Palmetto Bay is a city located in Miami-Dade County Florida. Palmetto Bay has a 2024 population of 24,150. Palmetto Bay is currently declining at a rate of -0.18% annually and its population has decreased by -0.72% 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.
According to the most recent ACS, the racial composition of Palmetto Bay was:
White
Two or more races
Asian
Black or African American
Other race
Native American
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 8,115 | 2.98 | 78.2 | 21.8 |
| Married | 5,541 | 3.44 | 87.2 | 12.8 |
| Non Family | 1,586 | 1.22 | 58.3 | 41.7 |
| Female | 519 | 3.31 | 64.7 | 35.3 |
| Male | 469 | 3.12 | 55 | 45 |
3.38
Average Family Size
2.98
Average Household Size
78.2%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
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%.
All
Male
Female
$70,365
Average Earnings
$87,434
Average Male
$52,488
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
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.
rate
5.22%
Overall Poverty Rate
5.09%
Male Poverty Rate
5.36%
Female Poverty Rate
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%.
Married
Widowed
Divorced
Separated
NeverMarried
60.9%
Overall Marriage Rate
62.4%
Male Marriage Rate
59.3%
Female Marriage Rate
male
female
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.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
1.62%
Veteran Poverty Rate
34.77%
Veteran Disability Rate
LaborForceParticipation
68.2%
Labor Force Participation
65.7%
Employment Rate
3.6%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
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.
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
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.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 23,932 | -44 | -0.18% |
| 2028 | 23,976 | -43 | -0.18% |
| 2027 | 24,019 | -44 | -0.18% |
| 2026 | 24,063 | -43 | -0.18% |
| 2025 | 24,106 | -44 | -0.18% |
| 2024 | 24,150 | -43 | -0.18% |
| 2023 | 24,193 | -44 | -0.18% |
| 2022 | 24,237 | 368 | 1.54% |
| 2021 | 23,869 | -455 | -1.87% |
| 2020 | 24,324 | -154 | -0.63% |
| 2019 | 24,478 | 352 | 1.46% |
| 2018 | 24,126 | -197 | -0.81% |
| 2017 | 24,323 | 4 | 0.02% |
| 2016 | 24,319 | 21 | 0.09% |
| 2015 | 24,298 | 77 | 0.32% |
| 2014 | 24,221 | 6 | 0.02% |
| 2013 | 24,215 | 199 | 0.83% |
| 2012 | 24,016 | 241 | 1.01% |
| 2011 | 23,775 | 282 | 1.2% |
| 2010 | 23,493 | 0 | 0% |