Palmetto, Florida Demographics & Population 2026
During the 2020–2024 ACS period, Palmetto, Florida had a total population of 13,588, the 283rd largest city in Florida, with a median household income of $62,621, which is 16% lower than the state average. The poverty rate is 13.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Palmetto Quick Facts
How Palmetto 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 | 13,449 | 13,588 | +1.0% |
| Median household income | $61,538 | $62,621 | +1.8% |
| Median home value | $256,700 | $313,400 | +22.1% |
How Palmetto Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Palmetto Rankings in Florida
Explore Florida Rankings
Other Cities in Manatee County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Bradenton | 57,014 | $60,822 | 14.8% | $309,400 |
| South Bradenton | 25,990 | $48,315 | 16.8% | $167,200 |
| Bayshore Gardens | 18,131 | $44,958 | 15.0% | $181,400 |
| Memphis | 9,185 | $74,839 | 14.2% | $313,800 |
| West Samoset | 7,429 | $54,352 | 16.4% | $212,800 |
| Samoset | 5,284 | $51,976 | 20.9% | $196,800 |
| Cortez | 5,205 | $79,895 | 10.4% | $392,200 |
| Ellenton | 5,133 | $71,402 | 7.2% | $281,400 |
| Whitfield (Manatee County) | 4,261 | $98,348 | 8.1% | $470,500 |
| West Bradenton | 3,991 | $116,272 | 10.2% | $425,100 |
Cities Similar to Palmetto
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Hobe Sound | 13,817 | $63,484 | $394,700 | 29.8% | 15.7% |
| Callaway | 13,496 | $65,609 | $250,300 | 24.6% | 9.6% |
| Lakewood Park | 13,866 | $64,023 | $268,400 | 18.8% | 9.4% |
| Iona | 13,631 | $66,827 | $322,800 | 39.4% | 8.2% |
| Villas | 13,644 | $58,413 | $248,700 | 32.6% | 10.0% |
Population Overview
Palmetto is a small city located in Florida, within Manatee County. The total population is 13,588. It ranks as the 283rd most populous out of 955 Census-designated places in Florida.
Age Demographics
The median age in Palmetto is 49.8 years. This is 17% higher than the state median of 42.6 years. 14.8% 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 is $62,621. This is 16% lower than the state median of $74,568. It is also 22% lower than the national median of $80,734. The poverty rate stands at 13.5%. This is 8% higher than the state poverty rate of 12.6%. The unemployment rate is 2.6%. This is 47% lower than the state rate of 4.8%. The median home value is $313,400. Housing costs are 13% lower than the state median of $359,000. The home-value-to-income ratio is 5.0x. 68.8% of occupied housing units are owner-occupied. This homeownership rate is 2% higher than the state average of 67.6%.
Race & Ethnicity
The largest racial or ethnic group in Palmetto is White (non-Hispanic), making up 62.7% of the population. Hispanic or Latino residents account for 23.7%. The Asian population (0.1%) is well below the state average of 2.9%.
Education
28.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 18% lower 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 87.1%.
Data Sources & Methodology
All demographic data for Palmetto, 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 Palmetto, Florida?
Palmetto, Florida has a population of 13,588 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Palmetto, FL?
The median household income in Palmetto is $62,621, which is 22% lower than the national median of $80,734.
What is the poverty rate in Palmetto, FL?
The poverty rate in Palmetto is 13.5%. This means approximately 1,824 residents live below the federal poverty line.
What is the racial makeup of Palmetto, Florida?
Palmetto's population is 62.7% White, 10.5% Black, 23.7% Hispanic/Latino, and 0.1% Asian.
What is the median home value in Palmetto, FL?
The median home value in Palmetto is $313,400. The home-value-to-income ratio is 5.0x.
How educated is Palmetto, Florida?
28.1% of adults (25+) in Palmetto hold a bachelor's degree or higher, and 8.1% hold a graduate or professional degree.