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About Palmetto Bay
Palmetto Bay is a suburb in the Miami Metropolitan area. It has a population of 24,308 and a population density of 2,964, which is 97% above the national average. It has a median age of 40, which is 1 year below the Miami Metro median age and 2 years above the national average.
Palmetto Bay has a median home value of $948,000, which is 53% above the Metro average.The average rent of $5,351 is 47% above the metro average rent and 80% above the national average rent. The average household income in Palmetto Bay is $123,235 , which is 52% above the Metro average household income and 47% above the national average of household income.
The average school rating in Palmetto Bay is 8. Palmetto Bay also has a crime index 107 that is below the Metro average and above the National average, making it one of the best places to raise a family in Miami.
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Demographics
Palmetto Bay's population is made up of 61% married, 28% single, 8% divorced and 3% widowed. Baby Boomers make up the largest percentage of the population at 37%, while Millennials have the second largest segment at 23%. Homeowners make up 80% of the population in Palmetto Bay.
- 51% Male
- 49% Female
Employment
The Per Capita income in Palmetto Bay is $53,746. The Median Household Income is $123,235 and the Palmetto Bay Unemployment Rate is 6%.
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Crime Data
Palmetto Bay crime index is 107 which is higher than the national average. Click here to see the Safest Places to Live in Palmetto Bay.
Crime Index represents the risk of crime occurring in a area and is measured against national index of 100. If the Crime Index of an area is above 100 the crime in that area is relatively higher when compared to US. If the Crime Index of an area is below 100 the crime in that area is lower when compared to US.
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