Palmetto Bay, Florida Population 2024

24,973

Palmetto Bay is a city located in Miami-Dade County Florida. Palmetto Bay has a 2024 population of 24,973. Palmetto Bay is currently growing at a rate of 1.5% annually and its population has increased by 2.67% since the most recent census, which recorded a population of 24,324 in 2020.

The average household income in Palmetto Bay is $208,173 with a poverty rate of 5.22%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Palmetto Bay is 41.6 years, 42.2 years for males, and 41.2 years for females.

Palmetto Bay Demographics

According to the most recent ACS, the racial composition of Palmetto Bay was:

  • White: 67.05%
  • Two or more races: 23.25%
  • Asian: 3.94%
  • Black or African American: 3.04%
  • Other race: 2.08%
  • Native American: 0.65%
  • Native Hawaiian or Pacific Islander:
State
Florida
Land Area (mi²)
8.3 sq mi
Density (mi²)
3,014.40/sq mi
Growth Since 2020
2.67% (649)
The current population of Palmetto Bay, Florida is 24,973 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 24,324.

Palmetto Bay, Florida Population 2024

Population by Race

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Race
Population
Percentage (of total)
White16,27167.05%
Two or more races5,64123.25%
Asian9553.94%
Black or African American7383.04%
Other race5052.08%
Native American1570.65%
Native Hawaiian or Pacific Islander
showing: 7 rows

White

Two or more races

Asian

Black or African American

Other race

Native American

Native Hawaiian or Pacific Islander

Palmetto Bay Population by Race

Palmetto Bay Population Pyramid 2024

Palmetto Bay Median Age

41.6

Total

42.2

Male

41.2

Female

Palmetto Bay Adults

There are 18,047 adults, (3,399 of whom are seniors) in Palmetto Bay.

Palmetto Bay Age Dependency

65.7

Age Dependency Ratio

23.2

Old Age Dependency Ratio

42.5

Child Dependency Ratio

Palmetto Bay Sex Ratio

Female11,81348.68%
Male12,45451.32%

Palmetto Bay Population by Age

Palmetto Bay Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All8,1152.9878.221.8
Married5,5413.4487.212.8
Non Family1,5861.2258.341.7
Female5193.3164.735.3
Male4693.125545
showing: 5 rows

3.38

Average Family Size

2.98

Average Household Size

78.2%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Palmetto Bay Households and Families

Male

Female

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Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Palmetto Bay Educational Attainment by Sex (over 25)

Palmetto Bay Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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The highest rate of high school graduation is among native american people with a rate of 100%.

The highest rate of bachelors degrees is among asian people with a rate of 73.48%.

Palmetto Bay Educational Attainment by Race

All

Male

Female

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$70,365

Average Earnings

$87,434

Average Male

$52,488

Average Female

Palmetto Bay Earnings by Educational Attainment

Palmetto Bay Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Palmetto Bay Language

50.91% of Palmetto Bay residents speak only English, while 49.09% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 42.86% of the population.

Palmetto Bay Language

Palmetto Bay Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
Hispanic11,6607436.37%
Multiple5,6094437.9%
White10,0154214.2%
Asian949697.27%
Black722334.57%
showing: 5 rows

5.22%

Overall Poverty Rate

5.09%

Male Poverty Rate

5.36%

Female Poverty Rate

Poverty in Palmetto Bay

The race most likely to be in poverty in Palmetto Bay is Multiple, with 7.9% below the poverty level.

The race least likely to be in poverty in Palmetto Bay is White, with 4.2% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 1.28%. Among those working part-time, it was 7.25%, and for those that did not work, the poverty rate was 9.49%.

Palmetto Bay Poverty

rate

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Rate
Poverty
Less Than 9th Grade17.06%
High School8.54%
Some College7.8%
Bachelors or Greater2%
showing: 4 rows

Palmetto Bay Poverty Rate by Education

rate

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Rate
Poverty
Female Unemployed17.82%
Male Unemployed8.49%
Male Employed3.2%
Female Employed1.41%
showing: 4 rows

Palmetto Bay Poverty Rate by Employment Status and Sex

Palmetto Bay Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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mean

median

Income by Household Type

Palmetto Bay Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

60.9%

Overall Marriage Rate

62.4%

Male Marriage Rate

59.3%

Female Marriage Rate

Palmetto Bay Married by Age and Sex

male

female

Palmetto Bay Marriage

The age group where males are most likely to be married is 45-54, while the female age group most likely to be married is 45-54.

Palmetto Bay Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Palmetto Bay Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

742

Number of Veterans

690

Male Veterans

52

Female Veterans

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Palmetto Bay Veterans by War

count

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Palmetto Bay Veterans by Age

count

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Palmetto Bay Veterans by Race

Palmetto Bay Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

1.62%

Veteran Poverty Rate

34.77%

Veteran Disability Rate

Palmetto Bay Veterans by Education

LaborForceParticipation

68.2%

Labor Force Participation

65.7%

Employment Rate

3.6%

Unemployment Rate

Palmetto Bay Employment by Age

LaborForceParticipation

Palmetto Bay Employment by Race

LaborForceParticipation

Palmetto Bay Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

44.13%

Born in Palmetto Bay

71.64%

Native Born

28.36%

Foreign Born

8.58%

Non Citizen

19.78%

Naturalized

Place of Birth

71.64% of Palmetto Bay residents were born in the United States, with 44.13% having been born in Florida. 8.58% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.

Palmetto Bay Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
202926,8133681.39%
202826,4453681.41%
202726,0773681.43%
202625,7093681.45%
202525,3413681.47%
202424,9733681.5%
202324,6053681.52%
202224,2373681.54%
202123,869-455-1.87%
202024,324-154-0.63%
201924,4783521.46%
201824,126-197-0.81%
201724,32340.02%
201624,319210.09%
201524,298770.32%
201424,22160.02%
201324,2151990.83%
201224,0162411.01%
201123,7752821.2%
201023,493
showing: 20 rows

Palmetto Bay Population by Year