Palmetto Bay, Florida Population 2021

25,225
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Palmetto Bay is a city located in Florida. With a 2020 population of 25,225, it is the 101st largest city in Florida and the 1530th largest city in the United States . Palmetto Bay is currently growing at a rate of 1.41% annually and its population has increased by 7.75% since the most recent census, which recorded a population of 23,410 in 2010. Palmetto Bay reached it's highest population of 25,225 in 2021. Spanning over 8 miles, Palmetto Bay has a population density of 3,045 people per square mile.

The average household income in Palmetto Bay is $166,270 with a poverty rate of 5.75%. The median rental costs in recent years comes to $1,426 per month, and the median house value is $562,300. The median age in Palmetto Bay is 41.5 years, 41.6 years for males, and 41.4 years for females.

Palmetto Bay Demographics

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

  • White: 86.47%
  • Asian: 4.84%
  • Black or African American: 3.75%
  • Two or more races: 3.03%
  • Other race: 1.79%
  • Native Hawaiian or Pacific Islander: 0.07%
  • Native American: 0.06%
The current population of Palmetto Bay, Florida is 25,225 based on our projections of the latest US Census estimates. The US Census estimates the 2018 population at 24,172.The last official US Census in 2010 recorded the population at 23,410.

Palmetto Bay, Florida Population 2021

Population by Race

Race Population Percentage
White21,04186.47%
Asian1,1774.84%
Black or African American9123.75%
Two or More Races7373.03%
Some Other Race4351.79%
Native Hawaiian and Other Pacific Islander160.07%
American Indian and Alaska Native150.06%
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Palmetto Bay Population by Race

Palmetto Bay Population Pyramid $2021

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Palmetto Bay Median Age

41.5


Total

41.6


Male

41.4


Female

Palmetto Bay Adults

There are 18,138 adults, (3,606 of whom are seniors) in Palmetto Bay.

Palmetto Bay Age Dependency

67.4

Age Dependency Ratio

24.8

Old Age Dependency Ratio

42.6

Child Dependency Ratio

Palmetto Bay Sex Ratio

Female

12,238

50.29%

Male

12,095

49.71%

Palmetto Bay Population by Age

Palmetto Bay Renter vs Owner Occupied by Household Type

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Palmetto Bay Household Types

Type Owner Renter
Married87.7%12.3%
All80.7%19.3%
Non Family69.1%30.9%
Female66.5%33.5%
Male56%44%

80.7%

Rate of Home Ownership

Palmetto Bay Households and Families

Type Count Average Size Owned
All7,4593.2680.7
Married5,0833.6287.7
Non Family1,1521.2769.1
Female7493.7966.5
Male4753.3856

3.56

Average Family Size

3.26

Average Household Size

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Palmetto Bay Households by Type

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Education Attained Count Percentage
Less Than 9th Grade4933.08%
9th to 12th Grade3402.13%
High School Graduate1,93212.08%
Some College2,46515.41%
Associates Degree1,4088.80%
Bachelors Degree4,93630.85%
Graduate Degree4,42427.65%
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Palmetto Bay Educational Attainment by Sex (over 25)

Palmetto Bay Educational Attainment by Race

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Race Total High School Bachelors
Hispanic7,4366,8113,829
White6,6226,5354,429
Asian948900509
Black688624411
2+ Races369353196
Other Race202179133
Islander1616
Native American15

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 66.88%.

Palmetto Bay Educational Attainment by Race

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Name Average Male Female
Overall$58,629$75,987$44,266
Less Than 9th Grade$22,365$22,196$25,625
High School Graduate$30,227$31,111$30,139
Some College$41,175$49,410$31,239
Bachelors Degree$66,783$86,865$47,637
Graduate Degree$82,604$128,958$59,636

$58,629

Average Earnings

$75,987

Average Male

$44,266

Average Female

Palmetto Bay Earnings by Educational Attainment

Palmetto Bay Language by Age

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Palmetto Bay Language

49.86% of Palmetto Bay residents speak only English, while 50.14% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 41.40% of the population.

Palmetto Bay Language

Palmetto Bay Poverty by Race

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Name Total In Poverty Poverty Rate
Hispanic11,3468207.23%
White10,2464654.54%
Asian1,177796.71%
Multiple737273.66%
Native1515100.00%
Black912141.54%

5.75%

Overall Poverty Rate

5.27%

Male Poverty Rate

6.22%

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 Black, with 1.54% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0.83%. Among those working part-time, it was 8.11%, and for those that did not work, the poverty rate was 10.90%.

Palmetto Bay Poverty

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Name Poverty
Less Than 9th Grade15.01%
High School6.26%
Some College6.02%
Bachelors or Greater3.24%

Palmetto Bay Poverty Rate by Education

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Rate Poverty
Female Unemployed28.76%
Male Unemployed14.94%
Female Employed3.16%
Male Employed1.90%

Palmetto Bay Poverty Rate by Employment Status and Sex

Palmetto Bay Income by Household Type

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Name Median Mean
Households$123,477$166,270
Families$131,766$175,014
Married Families$155,060-
Non Families$62,917$105,211
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Income by Household Type

Palmetto Bay Marital Status

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Marriage Rates

56.2%

Overall Marriage Rate

58.0%

Male Marriage Rate

54.3%

Female Marriage Rate

Palmetto Bay Married by Age and Sex

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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

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Palmetto Bay Marital Status

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761

Number of Veterans

697

Male Veterans

64

Female Veterans

War Veterans
Vietnam264
First Gulf War152
Korea115
Second Gulf War98
World War II25

Palmetto Bay Veterans by War

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Age Group Veterans
75+287
65 to 74155
35 to 54149
55 to 64144
18 to 3426

Palmetto Bay Veterans by Age

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Name Veterans % of Total
White6954.43%
Hispanic1371.61%
Black465.74%
Asian121.18%
Other Race83.77%

Palmetto Bay Veterans by Race

Palmetto Bay Veterans by Education

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3.55%

Veteran Poverty Rate

23.00%

Veteran Disability Rate

Palmetto Bay Veterans by Education

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65.6%

Labor Force Participation

61.5%

Employment Rate

6.2%

Unemployment Rate

Palmetto Bay Employment by Age

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Palmetto Bay Employment by Race

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Palmetto Bay Employment by Education

Origin of Non-Citizens

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

Origin of Naturalized Citizens

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41.18%

Born in Palmetto Bay

68.05%

Native Born

31.95%

Foreign Born

9.80%

Non Citizen

22.15%

Naturalized

Place of Birth

68.05% of Palmetto Bay residents were born in the United States, with 41.18% having been born in Florida. 9.80% 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

Year Population Growth Annual Growth Rate
202125,2253511.41%
202024,8743511.43%
201924,5233511.45%
201824,172-189-0.78%
201724,361200.08%
201624,341400.16%
201524,301780.32%
201424,22370.03%
201324,2161990.83%
201224,0172421.02%
201123,7752821.20%
201023,4930.00%

Palmetto Bay Population by Year