Living in Palmetto, Florida
Cost of living, income, home prices, rent and demographics of Palmetto · Census data 2020–2024
Palmetto has 13,588 residents with a median age of 49.8. The median household income is $62,621 (16% lower than the Florida median), the median home value is $313,400, the median rent is $1,366/month.
Palmetto at a glance
- Population
- 13,588
- Median age
- 49.8State: 42.6
- Median household income
- $62,621State: $74,568
- Median home value
- $313,400State: $359,000
- Median rent
- $1,366/moState: $1,669
- Homeowners
- 68.8%
- Bachelor's degree or higher
- 28.1%
- Average commute
- 26 min
Is Palmetto a good place to live?
Pros: Home values 13% lower than the state median; an average commute of 26 minutes; unemployment of 2.6%.
Cons: Median household income 16% lower than the Florida median; a poverty rate of 13.5%.
The weather is best in February–March and November–December.
Cost of living in Palmetto
Housing is the biggest part of the cost of living. In Palmetto the median home value is $313,400, 6% lower than the U.S. median. Renters pay a median of $1,366 per month, which is 34% of household income. Homeowners with a mortgage pay $1,938 a month in housing costs.
Palmetto median household income
The median household income in Palmetto is $62,621 and the income per person is $39,890. 13.5% of residents live below the poverty line (Florida: 12.6%).
Housing in Palmetto: homes for sale and rent
- Housing units
- 7,113
- Owner-occupied
- 68.8%
- Renter-occupied
- 31.2%
- Vacant
- 25.9%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.55
Palmetto demographics
- Population
- 13,588
- Median age
- 49.8
- Under 18
- 20.1%
- 65 and older
- 30%
- Households
- 5,274
- Foreign-born
- 10.4%
- Veterans
- 8.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Palmetto ›
Education in Palmetto
28.1% of adults 25 and older in Palmetto have a bachelor's degree or higher (Florida: 34.1%), and 8.1% have a graduate or professional degree.
Jobs and commute in Palmetto
- Unemployment rate
- 2.6%State: 4.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 11%
- Drive alone
- 72.4%
- Public transit
- 0.4%
- Walk to work
- 2.9%
- Homes with broadband
- 89.7%
Palmetto vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palmetto | 13,588 | $62,621 | $313,400 | $1,366 |
| Memphis | 9,185 | $74,839 | $313,800 | $1,173 |
| Bradenton | 57,014 | $60,822 | $309,400 | $1,618 |
| West Bradenton | 3,991 | $116,272 | $425,100 | $1,858 |
| Ellenton | 5,133 | $71,402 | $281,400 | $1,729 |
| Samoset | 5,284 | $51,976 | $196,800 | $1,386 |
| West Samoset | 7,429 | $54,352 | $212,800 | $1,407 |
| South Bradenton | 25,990 | $48,315 | $167,200 | $1,244 |
| Bayshore Gardens | 18,131 | $44,958 | $181,400 | $1,506 |
More for people moving to Palmetto
Palmetto ZIP code ›Weather and climate ›Living in Palmetto: FAQ
What is the median household income in Palmetto, FL?
The median household income in Palmetto is $62,621, 16% lower 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?
The median home value in Palmetto is $313,400, compared with $359,000 in Florida.
How much is rent in Palmetto?
The median gross rent in Palmetto is $1,366 per month, about 34% of household income.
Is Palmetto, FL a good place to live?
Pluses: home values 13% lower than the state median; an average commute of 26 minutes; unemployment of 2.6%. Minuses: median household income 16% lower than the Florida median; a poverty rate of 13.5%.
What is the median age in Palmetto?
The median age in Palmetto is 49.8 years (Florida: 42.6).
How long is the commute in Palmetto?
The average commute to work in Palmetto is 26 minutes; 11% of workers work from home.
What is the unemployment rate in Palmetto?
The unemployment rate in Palmetto is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palmetto?
28.1% of adults in Palmetto 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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