Palmona Park, FL
Population 1,028 · Florida
About Palmona Park, FL
Palmona Park is a small town located in Florida with a population of 1,028 residents according to the latest US Census Bureau American Community Survey data. The median household income is $29,912 per year, which is 60% below the national median of $75,149. The median age of 31 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Palmona Park features a median home value of $0, which is 100% below the national median of $244,900. This makes Palmona Park one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,359, 17% above the national average of $1,163/month. Of the 338 total housing units, 19% are owner-occupied (48 units) and 81% are renter-occupied (210 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Palmona Park shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 70.0%, above the national average of 12.4%. Workers in Palmona Park have an average one-way commute time of 14.4 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Palmona Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 66.8% Asian residents, with 66.8% of the population being foreign-born.
Cost of Living in Palmona Park, FL
Compared to national averages, Palmona Park has a median household income of $29,912 (60% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $1,359 is 17% above the US average of $1,163. Within Florida, Palmona Park's income is 61% below the state average of $75,893, and home values are 100% below the state median of $353,675.
Why Live in Palmona Park, FL?
Palmona Park offers affordable housing with a median home value of $0, below the US average of $244,900, and a strong job market with an unemployment rate of just 0.0%, and short commute times averaging just 14.4 minutes.
Potential considerations include median household income ($29,912) that falls below the national average. However, Palmona Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palmona Park has a population of 1,028 with a median age of 31 years. Compare Palmona Park with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Palmona Park
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Avalon | 1,033 | $96,318 | $294,200 | Compare |
| Masaryktown | 1,023 | $48,857 | $175,900 | Compare |
| Mexico Beach | 1,033 | $64,013 | $399,300 | Compare |
| Panacea | 1,039 | $36,332 | $0 | Compare |
| DeLand Southwest | 1,042 | $40,670 | $262,500 | Compare |
| Winding Cypress | 1,053 | $142,819 | $917,400 | Compare |
| Welaka | 1,059 | $51,528 | $271,200 | Compare |
| Weeki Wachee Gardens | 1,070 | $60,909 | $377,900 | 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 Palmona Park With Other Cities
Frequently Asked Questions about Palmona Park
What is the population of Palmona Park, FL?
The population of Palmona Park, FL is 1,028 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 Palmona Park?
The median household income in Palmona Park, FL is $29,912 per year, which is 60% below the national median of $75,149.
What is the median home value in Palmona Park?
The median home value in Palmona Park, FL is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Palmona Park?
The median monthly rent in Palmona Park, FL is $1,359, which is 17% above the national average of $1,163/month.
What is the unemployment rate in Palmona Park?
The unemployment rate in Palmona Park, FL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Palmona Park, FL a good place to live?
Palmona Park offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,028 and a median age of 31, the city appeals to young professionals and families.
How educated is Palmona Park, FL?
0.0% of residents in Palmona Park 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 Palmona Park?
Key cost-of-living indicators for Palmona Park, FL: median home value is $0 (100% below national), median rent is $1,359/month, and median household income is $29,912. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Palmona Park?
The poverty rate in Palmona Park, FL is 70.0%, 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 Palmona Park, FL?
Palmona Park's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 66.8% Asian, and 0.0% two or more races. 66.8% of residents are foreign-born.