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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.

Palmetto Bay, FL
Real Estate & Demographic Data






Palmetto Bay profile


Living in Palmetto Bay



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 24,237 people and six associated neighborhoods, Palmetto Bay is the 132nd 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.

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.

Telecommuters are a relatively large percentage of the workforce: 18.29% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Palmetto Bay is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Palmetto Bay’s overall crime rate is lower than average for the country.

One of the nice things about Palmetto Bay is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy 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 36.55 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 62.43% 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 2018 was $71,494, which is wealthy relative to Florida and the nation. This equates to an annual income of $285,976 for a family of four.

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. People of Hispanic or Latino origin are the most prevalent group in Palmetto Bay, accounting for 48.18% of the village’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Palmetto Bay residents report their race to be White, followed by Asian. Important ancestries of people in Palmetto Bay include German, Irish, English, Italian, and Greek.

Foreign born people are also an important part of Palmetto Bay's cultural character, accounting for 28.36% of the village’s population.

The most common language spoken in Palmetto Bay is English. Other important languages spoken here include Spanish and Portuguese.