Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Palmetto Bay, FL Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

24,639

Median Agei

Race & Ethnicityi

Hispanic/Latino

51.1%12,594

White

36.3%8,945

Black

4.3%1,059

Asian

4.1%1,018

Two or More

3%749

Other

1.1%274

Educational Attainment (Age 25+)i

GED/Alternative

1.4%242

High School Diploma

9.6%1,640

Some College (<1 yr)

5.7%972

Some College (1+ yr)

7.4%1,275

Associate's Degree

8.7%1,492

Bachelor's Degree

33.1%5,674

Master's Degree

15.7%2,697

Professional Degree

6.9%1,182

Doctorate

4.4%747

HS or Higher

92.9%

BA or Higher

60.1%

Graduate+

27%

Housingi

Median Home Valuei

$879,700

Median Renti

$2,101

Tenure

Owner-Occupied

78.2%6,376

Renter-Occupied

21.8%1,774

Total Units

8,681

Homeownership

78.2%

Vacancy Rate

6.1%

Home Values

Under $50K

1.3%81

$50K–$100K

1.1%67

$100K–$150K

0.6%39

$150K–$200K

0.3%20

$200K–$300K

1.4%88

$300K–$500K

4.9%310

$500K–$1M

55.5%3,537

$1M+

35%2,234

Rent Distribution

Under $500

$750–$1,000

$1,000–$1,250

153

$1,250–$1,500

163

$1,500–$2,000

412

$2,000+

924

Year Built

2020 or later

1.8%155

2010–2019

6%525

2000–2009

7.6%664

1990–1999

9.9%863

1980–1989

10.8%934

1970–1979

31.5%2,731

1960–1969

21.6%1,872

1950–1959

10.4%906

1940–1949

0.2%19

1939 or earlier

0.1%12

Heating Fuel

Electricity

87.5%7,129

Utility Gas

6.6%541

No Fuel

4.4%357

Solar

1.4%116

Bottled/LP Gas

0.1%7

Economyi

Median Household Incomei

$142,447

Mean Household Incomei

$205,511

Per Capita Incomei

$70,313

Poverty Ratei

5.8%

Unemploymenti

2.7%

Labor Forcei

12,931

Household Income Distribution

Under $10K

2.1%171

$10K–$15K

2%167

$15K–$20K

1.3%107

$20K–$25K

4.3%352

$25K–$30K

1.5%121

$30K–$35K

0.5%42

$35K–$40K

1.9%151

$40K–$45K

2.4%194

$45K–$50K

2.2%178

$50K–$60K

3.9%316

$60K–$75K

4.8%391

$75K–$100K

7.9%644

$100K–$125K

9.5%774

$125K–$150K

8.2%667

$150K–$200K

11.4%928

$200K+

36.2%2,947

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

Residentsi

112

Avg. Tenant Renti

$528/mo

Avg. Waitlisti

4 months

Programs in this community

Housing Choice Vouchers62 homes91% occupied$528/mo rent

Rental vouchers (Section 8) that help tenants pay for private-market housing

Household Incomei

Based on area median of $142,447/yr

Extremely low incomeUnder $43K/yr

85%

Very low income$43K–$71K/yr

13%

Low income$71K–$114K/yr

Who Receives This Housing

71% of subsidized households are headed by a single mother

100% of subsidized households are minority

36% of subsidized households include someone with a disability

46% of subsidized households include a senior (62+)

Ancestry & Heritage

Self-reported ancestry groups. Residents may report multiple ancestries, so totals may exceed 100%.

Foreign-Born Populationi

Foreign-Borni

7,98132.4%

By Region

Top Countries

China

301

Mexico

169

Canada

135

India

114

Germany

United Kingdom

Guatemala

Philippines

Commute & Transportationi

Workersi

12,353

Avg. Commutei

35.3 min

How People Get to Work

Travel Time to Work

Workforce

Total Employed

12,584

Occupations

Industries

Social Characteristicsi

Marital Status (15+)i

Veteransi

848(4.5% of civilian adults)

Health Insurancei

95.9%Insured

4.1%Uninsured