Palmetto Bay, FL Profile: Facts & Data

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Palmetto Bay, Florida - Basic Facts

The Village of Palmetto Bay had a population of 24,326 as of July 1, 2018. 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.

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.


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  1. Palmetto Bay 2018 Demographic Data
  2. Growth Rates for Palmetto Bay (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 - 2018 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, 2018, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Palmetto Bay, FL Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 24,326
Population in Households 24,309
Population in Familes 21,979
Population in Group Qrtrs 17
Population Density2 2,934
Diversity Index3 64
 

INCOME

Median Household Income $110,126
Average Household Income $152,664
Per Capita Income $51,185

HOUSING

Total Housing Units 8,550 (100%)
Owner Occupied HU 6,439 (75.3%)
Renter Occupied HU 1,709 (20.0%)
Vacant Housing Units 402 ( 4.7%)
Median Home Value $487,124
Average Home Value $532,891
 

HOUSEHOLDS

Total Households 8,148
Average Household Size 2.98
Family Households 6,716
Average Family Size 3
NOTES
  1. Demographics are point estimates for July 1st of the current year and each for the forecast years. See References for more information.
  2. Population Density = Total Population per square mile.
  3. 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.

GROWTH RATE / YEAR

2010-2018 2018-2023
Population 0.47% 0.65%
Households 0.34% 0.53%
Families 0.33% 0.54%
Median Household Income   1.22%
Per Capita Income   2.16%

Palmetto Bay, FL - Peer Comparisons by Rank and Percentile

The table below compares Palmetto Bay to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2018 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 # 165 82nd
Population Density # 261 72nd
Diversity Index # 234 75th
Median Household Income # 23 98th
Per Capita Income # 85 91st

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

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