Palmetto Bay is a village located in Miami-Dade County, Florida. Palmetto Bay has a 2025 population of 24,222. Palmetto Bay is currently declining at a rate of -0.09% annually and its population has decreased by -0.43% since the most recent census, which recorded a population of 24,327 in 2020.
The average household income in Palmetto Bay is $205,337 with a poverty rate of 6.42%.The median age in Palmetto Bay is 41.6 years: 39 years for males, and 43.1 years for females.
Data after 2023 is projected based on recent change
The racial composition of Palmetto Bay includes 57.48% White, 4.66% Asian, 4.05% Black or African American, and smaller percentages for other race, Native American and multiracial populations.
Race | Population | Percentage (of total) |
---|---|---|
White | 13,938 | 57.48% |
Two or more races | 7,464 | 30.78% |
Asian | 1,130 | 4.66% |
Black or African American | 982 | 4.05% |
Other race | 624 | 2.57% |
Native American | 109 | 0.45% |
Married
Widowed
Divorced
Separated
Never Married
Palmetto Bay's average per capita income is $74,032. Household income levels show a median of $143,368. The poverty rate stands at 6.42%.
Name | Median | Mean |
---|---|---|
Married Families | $185,888 | - |
Families | $174,046 | $232,705 |
Households | $143,368 | $205,337 |
Non Families | $59,923 | $97,808 |
Average Income
Median Household Income
Poverty Rate