Palmetto Bay, Florida Population 2020

24,651

Palmetto Bay is a city located in Florida. With a 2020 population of 24,651, it is the 101st largest city in Florida and the 1562nd largest city in the United States. Palmetto Bay is currently growing at a rate of 0.13% annually and its population has increased by 5.30% since the most recent census, which recorded a population of 23,410 in 2010. Spanning over 8 miles, Palmetto Bay has a population density of 2,976 people per square mile.

The average household income in Palmetto Bay is $163,160 with a poverty rate of 5.93%. The median rental costs in recent years comes to $1,365 per month, and the median house value is $527,200. The median age in Palmetto Bay is 41.1 years, 41.9 years for males, and 40.4 years for females. For every 100 females there are 92.3 males.

Palmetto Bay Demographics

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

  • White: 85.15%
  • Asian: 5.09%
  • Black or African American: 4.92%
  • Two or more races: 2.72%
  • Other race: 1.95%
  • Native Hawaiian or Pacific Islander: 0.15%
  • Native American: 0.03%
The current population of Palmetto Bay, Florida is 24,651, based on our projections of the latest US Census estimates. The US Census estimates the 2018 population at 24,589.The last official US Census in 2010 recorded the population at 23,410.

Palmetto Bay, Florida Population 2020

Population by Race

Race Population Percentage
White20,91685.15%
Asian1,2505.09%
Black or African American1,2094.92%
Two or More Races6672.72%
Some Other Race4781.95%
Native Hawaiian and Other Pacific Islander370.15%
American Indian and Alaska Native70.03%

Palmetto Bay Population Pyramid 2020

Palmetto Bay Median Age

41.1


Total

41.9


Male

40.4


Female

Palmetto Bay Adults

There are 18,245 adults, (3,608 of whom are seniors) in Palmetto Bay.

Palmetto Bay Age Dependency

67.8

Age Dependency Ratio

24.6

Old Age Dependency Ratio

43.2

Child Dependency Ratio

Palmetto Bay Sex Ratio

Female

12,771

51.99%

Male

11,793

48.01%

Palmetto Bay Households and Families

Palmetto Bay Renter vs Owner Occupied by Household Type

Palmetto Bay Household Types

Type Owner Renter
Married90%10%
All83.8%16.2%
Non Family75.5%24.5%
Male70.6%29.4%
Female64%36%

83.8%

Rate of Home Ownership

Type Count Average Size Owned
All7,4143.3183.8
Married5,0603.6890
Non Family1,1561.1975.5
Female8443.9864
Male3543.3970.6

3.65

Average Family Size

3.31

Average Household Size

4%

Unmarried (Opposite Sex)

0.1%

Unmarried (Same Sex)

Palmetto Bay Education

Education Attained Count Percentage
Less Than 9th Grade5013.09%
9th to 12th Grade3141.94%
High School Graduate2,22913.77%
Some College2,61016.12%
Associates Degree1,4809.14%
Bachelors Degree5,03031.06%
Graduate Degree4,02824.88%

Palmetto Bay Educational Attainment by Race

Name Total High School Bachelors
Hispanic7,2696,7243,634
White6,8956,7424,391
Asian979935493
Black808745411
Multiple Races335319145
Other Race20217895
Islander3737
Native American7

The highest rate of high school graduation is among islander people with a rate of 100.00%.

The highest rate of bachelors degrees is among white people with a rate of 63.68%.

Name Average Male Female
Overall$54,335$76,181$40,568
Less Than High School$17,279$20,493$14,583
High School Grad$27,071$29,750$25,199
Some College$37,956$49,253$30,804
Bachelors Degree$68,882$85,257$48,104
Graduate Degree$84,963$134,545$55,833

$54,335

Average Earnings

$76,181

Average Male

$40,568

Average Female

Palmetto Bay Language

Palmetto Bay Language by Age

Palmetto Bay Language

49.34% of Palmetto Bay residents speak only English, while 50.66% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 41.50% of the population.

Palmetto Bay Poverty

Palmetto Bay Poverty by Race

Name Total In Poverty Poverty Rate
Hispanic11,1988407.50%
White10,3923393.26%
Black1,20912910.67%
Asian1,250937.44%
Multiple6677411.09%
Other478275.65%
Native77100.00%

5.93%

Overall Poverty Rate

5.23%

Male Poverty Rate

6.57%

Female Poverty Rate

Poverty in Palmetto Bay

The race most likely to be in poverty in Palmetto Bay is Native, with 100.00% below the poverty level.

The race least likely to be in poverty in Palmetto Bay is White, with 3.26% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0.62%. Among those working part-time, it was 7.64%, and for those that did not work, the poverty rate was 11.74%.

Name Poverty
Less Than High School14.97%
High School8.43%
Some College5.62%
Bachelors or Greater3.10%
Name Poverty
Female Unemployed18.90%
Male Unemployed16.56%
Female Employed2.85%
Male Employed1.64%

Palmetto Bay Income

Palmetto Bay Income by Household Type

Name Median Mean
Households$115,709$163,160
Families$125,500$173,993
Married Families$146,343-
Non Families$51,071$94,417

Palmetto Bay Marital Status

Palmetto Bay Marital Status

Marriage Rates

56.3%

Overall Marriage Rate

59.9%

Male Marriage Rate

53.1%

Female Marriage Rate

Palmetto Bay Married by Age and Sex

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 35-44.

Palmetto Bay Marital Status by Race

Palmetto Bay Veterans

819

Number of Veterans

755

Male Veterans

64

Female Veterans

War Veterans
Vietnam301
First Gulf War156
Korea118
Second Gulf War105
World War II35
Name Veterans % of Total
White7404.76%
Hispanic1391.68%
Black615.96%
Asian121.12%
Other62.86%

$Palmetto Bay Veterans by Education

3.05%

Veteran Poverty Rate

23.20%

Veteran Disability Rate

Palmetto Bay Employment Status

66.2%

Labor Force Participation

61.4%

Employment Rate

7.3%

Unemployment Rate

Palmetto Bay Place of Birth

Origin of Non-Citizens

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

Origin of Naturalized Citizens

40.57%

Born in Florida

68.13%

Native Born

31.87%

Foreign Born

9.84%

Non Citizen

Place of Birth

68.13% of Palmetto Bay residents were born in the United States, with 40.57% having been born in Florida. 9.84% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.

Year Population Growth Annual Growth Rate
202024,651310.13%
201924,620310.13%
201824,589-54-0.22%
201724,643310.13%
201624,612510.21%
201524,561960.39%
201424,46570.03%
201324,4582010.83%
201224,2572441.02%
201124,0135212.22%
201023,4920.00%