Palmetto Bay, Florida Population 2026
Updated April 2026 · US Census ACS 2023 5-Year Estimates
The population of Palmetto Bay, Florida is 24,247 as of the 2023 American Community Survey, making it the 177th-largest city in Florida. The median household income is $143,368, the median home value is $787,000, and the median age is 41.6.
The population has grown 8.1% since 2010 (23,493 → 25,402).
24,247
Population
2927
People / sq mi
$143,368
Median Income
$787,000
Median Home Value
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Palmetto Bay covers 8.3 sq mi of land at 2927 people per square mile.
About Palmetto Bay, FL
Housing cost is the defining feature of Palmetto Bay: the median home is valued at $787,000. Palmetto Bay is a city in Florida with a population of 24,247.
Households here are among the highest-earning of all US cities: median income is $143,368, above the US median of $78,538. Poverty runs at 5.0%, below the national 12.4%. Home prices are steep, with the typical property valued at $787,000, with typical rent around $1,862.
Educational attainment is on the higher side for US cities — 61.5% of adults hold a four-year degree, above the national 35.0%. About 19.6% of workers primarily work from home, above the national 14.0%, and the average commute runs about 36 minutes each way.
High housing values reframe the income picture in Palmetto Bay — even solid earnings stretch less against home prices and rents at this level.
Palmetto Bay village Population History (2010-2024)
The city of Palmetto Bay village had a population of 23,493 in 2010 and 25,402 in 2024, a 8.1% growth over 14 years. The peak was 25,402 in 2024. Average annual growth rate: 0.57%.
25,402
Population (2024)
23,493
Population (2010)
25,402
Peak (2024)
0.57%
Avg Annual Growth
| Year | Population |
|---|---|
| 2010 | 23,493 |
| 2011 | 23,775 |
| 2012 | 24,017 |
| 2013 | 24,216 |
| 2014 | 24,223 |
| 2015 | 24,301 |
| 2016 | 24,341 |
| 2017 | 24,361 |
| 2018 | 24,172 |
| 2019 | 24,523 |
| 2020 | 24,327 |
| 2021 | 23,870 |
| 2022 | 24,592 |
| 2023 | 25,059 |
| 2024 | 25,402 |
Race & Ethnicity
| White | 57.5% |
| Black or African American | 4.0% |
| Asian | 0.0% |
| Hispanic or Latino (any race) | 0.9% |
| Two or More Races | 0.0% |
Economy & Income
$143,368
Median Household Income
$70,583
Per Capita Income
5.0%
Poverty Rate
2.3%
Unemployment Rate
Housing
$787,000
Median Home Value
$1,862
Median Rent
79.0%
Owner-Occupied
Education
94.6%
High School+
61.5%
Bachelor's+
Commute
2.2%
Drive Alone
63.2%
Public Transit
19.6%
Work From Home
36.4 min
Avg Commute
Community Profile
23.0%
Foreign Born
51.0%
Non-English at Home
5.0%
Veterans
9.6%
With Disability
95.7%
Health Insurance
98.4%
Internet Access
Employment by Industry
| Professional, Scientific & Management | 22.3% |
| Finance, Insurance & Real Estate | 18.5% |
| Information | 9.7% |
| Education, Health Care & Social Services | 7.5% |
| Public Administration | 5.6% |
| Construction | 5.5% |
| Retail Trade | 5.3% |
| Manufacturing | 4.8% |
| Arts, Entertainment & Food Services | 3.7% |
| Transportation & Warehousing | 2.3% |
| Agriculture & Mining | 0.2% |
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Frequently Asked Questions
Palmetto Bay, Florida has a population of 24,247 according to the US Census Bureau's 2023 American Community Survey 5-year estimates, making it the 177th-largest city in Florida.
The median household income in Palmetto Bay, Florida is $143,368, with 5.0% of residents living below the federal poverty level.
The median home value in Palmetto Bay, Florida is $787,000, with median monthly rent at $1,862 and a homeownership rate of 79.0%.
The median age in Palmetto Bay, Florida is 41.6 years. The population is 52.9% male and 47.1% female.
The population has grown 8.1% since 2010 (23,493 → 25,402).
Where to stay in Palmetto Bay
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Data from the American Community Survey (ACS) 5-Year estimates.
Source: U.S. Census Bureau ACS, 2026.