Palmetto Bay is a medium-sized coastal village (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 24,642 people and six constituent neighborhoods, Palmetto Bay is the 113th largest community in Florida.
Palmetto Bay home prices are not only among the most expensive in Florida, but Palmetto Bay real estate also consistently ranks among the most expensive in America.
Palmetto Bay is a decidedly white-collar village, with fully 91.31% of the workforce employed in white-collar jobs, well above the national average. Overall, Palmetto Bay is a village of professionals, sales and office workers, and managers. There are especially a lot of people living in Palmetto Bay who work in sales jobs (15.12%), management occupations (14.20%), and office and administrative support (12.50%).
Also of interest is that Palmetto Bay has more people living here who work in computers and math than 95% of the places in the US.
Because of many things, Palmetto Bay is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Palmetto Bay really has some of the features that families look for when choosing a good community to raise children. Is Palmetto Bay perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Palmetto Bay is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
One downside of living in Palmetto Bay is that it can take a long time to commute to work. In Palmetto Bay, the average commute to work is 34.71 minutes, which is quite a bit higher than the national average.
Do you like to read, write and learn? If you move to Palmetto Bay, you'll likely find that many of your neighbors like to as well. Palmetto Bay is one of the more educated communities in America, with a full 54.18% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Palmetto Bay in 2010 was $43,684, which is wealthy relative to Florida and the nation. This equates to an annual income of $174,736 for a family of four. However, Palmetto Bay contains both very wealthy and poor people as well.
Palmetto Bay is an extremely ethnically-diverse village. The people who call Palmetto Bay home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palmetto Bay residents report their race to be White, followed by Black or African-American. Palmetto Bay also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 39.69% of the village’s residents. Important ancestries of people in Palmetto Bay include Irish, English, Italian, and Polish.
In addition, Palmetto Bay has a lot of people living here who were born outside of the US (29.87%).
The most common language spoken in Palmetto Bay is English. Other important languages spoken here include Spanish and Chinese.