Palmetto, FL
Population 13,449 · Florida
About Palmetto, FL
Palmetto is a mid-sized city located in Florida with a population of 13,449 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,538 per year, which is 18% below the national median of $75,149. The median age of 52.8 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 Palmetto features a median home value of $256,700, which is 5% above the national median of $244,900. This positions Palmetto in a moderately priced market relative to the rest of the country. Median monthly rent is $1,286, 11% above the national average of $1,163/month. Of the 7,222 total housing units, 68% are owner-occupied (3,612 units) and 32% are renter-occupied (1,704 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Palmetto shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.1%, above the national average of 12.4%. Workers in Palmetto have an average one-way commute time of 24.1 minutes.
Education & Demographics
30.2% of Palmetto 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 16.9% White, 0.9% Hispanic or Latino, 2.3% Black or African American, and 1.3% Asian residents, with 9.6% of the population being foreign-born.
Cost of Living in Palmetto, FL
Compared to national averages, Palmetto has a median household income of $61,538 (18% below the national median of $75,149). Home values average $256,700, which is 5% above the national median. Monthly rent at $1,286 is 11% above the US average of $1,163. Within Florida, Palmetto's income is 19% below the state average of $75,893, and home values are 27% below the state median of $353,675.
Why Live in Palmetto, FL?
Palmetto offers a strong job market with an unemployment rate of just 3.6%, and short commute times averaging just 24.1 minutes.
Potential considerations include median household income ($61,538) that falls below the national average. However, Palmetto’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palmetto has a population of 13,449 with a median age of 52.8 years. Compare Palmetto with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Palmetto
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Asbury Lake | 13,465 | $100,681 | $293,000 | Compare |
| Jupiter Farms | 13,394 | $140,213 | $610,100 | Compare |
| Atlantic Beach | 13,353 | $103,288 | $565,500 | Compare |
| Conway | 13,346 | $96,250 | $366,800 | Compare |
| South Daytona | 13,322 | $54,931 | $210,500 | Compare |
| Villas | 13,578 | $55,641 | $232,800 | Compare |
| Callaway | 13,297 | $69,388 | $215,300 | Compare |
| Miami Springs | 13,606 | $88,705 | $504,000 | 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 Palmetto With Other Cities
Frequently Asked Questions about Palmetto
What is the population of Palmetto, FL?
The population of Palmetto, FL is 13,449 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 Palmetto?
The median household income in Palmetto, FL is $61,538 per year, which is 18% below the national median of $75,149.
What is the median home value in Palmetto?
The median home value in Palmetto, FL is $256,700, which is 5% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palmetto?
The median monthly rent in Palmetto, FL is $1,286, which is 11% above the national average of $1,163/month.
What is the unemployment rate in Palmetto?
The unemployment rate in Palmetto, FL is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Palmetto, FL a good place to live?
Palmetto offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 13,449 and a median age of 52.8, the city appeals to established professionals and retirees.
How educated is Palmetto, FL?
30.2% of residents in Palmetto 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 Palmetto?
Key cost-of-living indicators for Palmetto, FL: median home value is $256,700 (5% above national), median rent is $1,286/month, and median household income is $61,538. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Palmetto?
The poverty rate in Palmetto, FL is 14.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Palmetto, FL?
Palmetto's population is 16.9% White, 0.9% Hispanic or Latino, 2.3% Black or African American, 1.3% Asian, and 13.0% two or more races. 9.6% of residents are foreign-born.