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The total population of Palmetto is estimated to be 13,384 with 6,468 males (48.33%) and 6,916 females (51.67%). There are 448 more females than males in Palmetto.
The median household income in Palmetto was $54,869 in 2021, which marked an an increase of 1,713(3.22%) from $53,156 in 2020. This income is 73.55% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Palmetto sees its highest median household income among householders in the age group of under 25 years old, at $73,507. Overall, the median household income for the city of Palmetto stands at $54,869.
In Palmetto, the median income for all workers aged 15 years and older, regardless of work hours, was $32,981 for males and $22,952 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $38,849 for males and $40,688 for females.
In Palmetto, there are just three different racial groups among households. Among these, White households report a median household income of $60,205, followed by Black or African American households at $31,237, and Two or More Races households with a median household income of $12,894.
In 2022, the population of Palmetto was 13,614, a 0.91% increase year-by-year from 2021. Previously, in 2021, Palmetto's population was 13,491, an increase of 1.22% compared to a population of 13,329 in 2020.
The median age in Palmetto, FL is 49.1, as per 2021 ACS 5-Year Estimates. Of the total population, 18.39% were under the age of 15, 16.06% aged 15 to 29, 39.10% aged 30 to 64, 23.38% aged 65 to 84, and 3.07% were 85 years of age and older.
Racial distribution of Palmetto population: 76.36% are White, 17.18% are Black or African American, 0.10% are American Indian and Alaska Native, 2.07% are Asian, 2.19% are some other race and 2.10% are multiracial.