Living in Palmetto Estates, Florida
Cost of living, income, home prices, rent and demographics of Palmetto Estates · Census data 2020–2024
Palmetto Estates has 16,129 residents with a median age of 42.9. The median household income is $82,064 (10% higher than the Florida median), the median home value is $445,900, the median rent is $1,948/month.
Palmetto Estates at a glance
- Population
- 16,129
- Median age
- 42.9State: 42.6
- Median household income
- $82,064State: $74,568
- Median home value
- $445,900State: $359,000
- Median rent
- $1,948/moState: $1,669
- Homeowners
- 86.3%
- Bachelor's degree or higher
- 25.1%
- Average commute
- 34 min
Is Palmetto Estates a good place to live?
Pros: Median household income 10% higher than the Florida median; unemployment of 4.6%; a poverty rate of 11.6%.
Cons: Home values 24% higher than the state median; an average commute of 34 minutes.
The weather is best in November to February.
Cost of living in Palmetto Estates
Housing is the biggest part of the cost of living. In Palmetto Estates the median home value is $445,900, 34% higher than the U.S. median. Renters pay a median of $1,948 per month, which is 39.6% of household income. Homeowners with a mortgage pay $2,336 a month in housing costs.
Palmetto Estates median household income
The median household income in Palmetto Estates is $82,064 and the income per person is $28,742. 11.6% of residents live below the poverty line (Florida: 12.6%).
Housing in Palmetto Estates: homes for sale and rent
- Housing units
- 4,268
- Owner-occupied
- 86.3%
- Renter-occupied
- 13.7%
- Vacant
- 1.1%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 3.80
Palmetto Estates demographics
- Population
- 16,129
- Median age
- 42.9
- Under 18
- 19.5%
- 65 and older
- 17.3%
- Households
- 4,223
- Foreign-born
- 49.1%
- Veterans
- 2.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Palmetto Estates ›
Education in Palmetto Estates
25.1% of adults 25 and older in Palmetto Estates have a bachelor's degree or higher (Florida: 34.1%), and 8.2% have a graduate or professional degree.
Jobs and commute in Palmetto Estates
- Unemployment rate
- 4.6%State: 4.8%
- Average commute
- 34 minState: 28 min
- Work from home
- 4.5%
- Drive alone
- 80.4%
- Public transit
- 2.1%
- Walk to work
- 0%
- Homes with broadband
- 94.5%
Palmetto Estates vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palmetto Estates | 16,129 | $82,064 | $445,900 | $1,948 |
| Richmond Heights | 9,992 | $67,606 | $378,100 | $1,801 |
| West Perrine | 11,162 | $66,997 | $411,500 | $1,488 |
| Palmetto Bay | 24,639 | $142,447 | $879,700 | $2,101 |
| Three Lakes | 16,888 | $102,306 | $481,300 | $2,361 |
| South Miami Heights | 38,766 | $65,417 | $407,100 | $1,605 |
| Kendall | 79,562 | $87,325 | $567,900 | $1,905 |
| Cutler Bay | 45,070 | $89,244 | $472,700 | $1,978 |
| The Crossings | 22,963 | $91,012 | $463,300 | $2,103 |
More for people moving to Palmetto Estates
Palmetto Estates ZIP code ›Weather and climate ›Living in Palmetto Estates: FAQ
What is the median household income in Palmetto Estates, FL?
The median household income in Palmetto Estates is $82,064, 10% 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 Palmetto Estates?
The median home value in Palmetto Estates is $445,900, compared with $359,000 in Florida.
How much is rent in Palmetto Estates?
The median gross rent in Palmetto Estates is $1,948 per month, about 39.6% of household income.
Is Palmetto Estates, FL a good place to live?
Pluses: median household income 10% higher than the Florida median; unemployment of 4.6%; a poverty rate of 11.6%. Minuses: home values 24% higher than the state median; an average commute of 34 minutes.
What is the median age in Palmetto Estates?
The median age in Palmetto Estates is 42.9 years (Florida: 42.6).
How long is the commute in Palmetto Estates?
The average commute to work in Palmetto Estates is 34 minutes; 4.5% of workers work from home.
What is the unemployment rate in Palmetto Estates?
The unemployment rate in Palmetto Estates is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palmetto Estates?
25.1% of adults in Palmetto Estates 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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