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Palmetto Bay

Village, Miami-Dade County. Population 25,217 (2025), +0.5% on the prior year, +3.2% since 2020 Last updated 2026-10-04.

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BusinessFlare® GIS, live. 8.28 square miles of land inside the limits.

Population

2025
Population25,217Population, April 1, 2000 to 2025200025.2k high2025
Change since the prior year+0.5%2024 to 2025
Change since 2020+3.2%2020 to 2025
Census 202024,4392020

University of Florida Bureau of Economic and Business Research, Florida Estimates of Population, retrieved 2026-10-01 | Population estimates

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Basis of the latest figureestimate2025

Population by year

April 1 of each year. Basis is census in a census year, otherwise BEBR's estimate.

YearPopulationBasisChange
202525,217estimate+0.5%
202425,091estimate+0.1%
202325,064estimate+0.1%
202225,041estimate+2.2%
202124,499estimate+0.2%
202024,439census+0.4%
201924,341estimate+0.8%
201824,144estimate0.0%
201724,138estimate+0.7%
201623,962estimate+0.5%
201523,843estimate+0.3%
201423,767estimate-0.1%
201323,784estimate+0.6%
201223,643estimate+0.7%
201123,477estimate+0.3%
201023,408census-6.9%
200925,133estimate-0.1%
200825,170estimate+0.1%
200725,156estimate+0.1%
200625,142estimate+1.4%
200524,795estimate-0.4%
200424,903estimate+0.5%
200324,789estimaten/a
20000censusn/a

Labor force

Aug 2026
Unemployment rate2.8%Unemployment rate, not seasonally adjusted, Jan 2024 to Aug 2026Jan 20243.2% highAug 2026
Labor force13,105Aug 2026
Employment12,741Aug 2026
Unemployed364Aug 2026
Rate a year earlier3.0%Aug 2025
Labor force, change on a year earlier+1.8%Aug 2026

US Bureau of Labor Statistics, Local Area Unemployment Statistics, retrieved 2026-10-01 | Labor force page

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Latest month is preliminaryyesAug 2026

Monthly, last three years

Not seasonally adjusted. The latest month may be preliminary.

MonthLabor forceEmployedUnemployedRate
Aug 202613,10512,7413642.8%
Jul 202612,95812,6323262.5%
Jun 202612,83212,4493833.0%
May 202612,79612,4543422.7%
Apr 202613,07512,6564193.2%
Mar 202613,12212,7353872.9%
Feb 202613,05512,7133422.6%
Jan 202612,87612,5443322.6%
Dec 202513,14012,8253152.4%
Nov 202513,07812,7353432.6%
Sep 202512,77812,4223562.8%
Aug 202512,87912,4983813.0%
Jul 202512,93412,5623722.9%
Jun 202512,84212,5183242.5%
May 202512,82612,4963302.6%
Apr 202512,94612,6313152.4%
Mar 202512,82512,4823432.7%
Feb 202512,96712,6663012.3%
Jan 202512,90712,6232842.2%
Dec 202412,92412,6312932.3%
Nov 202412,84812,5233252.5%
Oct 202412,95512,6433122.4%
Sep 202412,95812,6742842.2%
Aug 202412,95912,6173422.6%
Jul 202412,96612,6333332.6%
Jun 202412,94012,6343062.4%
May 202413,04412,7692752.1%
Apr 202412,97612,7032732.1%
Mar 202412,98312,6932902.2%
Feb 202413,07112,8372341.8%
Jan 202413,04812,8132351.8%

Annual averages

YearLabor forceEmployedUnemployedRate
202512,92012,5873332.6%
202412,97312,6812922.3%

Sales and visitor spending

12 months to Mar 2026
BusinessFlare® estimate, last 12 months$1,791.8M

Monthly series, visitor, resident and big ticket groups, chart and workbook with the pass. Get the pass / Sign in

Pass holders: once signed in on the pass page, the monthly estimate loads here.

Economic Census geographic area series, retail trade and accommodation and food services, 2017 and 2022, retrieved 2026-10-01; BusinessFlare® city-level sales and visitor spending estimate (method and error; the figures are Street Economics Pass data), retrieved 2026-10-04 | How the estimate is made

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BusinessFlare® estimate from public sources. The estimate anchors on the sales the US Census Bureau published for this place in the 2017 and 2022 Economic Census, for retail trade and for accommodation and food services, and moves them month by month with the county's sales tax returns by kind of business (Florida Department of Revenue Form 10). After the 2022 anchor the place's share of the county moves with the growth of its commercial property on the Department's 2026 tax roll, as submitted by the county property appraiser, by use code: stores, shopping centers, supermarkets and auto dealers for retail; restaurants, bars and hotels for accommodation and food. The three spending groups follow the county's kind code mix within each sector. Every place with both anchors was carried from 2017 to 2022 the same way and the landing on the 2022 Census figure is the published error.

A landing error over 25% carries a wide error flag. The error is published with every figure; an estimate is never shown without it. Rounded to the nearest hundred thousand dollars; the monthly series is pass data.

Statewide median error, 2017 to 2022 back-test15.7%2017 to 2022
Retail trade (NAICS 44-45): Census sales 2017$996M2017
Retail trade (NAICS 44-45): Census sales 2022$1.58B2022
Retail trade (NAICS 44-45): 2022 landing error10.5%2022
Accommodation and food services (NAICS 72): Census sales 2017n/a2017
Accommodation and food services (NAICS 72): Census sales 2022$76.5M2022
Accommodation and food services (NAICS 72): 2022 landing errorn/a2022

Economic Census anchors and the back-test

SectorCensus sales 2017Census sales 20222017 carried to 2022Landing error
Retail trade (NAICS 44-45)$996M$1.58B$1.41B10.5%
Accommodation and food services (NAICS 72)n/a$76.5Mn/an/a
  • first published in 2022 for Accommodation and food services (NAICS 72): no back-test for this sector

Tourist tax

May 2023
Collections, latest month$64.6KTourist tax collections by month, Jun 2013 to May 2023Jun 2013$78.8K highMay 2023
Change on the same month a year earlier+46.1%May 2023
Last 12 months$686KMay 2023
Fiscal year to date$513KFY2023 to date (Oct 2022 to May 2023)

Miami-Dade County Tax Collector, convention and tourist tax collections by municipality, retrieved 2026-09-28 | Miami-Dade County tourist tax

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Monthly collections, last three years

MonthCollectionsChange
May 2023$64.6K+46.1%
Apr 2023$78.8K+3.3%
Mar 2023$73.3K+39.3%
Feb 2023$72.1K+183.1%
Jan 2023$62.8K+3.2%
Dec 2022$61.3K+28.8%
Nov 2022$65.5K+56.3%
Oct 2022$34.5K-14.4%
Sep 2022$33.9K-22.8%
Aug 2022$34.4K-34.1%
Jul 2022$52.4K+7.7%
Jun 2022$52.5K+30.0%
May 2022$44.3K-10.4%
Apr 2022$76.4K+40.1%
Mar 2022$52.6K+83.3%
Feb 2022$25.5K-30.3%
Jan 2022$60.8K+235.2%
Dec 2021$47.6K+45.7%
Nov 2021$41.9K+56.5%
Oct 2021$40.2K+67.2%
Sep 2021$43.9K+136.2%
Aug 2021$52.2K+195.4%
Jul 2021$48.7K+101.3%
Jun 2021$40.4K+162.8%
May 2021$49.4K+186.8%
Apr 2021$54.5K+163.9%
Mar 2021$28.7K-48.4%
Feb 2021$36.5K+36.9%
Jan 2021$18.2K-53.8%
Dec 2020$32.6K+10.8%
Nov 2020$26.8K-17.3%
Oct 2020$24.1K-10.4%
Sep 2020$18.6K-40.1%
Aug 2020$17.7K-43.5%
Jul 2020$24.2K-20.7%
Jun 2020$15.4K-51.2%

Fiscal years (October to September)

A fiscal year with months missing is marked partial.

Fiscal yearCollectionsMonths
FY2023$513K8partial
FY2022$562K12n/a
FY2021$456K12n/a
FY2020$324K12n/a
FY2019$375K12n/a
FY2018$371K12n/a
FY2017$288K12n/a
FY2016$301K12n/a
FY2015$280K12n/a
FY2014$282K12n/a
FY2013$269K12n/a
FY2012$233K12n/a
FY2011$204K12n/a
FY2010$164K12n/a
FY2009$151K12n/a
FY2008$201K12n/a
FY2007$215K12n/a
FY2006$209K12n/a
FY2005$176K12n/a
FY2004$58.7K5partial

Business base

Aug 2026
Licensed food service, lodging and alcohol businesses128New licenses by month, Sep 2016 to Aug 2026Sep 20163 highAug 2026
Food service licenses66Aug 2026
Lodging licenses22Aug 2026
Alcoholic beverage licenses40Aug 2026
New licenses, last 12 months3Aug 2026
Establishments (ZIP basis)2,0162023
Employees, mid March (ZIP basis)20,1612023
Annual payroll (ZIP basis)$1.09B2023

County Business Patterns and ZIP Code Business Patterns, complete data files, retrieved 2026-10-01; Florida DBPR active licensure base files: public food service, public lodging and retail alcoholic beverage licenses, retrieved 2026-10-01 | Licenses

Licenses are placed inside the city limits by their geocoded address.

Establishments, employment and payroll are a ZIP code basis: ZIP codes 33157, 33158.

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Licenses by type

Counted licenses in DBPR's food service, lodging and alcoholic beverage files, placed by geocoded address.

License typeFileActive
2010-SEATfood53
2COPalcohol17
2APSalcohol13
2003-NAPTlodging11
2007-DWEL-SNGLlodging9
2010-NOSTfood8
4COP-SFSalcohol4
2013-CATRfood4
11Calcohol2
13CTalcohol1
3PSalcohol1
4COPalcohol1
4COP-Salcohol1
2014-MFDVfood1
2002-MOTLlodging1
2006-CNDO-SNGLlodging1

ZIP Code Business Patterns, 2023

ZIP codes 33157, 33158: the ZIP codes whose Census internal point falls inside the city limits. A ZIP code crosses the limits, so this is a ZIP basis, not the city.

ZIP codeEstablishmentsEmployeesAnnual payroll
331571,85019,603$1.06B
33158166558$27.3M

Building permits

Aug 2026
Housing units permitted, last 12 months3Housing units permitted by month, Sep 2016 to Aug 2026Sep 2016235 highAug 2026
Change on the 12 months before-25.0%Aug 2026
Permit valuation, last 12 months$903KAug 2026
Units, latest month0Aug 2026
Single family units, last 12 months3Aug 2026
Units in buildings of 5 or more, last 12 months0Aug 2026
Units, latest annual table32025

US Census Bureau, Building Permits Survey, place and county residential permits, retrieved 2026-10-01 | Building permits

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Monthly, last three years

Residential permits as the Bureau publishes them; imputed months are the Bureau's imputations.

MonthUnits1 unit5 or moreValuation
Aug 2026000$0
Jul 2026000$0
Jun 2026000$0
May 2026000$0
Apr 2026110$311K
Mar 2026110$296K
Feb 2026000$0
Jan 2026000$0
Dec 2025110$296K
Nov 2025000$0
Oct 2025000$0
Sep 2025000$0
Aug 2025000$0
Jul 2025110$288K
Jun 2025000$0
May 2025000$0
Apr 2025110$288K
Mar 2025000$0
Feb 2025000$0
Jan 2025000$0
Dec 2024000$0
Nov 2024110$288K
Oct 2024000$0
Sep 2024110$288K
Aug 2024000$0
Jul 2024000$0
Jun 2024110$288K
May 20241239$2.15M
Apr 2024110$288K
Mar 2024000$0
Feb 2024000$0
Jan 2024000$0
Dec 2023110$286K
Nov 2023000$0
Oct 2023000$0
Sep 2023000$0

Annual table

YearUnits1 unit5 or moreValuation
2025330$871K
20241679$3.3M
202317170$4.59M
202265560$5.76M
20212405235$40.1M
2020330$708K
2019550$846K
20182132211$10.5M
201715150$3.74M
201619190$4.68M
201512120$3.55M
2014330$575K
2013220$308K
201211110$1.37M
2011110$275K

Property roll

2026 preliminary
Total just value$9.03B
Total taxable value (non school)$5.37B2026 preliminary
Total taxable value (school)$5.72B2026 preliminary
Just value, change on the prior roll+2.5%2025 final roll to 2026 preliminary
Taxable value (non school), change on the prior roll+6.2%2025 final roll to 2026 preliminary
Total just value, prior roll$8.81B2025 final roll
New construction value$23.3M2026 preliminary
Parcels8,9722026 preliminary

BusinessFlare® GIS, Amendment 3 Impact: Miami-Dade tax base under the $250K homestead exemption, retrieved 2026-10-03; Florida Department of Revenue, NAL tax roll, 2026 preliminary and final as posted, retrieved 2026-10-03 | Amendment 3 impact map

Parcels are placed by Census block group through the Census Bureau's block assignment file; a parcel in a block group that straddles the limits is apportioned. Census 2010 block groups; 89% of the county's just value lies in a place. Medians are over the parcels whose block group lies mostly in the place. Qualified sales: the roll's own sale fields, qualification codes 01 and 02, improved, single parcel.

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Median single family just value$912K2026 preliminary
Qualified sales, last 12 months315Jun 2025 to May 2026
Median qualified sale price$1.15MJun 2025 to May 2026
Just value, residential$7.72B2026 preliminary
Just value, commercial$839M2026 preliminary
Just value, industrial$10.1M2026 preliminary
Just value, agricultural$26.2M2026 preliminary
Just value, vacant$98.9M2026 preliminary
Just value, institutional$142M2026 preliminary
Just value, government$171M2026 preliminary
Just value, other$24.7M2026 preliminary
Non school taxable base (Amendment 3 analysis)$5B2026 preliminary
Share of the tax base removed by Amendment 323.8%2026 preliminary
Millage change needed31.2%2026 preliminary
Homesteads6,2712026 preliminary
Homesteads taken to zero taxable value8082026 preliminary
Millage roll-back to hold revenue2.69 to 3.52912026 preliminary

Just value by use group

Department of Revenue land use codes grouped: residential 001 to 009, commercial 011 to 039, industrial 041 to 049, agricultural 050 to 069, vacant 000, 010, 040 and 070, institutional 071 to 079, government 080 to 089, other 090 to 099. Taxable is the non school taxable value. Just value change compares with the 2025 final roll, summed the same way.

Use groupParcelsJust valueTaxable (non school)New constructionResidential unitsJust value change
Residential8,330$7.72B$4.51B$23.2M9,553+2.6%
Commercial302$839M$761M$64.9Kn/a+5.1%
Industrial1$10.1M$7.22M$0n/a+14.6%
Agricultural4$26.2M$2.81M$0n/a+17.0%
Vacant175$98.9M$62.3M$29.9Kn/a-0.6%
Institutional23$142M$16.3M$0n/a-0.1%
Government94$171M$0$0n/a-10.6%
Other43$24.7M$19.2M$0n/a+7.1%

Housing

2020 to 2024 ACS
Housing units8,681Homeownership rate, 2010 to 2024201084.0% high2024
Occupied units8,1502020 to 2024 ACS
Vacant units5312020 to 2024 ACS
Owner occupied households6,3762020-2024 5-Year
Renter occupied households1,7742020-2024 5-Year
Homeownership rate78.2%2020 to 2024 ACS
Cost burdened households, all tenures (over 30% of income)30.4%2025
Cost burdened renter households57.1%2025

Shimberg Center for Housing Studies, Florida Housing Data Clearinghouse, retrieved 2026-10-01 | Housing data

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Severely cost burdened renters (over 50%)33.0%2025
Assisted housing developments2Assisted Housing Inventory
Assisted units178Assisted Housing Inventory
Median gross rent$2.1K2020 to 2024 ACS
Median single family sale price$1.15M2024

Cost burden by income, 2025

Households by the share of income spent on housing, Shimberg Center estimates for 2025.

TenureIncome (share of area median)30% or less30.1 to 50%Over 50%
All households30% AMI or less7127419
All households30.01-50% AMI87106450
All households50.01-80% AMI159463315
All households80.01-120% AMI215148111
All householdsGreater than 120% AMI5,525474131
Renters30% AMI or less7110190
Renters30.01-50% AMI430333
Renters50.01-80% AMI4729014
Renters80.01-120% AMI76420
RentersGreater than 120% AMI4806214
Owners30% AMI or less017229
Owners30.01-50% AMI44106117
Owners50.01-80% AMI112173301
Owners80.01-120% AMI139106111
OwnersGreater than 120% AMI5,045412117

Single family sales by year

YearMedian priceSales
1996$225K243
1997$240K319
1998$235K374
1999$243K423
2000$255K445
2001$300K442
2002$355K473
2003$393K531
2004$450K534
2005$570K478
2006$630K376
2007$600K251
2008$485K168
2009$405K175
2010$385K187
2011$404K261
2012$410K278
2013$455K310
2014$475K328
2015$490K331

Assisted housing developments

Shimberg Center Assisted Housing Inventory.

DevelopmentAddressCityUnitsAssisted
Royal Coast9001 SW 156th StreetPalmetto Bay174174
Stein Gerontological Institute,inc8725 SW 152ND STPalmetto Bay54

Fiscal

Sep 2026
Half-cent sales tax, latest month$187KHalf-cent sales tax distributions by month, Oct 2016 to Sep 2026Oct 2016$260K highSep 2026
Half-cent sales tax, fiscal year to date$2.42MFY2026 to Sep 2026
Half-cent sales tax, last 12 months$2.42MSep 2026
Half-cent sales tax, change on the 12 months before-5.5%Sep 2026
State revenue sharing, latest month$53.7KSep 2026
State revenue sharing, fiscal year to date$662KFY2026 to Sep 2026
State revenue sharing, last 12 months$662KSep 2026
State revenue sharing, change on the 12 months before-0.6%Sep 2026

Florida Office of Economic and Demographic Research, Expenditures and Revenues Reported by Florida's County and Municipal Governments, retrieved 2026-10-01; Florida Department of Revenue, Revenue Confirmation Online, distributions to local governments, retrieved 2026-10-01; Florida Department of Financial Services, LOGERx local government Annual Financial Report data, long-term debt outstanding, retrieved 2026-10-04 | Distributions Annual financial report

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Total revenues$40.9MFY2024
Revenues, change on the year before+3.7%FY2024
Total expenditures$40.5MFY2024
Expenditures, change on the year before+49.0%FY2024
Revenues per resident$1.63KFY2024
Long-term debt outstanding at year end$9.49MFY2025
Long-term debt, change on the year before-2.9%FY2025

Half-cent sales tax, monthly distributions

As the Department of Revenue's ledger prints them; a blank month is a month with no line.

MonthDistributed
Sep 2026$187K
Aug 2026$194K
Jul 2026$199K
Jun 2026$204K
May 2026$225K
Apr 2026$193K
Mar 2026$209K
Feb 2026$239K
Jan 2026$200K
Dec 2025$193K
Nov 2025$193K
Oct 2025$180K
Sep 2025$206K
Aug 2025$204K
Jul 2025$213K
Jun 2025$220K
May 2025$235K
Apr 2025$216K
Mar 2025$202K
Feb 2025$248K
Jan 2025$217K
Dec 2024$203K
Nov 2024$198K
Oct 2024$196K
Sep 2024$195K
Aug 2024$194K
Jul 2024$217K
Jun 2024$223K
May 2024$239K
Apr 2024$218K
Mar 2024$214K
Feb 2024$250K
Jan 2024$217K
Dec 2023$211K
Nov 2023$208K
Oct 2023$204K

State revenue sharing, monthly distributions

As the Department of Revenue's ledger prints them; a blank month is a month with no line.

MonthDistributed
Sep 2026$53.7K
Aug 2026$53.7K
Jul 2026$53.7K
Jun 2026$55.1K
May 2026$55.1K
Apr 2026$55.1K
Mar 2026$55.1K
Feb 2026$55.1K
Jan 2026$55.1K
Dec 2025$56.6K
Nov 2025$56.6K
Oct 2025$56.6K
Sep 2025$57.2K
Aug 2025$57.2K
Jul 2025$57.2K
Jun 2025$54.4K
May 2025$54.4K
Apr 2025$54.4K
Mar 2025$54.4K
Feb 2025$54.4K
Jan 2025$54.4K
Dec 2024$54.4K
Nov 2024$56.4K
Oct 2024$56.4K
Sep 2024$56.4K
Aug 2024$56.4K
Jul 2024$56.4K
Jun 2024$57K
May 2024$57K
Apr 2024$57K
Mar 2024$57K
Feb 2024$57K
Jan 2024$57K
Dec 2023$57K
Nov 2023$57K
Oct 2023$57K

Long-term debt by fiscal year

Total long-term debt outstanding at fiscal year end, all funds, as the government reported it to the Department of Financial Services in its Annual Financial Report.

Fiscal yearDebt outstandingChange
FY2025$9.49M-2.9%
FY2024$9.78M-5.3%
FY2023$10.3M-10.8%
FY2022$11.6M-7.1%
FY2021$12.4M-10.2%
FY2020$13.9M-1.8%
FY2019$14.1M-4.2%
FY2018$14.7M-5.9%
FY2017$15.7M-5.6%
FY2016$16.6M-4.5%
FY2015$17.4M-4.3%
FY2014$18.2M-7.5%
FY2013$19.6Mn/a

Revenues by category, FY2024

Sum of the fund columns in EDR's workbook for this government.

CategoryFY2024FY2023Change
General Government Taxes$16.2M$15M+8.5%
Permits, Fees, and Special Assessments$6.25M$7.04M-11.2%
Intergovernmental Revenues$4.6M$12.5M-63.1%
Charges for Services$953K$1.09M-12.3%
Judgments, Fines, and Forfeits$407K$227K+78.8%
Miscellaneous Revenues$1.5M$1.03M+46.4%
Other Sources$10.9M$2.56M+326.3%
Taxesn/an/an/a
Intergovernmental Revenuen/an/an/a
Permits and Franchise Feesn/an/an/a

Expenditures by category, FY2024

Sum of the fund columns in EDR's workbook for this government.

CategoryFY2024FY2023Change
General Government Services (Not Court-Related)$7.61M$5.21M+46.1%
Public Safety$13M$12.5M+4.3%
Physical Environment$1.22M$1.07M+13.8%
Transportation$2.56M$2.95M-13.2%
Culture / Recreation$5.39M$3.56M+51.4%
Other Uses and Non-Operating$10.8M$1.95M+451.8%
Economic Environmentn/an/an/a
Other Usesn/an/an/a

Bank deposits

June 30, 2026
Deposits (offices reporting this city)$480MDeposits, June 30 each year, 2006 to 20262006$480M high2026
Change on a year earlier+1.1%June 30, 2026
Change, real-2.1%June 30, 2026
Branches3June 30, 2026
Institutions3June 30, 2026
Branches opened since the survey a year earlier0June 30, 2026
Branches closed since the survey a year earlier0June 30, 2026

FDIC Summary of Deposits, Florida offices, every June 30 since 1994, retrieved 2026-10-01 | Bank deposits

Offices whose reported city is Palmetto Bay.

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Offices, June 30, 2026

Deposits as each office reports them to the FDIC; the city is the one the bank reports, not a municipal boundary.

InstitutionBranchAddressCityDeposits
Wells Fargo Bank, National AssociationSouth Dade Branch14801 South Dixie HighwayPalmetto Bay$275M
TD Bank, National AssociationPalmetto Bay Branch14395 S Dixie HwyPalmetto Bay$140M
City National Bank of FloridaPalmetto Bay Branch16475 S Dixie HwyPalmetto Bay$63.8M

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