The Village of Palmetto Bay had a population of 24,402 as of July 1, 2019.
The primary coordinate point for Palmetto Bay is located at latitude 25.6218 and longitude -80.3248 in Miami-Dade County. The formal boundaries for the Village of Palmetto Bay 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.
Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Village of Palmetto Bay is located within Kendall-Palmetto Bay CCD of Miami-Dade County.
HOUSING AFFORDABILITY INDEX
|Palmetto Bay, FL Housing Affordability Index is 108
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.|
|Palmetto Bay, FL Wealth Index is 223
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 cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Florida address.
|Population in Households||24,385|
|Population in Familes||22,105|
|Population in Group Qrtrs||17|
|Median Household Income||$114,097|
|Average Household Income||$155,490|
|Per Capita Income||$52,095|
|Total Housing Units||8,466 (100%)|
|Owner Occupied HU||6,423 (75.9%)|
|Renter Occupied HU||1,749 (20.7%)|
|Vacant Housing Units||294 ( 3.5%)|
|Median Home Value||$511,426|
|Housing Affordability Index2||108|
|Average Household Size||2.98|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.0%|
|Per Capita Income||1.38%|
The table below compares Palmetto Bay 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.
|Total Population||# 168||82nd|
|Population Density||# 266||71st|
|Diversity Index||# 239||74th|
|Median Household Income||# 28||97th|
|Per Capita Income||# 85||91st|
Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.