has a 2026 population of 25,939. Palmetto Bay is currently growing at a rate of 1.05% annually and its population has increased by 6.63% since the most recent census, which recorded a population of 24,327 in 2020.
The median household income in Palmetto Bay is $142,447 with a poverty rate of 5.82%. The median age in Palmetto Bay is 41 years: 39.7 years for males, and 42.1 years for females. For every 100 females there are 103.0 males.
Data after 2023 is projected based on recent change
Overall: 41 years
Female: 42.1 years
Male: 39.7 years
There are 18,655 adults, (3,808 of whom are seniors) in Palmetto Bay.
Female: 12,138 (49.3%)
Male: 12,501 (50.7%)
The racial composition of Palmetto Bay includes 49.3% White, 4.55% Black or African American, 4.38% Asian, 3% other race, and smaller percentages for Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 12,147 | 49.3% |
| Two or more races | 9,445 | 38.33% |
| Black or African American | 1,120 | 4.55% |
| Asian | 1,078 | 4.38% |
| Other race | 739 | 3% |
| Native American | 110 | 0.45% |
Palmetto Bay 's average per capita income is $73,703. Household income levels show a median of $142,447. The poverty rate stands at 5.82%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $203,077 | - |
| Families | $169,750 | $236,336 |
| Households | $142,447 | $205,511 |
| Non Families | $53,088 | $91,727 |
Average Income
Median Household Income
Poverty Rate