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.