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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
2021 · Place 1 is the highest value.
| # | Territory | Median household income | |
|---|---|---|---|
| 388 | Century | $25,341 | |
| 387 | Goulding | $26,646 | |
| 386 | Steinhatchee | $27,482 | |
| 385 | Chiefland | $27,500 | |
| 384 | Opa-locka | $27,734 | |
| 383 | Fellsmere | $28,341 | |
| 382 | Dover | $29,375 | |
| 381 | Bunnell | $30,048 | |
| 380 | Brownsville | $30,394 | |
| 379 | Pahokee | $30,753 | |
| 378 | University | $30,945 | |
| 377 | Medley | $31,875 | |
| 376 | Crystal River | $31,938 | |
| 375 | Panacea | $31,976 | |
| 374 | Belle Glade | $32,963 | |
| 373 | Brooksville | $35,191 | |
| 372 | Jay | $36,111 | |
| 371 | Holiday | $37,068 | |
| 370 | Carrabelle | $37,105 | |
| 369 | Holly Hill | $37,333 | |
| 368 | Cross City | $37,372 | |
| 367 | Mangonia Park | $37,614 | |
| 366 | Zephyrhills West | $37,649 | |
| 365 | Beverly Hills | $37,728 | |
| 364 | Gladeview | $38,032 | |
| … | |||
| 17 | Nocatee | $128K | |
| 16 | Ocean Ridge | $130K | |
| 15 | Tierra Verde | $131K | |
| 14 | Palmetto Bay | $132K | |
| 13 | Lake Clarke Shores | $134K | |
| 12 | Southwest Ranches | $140K | |
| 11 | Sewall's Point | $141K | |
| … |
Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2021
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