Palatka, FL Profile: Facts & Data

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Palatka, Florida - Basic Facts

The City of Palatka had a population of 10,254 as of July 1, 2023.

The primary coordinate point for Palatka is located at latitude 29.6486 and longitude -81.6376 in Putnam County. The formal boundaries for the City of Palatka encompass a land area of 8.53 sq. miles and a water area of 0.56 sq. miles. Putnam County is in the Eastern time zone (GMT -5).

The City of Palatka 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 City of Palatka is located within Palatka CCD of Putnam County.


Jump to... (On This Page!)
  1. Palatka 2023 Demographic Data
  2. Growth Rates for Palatka (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 - 2023 Demographics
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Palatka, FL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 10,254 (100%)
Population in Households 9,661 (94.2%)
Population in Families 7,582 (73.9%)
Population in Group Quarters1 593 ( 5.8%)
Population Density 1,041
Diversity Index2 65
 
 

INCOME

Median Household Income $27,583
Average Household Income $43,313
% of Income for Mortgage4 23%
Per Capita Income $17,681
Wealth Index5 27
Socioeconomic Status Index6 Low (39.1)
 

HOUSING

Total HU (Housing Units) 4,525 (100%)
Owner Occupied HU 2,080 (46.0%)
Renter Occupied HU 1,986 (43.9%)
Vacant Housing Units 459 (10.1%)
Median Home Value $105,297
Average Home Value $254,447
Housing Affordability Index3 105
 

HOUSEHOLDS

Total Households 4,066
Average Household Size 2.38
Family Households 2,500
Average Family Size 3.00
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 races 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 % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. 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.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.61% -0.44%
Households -0.30% -0.27%
Families   -0.31%
Median Household Income   0.58%
Per Capita Income   2.75%
Owner Occupied HU   0.15%

Palatka, FL - Peer Comparisons by Rank and Percentile

The table below compares Palatka to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2023 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 # 340 65th
Population Density # 602 37th
Median Household Income # 938 2nd
Housing Affordability Index # 687 72nd
Per Capita Income # 913 5th
Diversity Index # 380 60th

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

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