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Palmetto Bay, FL
Full City Profile · Florida · Miami-Dade County County
3.6
/5.0
B+
Good
24,247
Population
2,925/sq mi density
$143,368
Median Income
$70,583 per capita
$787,000
Home Value
$2,145,407 Zillow
$1,862
Median Rent
39.1% income on rent
77°F
Avg Temperature
330 sunny days/yr
174
Violent Crime/100K
2,624 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$143,368 median income, 2.3% unemployment
B+
Affordability
3.6 / 5.0
$787,000 home value, $1,862/mo rent
F
Safety
1.0 / 5.0
174 violent crimes/100K
A+
Education
5.0 / 5.0
61.5% bachelor's degree or higher
Change Over Time (2013–2023)
Population Change
+3.5%
24,215 → 25,059
over 10 years
Annual Pop. Growth
+0.34%
Compound annual growth rate
Median Income Change
+36.4%
$105,122 → $143,368
nominal, not inflation-adjusted
Annual Income Growth
+3.15%
Compound annual growth rate
Population Over Time
Total population for Palmetto Bay across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
25,662
+603 from 2023 (25,059)
Projected Median Income 2030
$178,130
+$34,762 from 2023 ($143,368)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 24,215 | — | $105,122 | — |
| 2015 | 24,298 | +0.3% | $106,324 | +1.1% |
| 2017 | 24,323 | +0.1% | $107,612 | +1.2% |
| 2019 | 24,478 | +0.6% | $123,477 | +14.7% |
| 2021 | 23,820 | -2.7% | $131,605 | +6.6% |
| 2023 | 25,059 | +5.2% | $143,368 | +8.9% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.