Cost of Living in Palmetto Bay, Florida
Palmetto Bay has a population of about 24,639. The median household income is $142,447, median gross rent is $2,101/month, and the median home value is $879,700. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Palmetto Bay expensive to live in?
Compared with the national median in this dataset, rent in Palmetto Bay is 27% above the national median and home values are 135% above the national median. Household income here is 70% above the national median. Monthly rent represents roughly 18% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Palmetto Bay?
The median gross rent in Palmetto Bay, Florida is $2,101 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Palmetto Bay?
The median owner-occupied home value in Palmetto Bay is $879,700 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Palmetto Bay?
The median household income in Palmetto Bay is $142,447 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.