Palm City, FL
Population 25,699 · Florida
About Palm City, FL
Palm City is a mid-sized city located in Florida with a population of 25,699 residents according to the latest US Census Bureau American Community Survey data. The median household income is $117,689 per year, which is 57% above the national median of $75,149. The median age of 50.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Palm City features a median home value of $532,100, which is 117% above the national median of $244,900. This places Palm City in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,965, 69% above the national average of $1,163/month. Of the 11,524 total housing units, 89% are owner-occupied (9,047 units) and 11% are renter-occupied (1,150 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Palm City shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Palm City have an average one-way commute time of 28.8 minutes.
Education & Demographics
47.9% of Palm City residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.6% White, 0.9% Hispanic or Latino, 0.7% Black or African American, and 4.9% Asian residents, with 9.1% of the population being foreign-born.
Cost of Living in Palm City, FL
Compared to national averages, Palm City has a median household income of $117,689 (57% above the national median of $75,149). Home values average $532,100, which is 117% above the national median. Monthly rent at $1,965 is 69% above the US average of $1,163. Within Florida, Palm City's income is 55% above the state average of $75,893, and home values are 50% above the state median of $353,675.
Why Live in Palm City, FL?
Palm City offers a strong local economy with a median household income of $117,689, well above the national average, and a well-educated community where 47.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $532,100. However, Palm City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palm City has a population of 25,699 with a median age of 50.2 years. Compare Palm City with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Palm City
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sebastian | 25,759 | $68,863 | $281,700 | Compare |
| Pace | 25,630 | $84,912 | $271,400 | Compare |
| Immokalee | 25,624 | $46,143 | $197,000 | Compare |
| South Bradenton | 25,585 | $47,914 | $149,600 | Compare |
| Nocatee | 25,581 | $131,488 | $585,000 | Compare |
| Key West | 25,824 | $78,532 | $816,300 | Compare |
| Tarpon Springs | 25,522 | $68,877 | $321,000 | Compare |
| Fish Hawk | 25,945 | $133,142 | $509,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Palm City With Other Cities
Frequently Asked Questions about Palm City
What is the population of Palm City, FL?
The population of Palm City, FL is 25,699 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Palm City?
The median household income in Palm City, FL is $117,689 per year, which is 57% above the national median of $75,149.
What is the median home value in Palm City?
The median home value in Palm City, FL is $532,100, which is 117% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palm City?
The median monthly rent in Palm City, FL is $1,965, which is 69% above the national average of $1,163/month.
What is the unemployment rate in Palm City?
The unemployment rate in Palm City, FL is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Palm City, FL a good place to live?
Palm City offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 25,699 and a median age of 50.2, the city appeals to established professionals and retirees.
How educated is Palm City, FL?
47.9% of residents in Palm City aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Palm City?
Key cost-of-living indicators for Palm City, FL: median home value is $532,100 (117% above national), median rent is $1,965/month, and median household income is $117,689. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Palm City?
The poverty rate in Palm City, FL is 5.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Palm City, FL?
Palm City's population is 0.6% White, 0.9% Hispanic or Latino, 0.7% Black or African American, 4.9% Asian, and 0.6% two or more races. 9.1% of residents are foreign-born.