How many renters in Palmetto Bay, FL pay more than 30% of their income on rent?
68.9% (±12.1 points) of renting households in Palmetto Bay, FL spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
62.5% spend 35% or more.
The median renting household spends 41.3% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 68.9% (±12.1 points)
- Paying 35% or more
- 62.5% (±11.3 points)
- Median share of income
- 41.3% (±6.6 points)
Rent as a share of income in Palmetto Bay
| Share of income spent on rent | Palmetto Bay | Miami-Dade County | Florida | United States |
|---|---|---|---|---|
| Less than 15% | 6.0% (±3.6 points) | 6.7% | 8.1% | 12.6% |
| 15% to 19.9% | 3.7% (±3.1 points) | 8.2% | 9.3% | 12.2% |
| 20% to 24.9% | 12.4% (±7.3 points) | 10.0% | 11.3% | 12.6% |
| 25% to 29.9% | 9.1% (±6.0 points) | 10.7% | 11.3% | 11.5% |
| 30% to 34.9% | 6.4% (±4.2 points) | 9.5% | 9.8% | 9.2% |
| 35% or more | 62.5% (±11.3 points) | 55.0% | 50.2% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Palmetto Bay against Miami-Dade County, its state and the nation
| Palmetto Bay | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Paying 30% or more | 68.9% (±12.1 points) | 64.5% (±0.9 points) | 60.0% (±0.4 points) | 51.1% |
| Paying 35% or more | 62.5% (±11.3 points) | 55.0% (±0.8 points) | 50.2% (±0.4 points) | 41.9% |
| Median share of income | 41.3% (±6.6 points) | 38.2% (±0.6 points) | 35.2% (±0.3 points) | 30.6% |
| Median renter household income | $66,471 (±$23,000) | $53,660 (±$1,055) | $53,617 (±$353) | $52,966 |
| Median gross rent | $2,101 (±$274) | $1,829 (±$10) | $1,669 (±$5) | $1,413 |
In Palmetto Bay, the share of renters paying 30% or more of income is not measurably different from Miami-Dade County (64.5%).
It is not measurably different from Florida (60.0%).
It is higher than the national figure (51.1%).
In Miami-Dade County, Palmetto Bay ranks 25 of 67 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 186 of 843.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Palmetto Bay
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Palmetto Bay | — | 68.9% (±12.1 points) | — |
| Palmetto Estates | 2.6 mi | 69.9% (±16.3 points) | Not measurably different |
| West Perrine | 3.0 mi | 58.3% (±12.9 points) | Not measurably different |
| Pinecrest | 3.1 mi | 59.9% (±13.7 points) | Not measurably different |
| Cutler Bay | 3.3 mi | 63.7% (±10.3 points) | Not measurably different |
| Richmond Heights | 3.4 mi | 89.8% (±35.0 points) | Not measurably different |
| Kendall | 4.0 mi | 60.7% (±5.7 points) | Not measurably different |
| South Miami Heights | 4.8 mi | 63.4% (±8.2 points) | Not measurably different |
| Three Lakes | 5.3 mi | 75.2% (±11.8 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Miami-Dade County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 19 | West Miami | 71.2% (±14.4 points) |
| 20 | North Miami | 70.2% (±4.1 points) |
| 21 | Palmetto Estates | 69.9% (±16.3 points) |
| 22 | Medley | 69.8% (±31.6 points) |
| 23 | The Hammocks | 69.5% (±6.0 points) |
| 24 (tie) | Aventura | 68.9% (±7.0 points) |
| 24 (tie) | Palmetto Bay | 68.9% (±12.1 points) |
| 26 | Goulds | 68.8% (±21.0 points) |
| 27 | Olympia Heights | 68.5% (±18.5 points) |
| 28 | Doral | 68.3% (±3.7 points) |
| 29 | Leisure City | 68.2% (±8.9 points) |
| 30 | Kendale Lakes | 68.1% (±8.1 points) |
| 31 | Miami Gardens | 68.0% (±6.1 points) |
Showing 13 of 67 places in Miami-Dade County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Palmetto Bay
Are renters in Palmetto Bay rent-burdened?
68.9% of renting households in Palmetto Bay pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Palmetto Bay spend on rent?
The median renting household in Palmetto Bay, FL spends 41.3% (±6.6 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palmetto Bay village, Florida
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Palmetto Bay village, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Palmetto Bay village, Florida
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Palmetto Bay village, Florida (place:54275, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Fair Market Rent in Palmetto Bay
- Florida landlord and tenant rules
- Housing across Miami-Dade County
- Florida places ranked by rent burden
- Housing data for every place in Florida