Palm City, FL Profile: Facts & Data

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Palm City, Florida - Basic Facts

The Palm City Census Designated Place had a population of 25,492 as of July 1, 2019. Palm City ranks in the lower 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 Palm City is located at latitude 27.1678 and longitude -80.2662 in Martin County. The formal boundaries for the Palm City Census Designated Place encompass a land area of 13.87 sq. miles and a water area of 2.63 sq. miles. Martin County is in the Eastern time zone (GMT -5). The elevation is 7 feet.

The Palm City Census Designated Place (GNIS ID: 2403389) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Palm City Census Designated Place is located within Stuart CCD of Martin County.


Jump to... (On This Page!)
  1. Palm City 2019 Demographic Data
  2. Growth Rates for Palm City (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Palm City, FL Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Palm City, FL Housing Affordability Index is 115
State of Florida Housing Affordability Index is 113
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Palm City, FL Wealth Index is 199
State of Florida Wealth Index is 94
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Florida COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 25,492 (100%)
Population in Households 25,331 (99.4%)
Population in Families 21,393 (83.9%)
Population in Group Quarters1 161 ( 0.6%)
Population Density 1,838
Diversity Index2 22
 

INCOME

Median Household Income $83,333
Average Household Income $116,726
Per Capita Income $49,040
Wealth Index4 199

HOUSING

Total Housing Units 11,773 (100%)
Owner Occupied HU 9,095 (77.3%)
Renter Occupied HU 1,613 (13.7%)
Vacant Housing Units 1,065 ( 9.0%)
Median Home Value $345,992
Housing Affordability Index3 115
 

HOUSEHOLDS

Total Households 10,708
Average Household Size 2.37
Family Households 7,603
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.06% 1.14%
Households 1.0% 1.08%
Families 0.93% 1.03%
Median Household Income   2.72%
Per Capita Income   2.36%

Palm City, FL - Peer Comparisons by Rank and Percentile

The table below compares Palm City to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2019 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.

Variable Description Rank Percentile
Total Population # 151 84th
Population Density # 421 54th
Diversity Index # 782 15th
Median Household Income # 99 89th
Per Capita Income # 105 89th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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