Palm Shores, FL
Population 1,479 · Florida
About Palm Shores, FL
Palm Shores is a small town located in Florida with a population of 1,479 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,563 per year, which is 15% above the national median of $75,149. The median age of 44.4 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 Shores features a median home value of $341,800, which is 40% above the national median of $244,900. This positions Palm Shores in a moderately priced market relative to the rest of the country. Median monthly rent is $1,050, 10% below the national average of $1,163/month. Of the 626 total housing units, 89% are owner-occupied (497 units) and 11% are renter-occupied (61 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Palm Shores shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Palm Shores have an average one-way commute time of 24.7 minutes.
Education & Demographics
33.6% of Palm Shores residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.3% White, 0.4% Hispanic or Latino, 4.1% Black or African American, and 14.9% Asian residents, with 11.8% of the population being foreign-born.
Cost of Living in Palm Shores, FL
Compared to national averages, Palm Shores has a median household income of $86,563 (15% above the national median of $75,149). Home values average $341,800, which is 40% above the national median. Monthly rent at $1,050 is 10% below the US average of $1,163. Within Florida, Palm Shores's income is 14% above the state average of $75,893, and home values are 3% below the state median of $353,675.
Why Live in Palm Shores, FL?
Palm Shores offers a strong local economy with a median household income of $86,563, well above the national average, and rent that’s lower than the national average at $1,050/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a low poverty rate of 5.9%, better than the national average, and short commute times averaging just 24.7 minutes.
Palm Shores has a population of 1,479 with a median age of 44.4 years. Compare Palm Shores with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Palm Shores
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Glencoe | 1,479 | $53,024 | $350,000 | Compare |
| Ocean Ridge | 1,461 | $111,023 | $1,059,000 | Compare |
| Callahan | 1,502 | $57,538 | $233,500 | Compare |
| Pierson | 1,456 | $47,652 | $243,100 | Compare |
| Bronson | 1,455 | $60,714 | $132,500 | Compare |
| Key Vista | 1,503 | $67,316 | $320,100 | Compare |
| Belleair Beach | 1,506 | $137,045 | $987,000 | Compare |
| Astor | 1,507 | $59,643 | $118,600 | 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 Shores With Other Cities
Frequently Asked Questions about Palm Shores
What is the population of Palm Shores, FL?
The population of Palm Shores, FL is 1,479 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Palm Shores?
The median household income in Palm Shores, FL is $86,563 per year, which is 15% above the national median of $75,149.
What is the median home value in Palm Shores?
The median home value in Palm Shores, FL is $341,800, which is 40% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palm Shores?
The median monthly rent in Palm Shores, FL is $1,050, which is 10% below the national average of $1,163/month.
What is the unemployment rate in Palm Shores?
The unemployment rate in Palm Shores, FL is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Palm Shores, FL a good place to live?
Palm Shores offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,479 and a median age of 44.4, the city appeals to a broad range of residents.
How educated is Palm Shores, FL?
33.6% of residents in Palm Shores aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Palm Shores?
Key cost-of-living indicators for Palm Shores, FL: median home value is $341,800 (40% above national), median rent is $1,050/month, and median household income is $86,563. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Palm Shores?
The poverty rate in Palm Shores, FL is 5.9%, 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 Shores, FL?
Palm Shores's population is 0.3% White, 0.4% Hispanic or Latino, 4.1% Black or African American, 14.9% Asian, and 3.7% two or more races. 11.8% of residents are foreign-born.