Palmetto Bay

County:: Miami-Dade County
County Seat:: No
Area (mi²):: 8.285
State:: Florida

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.

Demographics

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, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Two or more races

Asian

Black or African American

Other race

Native American

Native Hawaiian or Pacific Islander

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%
Native Hawaiian or Pacific Islander	0	0%

Palmetto Bay Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

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%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$185,888	-
Families	$174,046	$232,705
Households	$143,368	$205,337
Non Families	$59,923	$97,808

$74,032

Average Income

$143,368

Median Household Income

6.42%

Poverty Rate