The Village of Palmetto Bay had a population of 24,593 as of July 1, 2021.
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 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.
|Total Population||24,593 (100%)|
|Population in Households||24,576 (99.9%)|
|Population in Families||22,253 (90.5%)|
|Population in Group Quarters1||17 ( 0.1%)|
|Median Household Income||$118,118|
|Average Household Income||$170,628|
|% of Income for Mortgage4||20%|
|Per Capita Income||$57,329|
|Total HU (Housing Units)||8,798 (100%)|
|Owner Occupied HU||6,385 (72.6%)|
|Renter Occupied HU||1,874 (21.3%)|
|Vacant Housing Units||539 ( 6.1%)|
|Median Home Value||$567,058|
|Average Home Value||$603,904|
|Housing Affordability Index3||115|
|Average Household Size||2.98|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.18%|
|Per Capita Income||1.53%|
|Owner Occupied HU||0.36%|
The table below compares Palmetto Bay to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2021 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||# 170||82nd|
|Population Density||# 268||71st|
|Median Household Income||# 29||97th|
|Housing Affordability Index||# 264||29th|
|Per Capita Income||# 81||91st|
|Diversity Index||# 255||72nd|
Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.