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Florida · Census place 54275

Palmetto Bay village, FL

Quick answer

Palmetto Bay village has 24,247 residents, ranking #177 of 955 places in Florida. Median household income is $143,368, the median home is worth $787,000 and median gross rent runs $1,862 a month.

Population
24,247Palmetto Bay village residents
Median household income
$143,368Past 12 months, inflation adjusted
Median home value
$787,000Owner-occupied units
Median gross rent
$1,862Rent plus utilities, monthly
Median age
41.6 yrsAll residents
Homeownership rate
79%Owner-occupied households

What the numbers mean in Palmetto Bay village

Housing cost measured against local earnings.

A household earning the Palmetto Bay village median would spend about 15.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.4% of residents and 79% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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