Palmetto city, Florida Demographics & Population 2026
As of 2026, Palmetto city, Florida has a total population of 13,449, the 281st largest city in Florida, with a median household income of $61,538, which is 14% lower than the state average. The poverty rate is 14.1%.
Palmetto city Quick Facts
How Palmetto city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 64 | National average: 60
Education
Educational Attainment (Adults 25+)
Palmetto city Rankings in Florida
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Cities Similar to Palmetto city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Cypress Lake CDP | 13,145 | $62,767 | $237,700 | 36.3% | 10.0% |
| On Top of the World CDP | 13,772 | $57,765 | $275,000 | 38.3% | 5.8% |
| Wimauma CDP | 13,003 | $58,708 | $334,400 | 21.0% | 25.6% |
| Villas CDP | 13,578 | $55,641 | $232,800 | 28.6% | 9.2% |
| East Milton CDP | 14,280 | $61,922 | $199,900 | 11.9% | 10.8% |
Population Overview
Palmetto city is a small city located in Florida. The total population is 13,449. It ranks as the 281st most populous out of 953 cities and towns in Florida.
Age Demographics
The median age in Palmetto city is 52.8 years. This is 24% higher than the state median of 42.6 years. 14.2% 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 Palmetto city is $61,538. This is 14% lower than the state median of $71,711. Compared to the national median of $78,538, household income here is 22% lower. The poverty rate stands at 14.1%. This is 12% higher than the state poverty rate of 12.6%. The unemployment rate is 3.6%. This is 25% lower than the state rate of 4.8%. The median home value is $256,700. Housing costs are 21% lower than the state median of $325,000. The home-value-to-income ratio is 4.2x. 68.0% of occupied housing units are owner-occupied.
Race & Ethnicity
The largest racial or ethnic group in Palmetto city is White (non-Hispanic), making up 63.8% of the population. Hispanic or Latino residents account for 20.6%. The Asian population (0.6%) is well below the state average of 2.8%.
Education
30.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 9% lower than the state rate of 33.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.0%.
Data Sources & Methodology
All demographic data for Palmetto city, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 953 Census-designated places in Florida. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Palmetto city, Florida?
Palmetto city, Florida has a population of 13,449 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Palmetto city, FL?
The median household income in Palmetto city is $61,538, which is 22% lower the national median of $78,538.
What is the poverty rate in Palmetto city, FL?
The poverty rate in Palmetto city is 14.1%. This means approximately 1,886 residents live below the federal poverty line.
What is the racial makeup of Palmetto city, Florida?
Palmetto city's population is 63.8% White, 13.0% Black, 20.6% Hispanic/Latino, and 0.6% Asian.
What is the median home value in Palmetto city, FL?
The median home value in Palmetto city is $256,700. The home-value-to-income ratio is 4.2x.
How educated is Palmetto city, Florida?
30.2% of adults (25+) in Palmetto city hold a bachelor's degree or higher, and 8.4% hold a graduate or professional degree.