At a Glance
Median Income
$61,538
$39,847 per capita
Home Value
$256,700
Zillow: $350,285
Median Rent
$1,286/mo
35.3% of income on rent
Violent Crime
608/100K
1,786/100K property
Bachelor's Degree+
30.2%
89.0% high school+
Unemployment
3.6%
8.3% poverty rate
Obesity Rate
34.6%
13.8% smoking rate
How Palmetto Compares to the U.S. Average
Each bar shows Palmetto's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Palmetto a Good Place to Live?
B
3.1 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Palmetto residents earn a median household income of $61,538 , which is 18% below the national average of $75,149.
Per capita income is $39,847. The unemployment rate stands at 3.6% (0% below the U.S. rate of 3.6%). 8.3% of residents live below the poverty line. The area is home to 14,624 business establishments, including 773 restaurants.
Housing & Cost of Living
The median home value in Palmetto is $256,700 , 9% below the national median of $281,900.
Zillow estimates the typical home at $350,285. Median rent is $1,286/month, with 35.3% of renters spending more than 30% of income on housing. The cost of living index is 103.4 (100 = national average). The median home was built in 1984.
Safety & Crime
Palmetto reports 608 violent crimes per 100,000 residents
, which is 60% above the national average of 380/100K.
Property crime is 1,786/100K.
Education
30.2% of adults in Palmetto hold a bachelor's degree or higher
(10% below the national average).
89.0% have completed high school. Local schools score 5.4/10 in standardized testing.
Climate & Weather
Palmetto has an average annual temperature of 74°F (23°C).
Winters average 62°F in January while summers reach 83°F in July. Annual precipitation totals 49.0 inches.
Data Overview
People
Population13,449
Median Age52.8 yrs
Density2,504/mi²
Male / Female48% / 52%
Foreign Born9.6%
Veterans8.6%
Economy
B+
Median Income$61,538
Per Capita$39,847
Unemployment3.6%
Poverty8.3%
County GDP$26,348M
Avg Weekly Wage$1,170
Housing
A
Home Value$256,700
Rent$1,286
Ownership67.9%
Zillow$350,285
Housing Units6,906
Rent Burden35.3%
Crime
F
Violent608/100K
Property1,786/100K
Health
Obesity34.6%
Diabetes11.1%
Smoking13.8%
Heart Disease5.8%
Premature Death8,820/100K
Climate
Avg Temp74°F
Rain49.0 in/yr
Elevation12 ft
Education
B
Bachelor's+30.2%
High School+89.0%
Graduate+9.0%
School Score5.4/10
Community
2024 VoteR 61% / D 38%
Commute24 min
Broadband84.1%
Internet Speed142 Mbps
EV Stations13
Libraries7
Did You Know?
Palmetto was founded in 1897.
The median home in Palmetto was built in 1984.
The nearest airport is Sarasota/Bradenton International (9 miles).
The Gini coefficient (income inequality) is 0.471 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
15.4% of the population has a disability.
Average internet download speed is 142 Mbps.
There are 773 restaurants in the area.
The county recorded 64 fatal vehicle crashes.