The Village of Palmetto Bay had a population of 23,914 as of July 1, 2015. Palmetto Bay ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.
The primary coordinate point for Palmetto Bay is located at latitude 25.6217 and longitude -80.3189 in Miami-Dade County. The formal boundaries for the Village of Palmetto Bay (see map below) encompass a land area of 8.29 sq. miles and a water area of 0.16 sq. miles. Miami-Dade County is in the Eastern time zone (GMT -5). The elevation is 10 feet.
The Village of Palmetto Bay (GNIS ID: 2407519) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Beneath the boundary map are tables with Palmetto Bay population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2015.
|Population in Households||23,897|
|Population in Familes||21,670|
|Population in Group Qrtrs||17|
|Average Household Size||2.96|
|Average Family Size||3|
|Total Housing Units||8,528 (100%)|
|Owner Occupied HU||6,555 (76.9%)|
|Renter Occupied HU||1,514 (17.8%)|
|Vacant Housing Units||459 ( 5.4%)|
|Median Home Value||$530,094|
|Average Home Value||$552,834|
|Median Household Income||$103,754|
|Average Household Income||$149,355|
|Per Capita Income||$50,419|
|(Compound Annual Growth Rates)|
|Median Household Income||1.86%|
|Per Capita Income||2.21%|
The table below compares Palmetto Bay to the other 920 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2015 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 150||84th|
|Population Density1||# 252||73rd|
|Diversity Index2||# 226||75th|
|Median Household Income||# 27||97th|
|Per Capita Income||# 59||94th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.