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Economy & jobs
Statistics · City
estimate
Median household income in Palmetto Bay
2013 – 2024 · 12 data points
21 of 386 · Towns of Florida
Updated Nov 8, 2026
Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2013 – 2024
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Overview
7 figures
People
21 figures
Economy
20 figures
Housing
8 figures
Education
10 figures
Tourism
3 figures
Climate
8 figures
Latest value · 2024
$142,447
−0.6%
since 2023 ± $9,768 · margin of error
Towns of Florida · 2024
21 of 386
Place 1 is the highest value.
since 2014
+31%
+2.8% a year on average
vs Miami-Dade County
+99%
Miami-Dade County: $71,753 · 2024
Median household income, 2013 – 2024 US Dollar · Palmetto Bay · Miami-Dade County · Florida · United States
+31% since 2014
$0
$50,000
$100K
$150K
$200K
2013
2016
2018
2020
2024
Palmetto Bay
Miami-Dade County
Florida
United States
Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2013 – 2024
Compared with Median household income · US Dollar
Source: U.S. Census Bureau, American Community Survey 5-year estimates
The series at a glance Palmetto Bay · 2013 – 2024
Latest value
$142,447 · 2024
First value
$105,122 · 2013
Highest
$144,987 · 2022
Lowest
$105,122 · 2013
Average change
+2.8% a year on average
Data points
12
By year
All years · 2013 – 2024
| Year | Palmetto Bay | ± | Change | Miami-Dade County | Florida | United States |
|---|---|---|---|---|---|---|
| 2024estimate | $142,447 | $9,768 | −0.6% | $71,753 | $74,568 | $80,734 |
| 2023estimate | $143,368 | $13,600 | −1.1% | $68,694 | $71,711 | $78,538 |
| 2022estimate | $144,987 | $11,070 | +10% | $64,215 | $67,917 | $75,149 |
| 2021estimate | $131,605 | $11,107 | +6.8% | $57,815 | $61,777 | $69,021 |
| 2020estimate | $123,235 | $10,168 | −0.2% | $53,975 | $57,703 | — |
| 2019estimate | $123,477 | $5,705 | +6.7% | $51,347 | $55,660 | — |
| 2018estimate | $115,709 | $8,542 | +7.5% | $48,982 | $53,267 | — |
| 2017estimate | $107,612 | $7,645 | +2.2% | $46,338 | $50,883 | — |
| 2016estimate | $105,316 | $7,559 | −0.9% | $44,224 | $48,900 | — |
| 2015estimate | $106,324 | $6,838 | −1.9% | $43,129 | $47,507 | — |
| 2014estimate | $108,360 | $6,478 | +3.1% | $43,099 | $47,212 | — |
| 2013estimate | $105,122 | $7,147 | $43,100 | $46,956 | — |
Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2013 – 2024
Ranking · Towns of Florida
2016 · Place 1 is the highest value.
| # | Territory | Median household income | |
|---|---|---|---|
| 105 | Alva | $61,542 | |
| 210 | Anna Maria | $46,776 | |
| 286 | Apalachicola | $39,375 | |
| 54 | Apollo Beach | $72,994 | |
| 68 | Atlantic Beach | $70,921 | |
| 42 | Atlantis | $76,641 | |
| 137 | Aventura | $55,891 | |
| 234 | Bagdad | $45,027 | |
| 188 | Bal Harbour | $49,869 | |
| 255 | Baldwin | $42,321 | |
| 106 | Bay Harbor Islands | $61,225 | |
| 182 | Bay Pines | $50,703 | |
| 325 | Bayonet Point | $33,706 | |
| 276 | Bayshore Gardens | $40,158 | |
| 307 | Bell | $37,321 | |
| 368 | Belle Glade | $26,859 | |
| 29 | Belleair | $84,205 | |
| 24 | Belleair Beach | $90,125 | |
| 238 | Belleair Bluffs | $44,350 | |
| 187 | Bellview | $49,874 | |
| 367 | Beverly Hills | $27,147 | |
| 116 | Big Pine Key | $59,500 | |
| 103 | Biscayne Park | $61,667 | |
| 27 | Bloomingdale | $85,111 | |
| 55 | Boca Raton | $72,970 | |
| … | |||
| 295 | Palm River-Clair Mel | $38,691 | |
| 318 | Palm Springs | $34,621 | |
| 258 | Palmetto | $42,047 | |
| 10 | Palmetto Bay | $105K | |
| 328 | Panacea | $33,261 | |
| 297 | Panama City | $38,397 | |
| 158 | Panama City Beach | $53,251 | |
| … |
Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2016
What it means
The income in the middle: half the households earn more, half earn less.
How it is calculated
Median of total annual household income from the survey, in dollars of the survey's last year.
Economy & jobs
Statistics: Palmetto Bay
GDP per person
$73,879
2024 · Florida
GDP per person (PPP)
$73,879
2024 · Florida
Gross domestic product
$261B
2024 · Miami-Dade County
Economic growth
3.4%
2024 · Miami-Dade County
Inflation
2.9%
2024 · United States
Unemployment rate
2.6%
2025
Unemployment rate, latest month
2.8%
Aug 2026
Youth unemployment
9.3%
2025 · United States
Employment rate
68.2%
2024 · Florida
Labour force participation
66.9%
2024
Labour force
12,920
2025
Household income per person
$64,167
2024 · Florida