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.