Living in Palmer Ranch, Florida
Cost of living, income, home prices, rent and demographics of Palmer Ranch · Census data 2020–2024
Palmer Ranch has 16,867 residents with a median age of 64.9. The median household income is $102,838 (38% higher than the Florida median), the median home value is $592,900, the median rent is $1,794/month.
Palmer Ranch at a glance
- Population
- 16,867
- Median age
- 64.9State: 42.6
- Median household income
- $102,838State: $74,568
- Median home value
- $592,900State: $359,000
- Median rent
- $1,794/moState: $1,669
- Homeowners
- 75.5%
- Bachelor's degree or higher
- 56.4%
- Average commute
- 25 min
Is Palmer Ranch a good place to live?
Pros: Median household income 38% higher than the Florida median; an average commute of 25 minutes; unemployment of 1.5%; a poverty rate of 6.9%.
Cons: Home values 65% higher than the state median.
The weather is best in November to February.
Cost of living in Palmer Ranch
Housing is the biggest part of the cost of living. In Palmer Ranch the median home value is $592,900, 78% higher than the U.S. median. Renters pay a median of $1,794 per month, which is 31.2% of household income. Homeowners with a mortgage pay $2,388 a month in housing costs.
Palmer Ranch median household income
The median household income in Palmer Ranch is $102,838 and the income per person is $69,893. 6.9% of residents live below the poverty line (Florida: 12.6%).
Housing in Palmer Ranch: homes for sale and rent
- Housing units
- 10,392
- Owner-occupied
- 75.5%
- Renter-occupied
- 24.5%
- Vacant
- 16%Includes seasonal homes
- Median year built
- 1999
- Average household size
- 1.91
Palmer Ranch demographics
- Population
- 16,867
- Median age
- 64.9
- Under 18
- 9.1%
- 65 and older
- 49.7%
- Households
- 8,733
- Foreign-born
- 18%
- Veterans
- 9.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Palmer Ranch ›
Education in Palmer Ranch
56.4% of adults 25 and older in Palmer Ranch have a bachelor's degree or higher (Florida: 34.1%), and 28.6% have a graduate or professional degree.
Jobs and commute in Palmer Ranch
- Unemployment rate
- 1.5%State: 4.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 24.4%
- Drive alone
- 69.9%
- Public transit
- 0%
- Walk to work
- 0.4%
- Homes with broadband
- 94%
Palmer Ranch vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palmer Ranch | 16,867 | $102,838 | $592,900 | $1,794 |
| Vamo | 2,936 | $88,025 | $364,400 | $2,500 |
| Osprey | 5,943 | $103,516 | $750,000 | $2,196 |
| Gulf Gate | 7,998 | $61,379 | $357,500 | $1,768 |
| Bee Ridge | 10,334 | $75,906 | $412,400 | $2,118 |
| South Gate Ridge | 5,310 | $70,469 | $444,800 | $1,612 |
| Lake Sarasota | 3,595 | $92,429 | $381,000 | $1,986 |
| Ridge Wood Heights | 5,366 | $69,894 | $370,700 | $1,587 |
| Sarasota Springs | 12,611 | $95,688 | $349,100 | $2,137 |
More for people moving to Palmer Ranch
Palmer Ranch ZIP code ›Weather and climate ›Living in Palmer Ranch: FAQ
What is the median household income in Palmer Ranch, FL?
The median household income in Palmer Ranch is $102,838, 38% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palmer Ranch?
The median home value in Palmer Ranch is $592,900, compared with $359,000 in Florida.
How much is rent in Palmer Ranch?
The median gross rent in Palmer Ranch is $1,794 per month, about 31.2% of household income.
Is Palmer Ranch, FL a good place to live?
Pluses: median household income 38% higher than the Florida median; an average commute of 25 minutes; unemployment of 1.5%; a poverty rate of 6.9%. Minuses: home values 65% higher than the state median.
What is the median age in Palmer Ranch?
The median age in Palmer Ranch is 64.9 years (Florida: 42.6).
How long is the commute in Palmer Ranch?
The average commute to work in Palmer Ranch is 25 minutes; 24.4% of workers work from home.
What is the unemployment rate in Palmer Ranch?
The unemployment rate in Palmer Ranch is 1.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palmer Ranch?
56.4% of adults in Palmer Ranch have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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