Everything You Should Know Before Moving to Palmetto Bay, FL
Considering Palmetto Bay, FL for your next move? With a population of 24,500, this suburban Miami community offers top-rated schools, a high median household income of $131,200, and a strong sense of safety with a violent crime rate of just 115 per 100K. The cost of living is above average with median home prices at $725,000 and average rents around $2,350, but residents enjoy 70% sunny days and quick access to quality healthcare. Commute times average 33 minutes, making Palmetto Bay a great choice for families and professionals seeking an upscale, vibrant lifestyle near Miami.
Demographics - Palmetto Bay, FL
Demographics - Palmetto Bay, FL
Palmetto Bay is home to about 24,500 residents with a median age of 41, reflecting a blend of families and professionals. The community is predominantly White at 77.5%, but nearly 44% of residents speak a language other than English, highlighting its cultural diversity. Its balanced gender ratio and suburban character make it a welcoming place for a variety of households.
Population:
24,500
Density:
3,700 per sq mi
Median Age:
41.2
Gender Ratio:
95 males per 100 females
Non-English Speakers Percentage:
44.3%
Ethnic Composition
White:
77.5%
Black:
9.2%
Asian:
2.1%
Others:
11.2%
Cost Of Living
What is the average cost of living in Palmetto Bay, FL?
Living in Palmetto Bay comes with a higher cost of living, with median home values around $725,000 and average rents at $2,350. While groceries, utilities, and transportation are above the national average, Florida’s absence of state income tax helps offset some expenses. Residents enjoy an upscale lifestyle with access to quality amenities.
Median House Value:
$725,000
Gross Rent:
$2,350
Monthly Electricity Charges:
$140
Auto Insurance:
$2,250
House Owner Cost With Mortgage:
$3,150
House Owner Cost Without Mortgage:
$890
State Taxes:
Low:
0%
|
High:
0%
Cost Of Living Index:
137.4
Grocery:
108.2
Housing:
181.6
Utilities:
101.2
Transportation:
134.1
Health Care:
105.7
Miscellaneous:
104.8
Crime
Is Palmetto Bay, FL a safe place to live?
Palmetto Bay boasts a low violent crime rate of 115 per 100,000 people, offering residents a strong sense of safety. Property crime rates are moderate, with a chance of about 1 in 95. Overall, the area is considered safe and family-friendly, especially compared to urban Miami.
Violent Crimes Per 100k:
115
Property Crimes Per 100k:
1,050
Crime Index:
1,165
Chance Of Violent Crime:
1 in 870
Chance Of Property Crime:
1 in 95
Weather
What is the weather like in Palmetto Bay, FL year-round?
Residents enjoy a warm, tropical climate with winter lows around 61°F and summer highs reaching 90°F. With 70% sunny days and nearly 62 inches of annual rainfall, outdoor activities are popular year-round. The mild winters and hot summers make it ideal for those who appreciate sunshine and lush greenery.
Winter
Min:
61°F
Max:
76°F
Spring
Min:
67°F
Max:
83°F
Summer
Min:
76°F
Max:
90°F
Fall
Min:
70°F
Max:
86°F
Average Rainfall Inches:
61.9 inches
Sunny Days Percentage:
70%
Neighbors
Palmetto Bay features a high median household income of $131,200 and a low poverty rate of 6.1%. Most residents are well-educated, with over half holding at least a bachelor’s degree, and unemployment is notably low at 2.8%. The neighborhood has a diverse, professional population and a strong sense of community.
Median Income:
$54,000
Household Income:
$131,200
Family Income:
$148,000
Per Capita Income:
$55,600
Income Male:
$63,000
Income Female:
$49,500
Poverty Rate:
6.1%
Non English Speakers:
44.3%
Rent:
$2,350
Unemployment Rate:
2.8%
Public Transport Usage:
2.1%
Commute Time:
33.4 minutes
Education
High School or Higher:
95.3%
Bachelors or More:
54.8%
Education
How are the schools in Palmetto Bay, FL?
Palmetto Bay offers strong educational options, including highly rated public schools like Coral Reef Elementary and Southwood Middle, as well as private institutions such as Palmer Trinity School. The area is close to major colleges like Miami Dade College and Florida International University, providing ample opportunities for higher education. Families benefit from excellent student-teacher ratios and a supportive academic environment.
Public Schools
Name:
Coral Reef Elementary School
Street:
7955 SW 152nd St
Phone:
305-235-1464
Students:
980
Student Teacher Ratio:
16.8
Name:
Southwood Middle School
Street:
16301 SW 80th Ave
Phone:
305-251-5361
Students:
1,050
Student Teacher Ratio:
18.2
Private Schools
Name:
Palmer Trinity School
Street:
7900 SW 176th St
Phone:
305-251-2230
Students:
770
Colleges
Name:
Miami Dade College - Kendall Campus
City:
Miami
State:
FL
Distance:
8 miles
Students:
27,000
Name:
Florida International University
City:
Miami
State:
FL
Distance:
14 miles
Students:
56,000
Healthcare
Residents have convenient access to major hospitals like Jackson South Medical Center and Baptist Hospital of Miami, both offering comprehensive emergency and surgical care. With 2.7 physicians per 1,000 people and over 91% health insurance coverage, healthcare services in Palmetto Bay are both accessible and reliable. The area is well-suited for families and retirees seeking quality medical care.
Major Hospitals
Name:
Jackson South Medical Center
Address:
9333 SW 152nd St, Miami, FL 33157
Phone:
(305) 251-2500
Type:
General & Surgical
Emergency Services:
Yes
Name:
Baptist Hospital of Miami
Address:
8900 N Kendall Dr, Miami, FL 33176
Phone:
(786) 596-1960
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.7
Health Insurance Coverage:
91.1%
Health Care Index:
68.9
Housing Market
What is the housing market like in Palmetto Bay, FL?
Palmetto Bay’s housing market is robust, with a median home price of $725,000 and a high owner-occupancy rate of 81%. Average rents for a two-bedroom are $2,350, and recent home appreciation has been strong at 7.2%. The area sees low foreclosure and vacancy rates, reflecting stable demand and a desirable living environment.
Median Home Price:
$725,000
Average Rent For 2 Bedroom:
$2,350
Owner Occupied Rate:
81.2%
Rental Vacancy Rate:
4.1%
Home Appreciation Rate (1yr):
7.2%
New Construction Rate:
2.2%
Foreclosure Rate:
0.4%
DMV Information
For driver and vehicle services, residents are served by the Florida Department of Highway Safety and Motor Vehicles located nearby in Miami. The office offers a full range of licensing and registration services, and more information is available on the official state DMV website. This convenient access makes handling vehicle-related needs straightforward for Palmetto Bay residents.
State:
Florida
Department:
Florida Department of Highway Safety and Motor Vehicles
Address:
14653 SW 122nd Ave, Miami, FL 33186
Phone:
(305) 229-6333
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.