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Moving to Palmetto Bay, FL

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Everything You Should Know Before Moving to Palmetto Bay, FL

Considering a move to Palmetto Bay, FL? This welcoming community of 24,500 residents offers a blend of suburban charm and convenience, with median home prices around $725,000 and average rents near $2,350. Commute times average 33 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (70% annually), ideal for families and commuters alike. Explore Palmetto Bay's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Palmetto Bay, FL

Palmetto Bay has a population of 24,500 residents, offering a diverse community with a median age of nearly 41 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 78% White, 9% Black, and 2% Asian residents, and over 44% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

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?

The cost of living in Palmetto Bay is higher than the national average, with a cost of living index of 137.4. Median home values are around $725,000 and average rents for a two-bedroom apartment are approximately $2,350. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and 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 is considered a safe community, with a low violent crime rate of 115 incidents per 100,000 residents and a property crime chance of 1 in 95. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Florida.

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?

Palmetto Bay experiences four distinct seasons, with warm summers reaching highs of 90°F and cold winters dipping to 61°F. The area receives about 62 inches of rainfall annually and enjoys sunshine on 70% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
61°F
Max
76°F

Summer

Min
76°F
Max
90°F

Spring

Min
67°F
Max
83°F

Fall

Min
70°F
Max
86°F
Average Rainfall Inches
61.9 inches
Sunny Days Percentage
70%

Neighbors

The neighborhood boasts a healthy median household income of $131,200 and a low poverty rate of 6.1%. Over 95% of residents have at least a high school diploma, and nearly 55% hold a bachelor's degree or higher. Commute times average 33 minutes, and almost 2% use public transportation, reflecting the area's accessibility and educated population.

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 quality education options, with public schools like Coral Reef Elementary School and Southwood Middle School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Miami Dade College - Kendall Campus and Florida International University. The community is committed to educational excellence for all age groups.

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

Palmetto Bay residents have access to quality healthcare, with major hospitals like Jackson South Medical Center and Baptist Hospital of Miami nearby. The community benefits from a high physician-to-resident ratio of 2.7 per 1,000 people and 91.1% health insurance coverage. Local healthcare services are reliable and comprehensive.

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

Healthcare Access

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?

The local housing market is strong, with a median home price of $725,000 and an owner-occupied rate of nearly 81%. The market has seen a 7.2% appreciation over the past year, and rental vacancy rates remain moderate at 4.1%. Palmetto Bay offers a mix of stability and opportunity for both buyers and renters.

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

Residents of Palmetto Bay handle vehicle services through the Florida Department of Highway Safety and Motor Vehicles, conveniently located in Miami. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Florida
Department
Florida Department of Highway Safety and Motor Vehicles
Address
14653 SW 122nd Ave, Miami, FL 33186
Phone
(305) 229-6333

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.

FAQs About Moving to Palmetto Bay, FL

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Palmetto Bay, review the core fields on this page: population 24,500, median home value $725,000, average rent for 2 bedroom $2,350, commute time 33.4 minutes, and sunny days percentage 70%.

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