Palmer Ranch, Florida Demographics & Population 2026

Name: Palmer Ranch, Florida Demographics
Creator: U.S. Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

During the 2020–2024 ACS period, Palmer Ranch, Florida had a total population of 16,867, the 239th largest community in Florida, with a median household income of $102,838, which is 38% higher than the state average. The poverty rate is 6.9%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Household income is 38% above the state average — one of the wealthiest communities in Florida.
56.4% of adults hold a bachelor's degree or higher — top 10% in Florida.
Near full employment with an unemployment rate of just 1.5%.

Palmer Ranch Quick Facts

Population 16,867

Median Household Income $102,838

Median Home Value $592,900

Poverty Rate 6.9%

Unemployment Rate 1.5%

Median Age 64.9 years

Homeownership Rate 75.5%

Affordability Ratio 5.8x

Bachelor's Degree or Higher 56.4%

High School Graduation Rate 98.6%

Diversity Index 27/100

Population 16,867 239th of 955

Median Income $102,838 top 20%

Poverty Rate 6.9% 45% lower than national

Median Home Value $592,900 top 20%

How Palmer Ranch Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric	2019–2023	2020–2024	Change
Population	15,873	16,867	+6.3%
Median household income	$103,682	$102,838	-0.8%
Median home value	$563,000	$592,900	+5.3%

How Palmer Ranch Compares

Median Household Income

Palmer Ranch

$102,838

$74,568

National

$80,734

Median Home Value

Palmer Ranch

$592,900

$359,000

National

$332,700

Economy & Housing

Household Income Distribution

Under $25K 10.3%

$25K-$50K 11.3%

$50K-$100K 27.6%

$100K+ 50.8%

Detailed income brackets

Under $10K

5.0%

$10K-$15K

1.0%

$15K-$20K

2.3%

$20K-$25K

1.9%

$25K-$30K

3.0%

$30K-$35K

2.5%

$35K-$40K

2.0%

$40K-$45K

1.4%

$45K-$50K

2.3%

$50K-$60K

5.2%

$60K-$75K

11.1%

$75K-$100K

11.4%

$100K-$125K

9.0%

$125K-$150K

11.3%

$150K-$200K

11.0%

$200K+

19.5%

Employment

1.5% Unemployment Rate State: 4.8%|National: 5.2%

38.8% Labor Force Participation

Housing Overview

Owner 75.5%

Renter 24.5%

Affordability Index Expensive

5.8x home value to income ratio

Median gross rent $1,794/mo 20.9% of median household income annually

People & Demographics

Age Distribution

Under 18

9.0%

18-34

9.2%

35-54

14.4%

55-74

37.6%

75+

29.7%

Race & Ethnicity

Diversity Index

Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 65 | National average: 61

Education

Educational Attainment (Adults 25+)

Palmer Ranch Rankings in Florida

#239 Population of 955

#168 Median Income of 911

#93 Education of 955

#122 Home Value of 901

Explore Florida Rankings

Cities by Population All cities ranked by size Richest Cities Ranked by median income Most Educated By bachelor's degree rate Most Affordable By housing affordability

Other Cities in Sarasota County

City	Population	Median Income	Poverty	Home Value
North Port	84,605	$84,049	6.7%	$362,500
Sarasota	56,970	$72,105	15.0%	$463,000
Lakewood Ranch	43,945	$122,925	7.4%	$678,200
Venice	27,479	$76,755	9.2%	$434,700
Englewood	20,091	$69,222	8.5%	$339,900
South Venice	17,484	$77,097	12.5%	$337,300
Fruitville	15,172	$82,246	8.6%	$412,500
Sarasota Springs	12,611	$95,688	12.7%	$349,100
Laurel	11,741	$92,340	5.6%	$478,900
Bee Ridge	10,334	$75,906	7.2%	$412,400

Cities Similar to Palmer Ranch

These cities in the same state have comparable population and economic profiles.

City	Population	Median Income	Home Value	Bachelor's+	Poverty
Three Lakes	16,888	$102,306	$481,300	38.3%	10.0%
Niceville	16,544	$102,409	$423,500	38.5%	10.3%
Safety Harbor	17,033	$106,830	$454,000	48.6%	6.1%
Lake Mary	16,860	$109,173	$494,900	50.9%	3.5%
Marco Island	16,205	$101,523	$896,300	48.4%	7.3%

Population Overview

Palmer Ranch is a small city located in Florida, within Sarasota County. The total population is 16,867. It ranks as the 239th most populous out of 955 Census-designated places in Florida.

Age Demographics

The median age in Palmer Ranch is 64.9 years. This is 52% higher than the state median of 42.6 years. Only 9.0% of residents are under 18, indicating fewer families with children. 29.7% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Palmer Ranch is $102,838. This is 38% higher than the state median of $74,568. It is also 27% higher than the national median of $80,734. The poverty rate stands at 6.9%. This is 45% lower than the state poverty rate of 12.6%. The unemployment rate is 1.5%. This is 70% lower than the state rate of 4.8%. The median home value is $592,900. Housing costs are 65% higher than the state median of $359,000. The home-value-to-income ratio is 5.8x. 75.5% of occupied housing units are owner-occupied. This homeownership rate is 12% higher than the state average of 67.6%.

Race & Ethnicity

The largest racial or ethnic group in Palmer Ranch is White (non-Hispanic), making up 84.8% of the population. Hispanic or Latino residents account for 7.0%. The White (non-Hispanic) population is significantly higher than the state average (84.8% vs 50.4%). The Black or African American population (2.9%) is well below the state average of 14.6%. The Hispanic or Latino population (7.0%) is well below the state average of 27.4%.

Education

56.4% of residents aged 25 and older hold a bachelor's degree or higher. This places Palmer Ranch in the top 10% of all cities in the state for educational attainment. This is 65% higher than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.6%. Notably, 28.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Palmer Ranch, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Palmer Ranch, Florida?

Palmer Ranch, Florida has a population of 16,867 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Palmer Ranch, FL?

The median household income in Palmer Ranch is $102,838, which is 27% higher than the national median of $80,734.

What is the poverty rate in Palmer Ranch, FL?

The poverty rate in Palmer Ranch is 6.9%. This means approximately 1,149 residents live below the federal poverty line.

What is the racial makeup of Palmer Ranch, Florida?

Palmer Ranch's population is 84.8% White, 2.9% Black, 7.0% Hispanic/Latino, and 3.1% Asian.

What is the median home value in Palmer Ranch, FL?

The median home value in Palmer Ranch is $592,900. The home-value-to-income ratio is 5.8x.

How educated is Palmer Ranch, Florida?

56.4% of adults (25+) in Palmer Ranch hold a bachelor's degree or higher, and 28.6% hold a graduate or professional degree.