How many renters in Palmetto, FL pay more than 30% of their income on rent?
58.2% (±17.2 points) of renting households in Palmetto, FL spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
48.0% spend 35% or more.
The median renting household spends 34.0% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 58.2% (±17.2 points)
- Paying 35% or more
- 48.0% (±13.0 points)
- Median share of income
- 34.0% (±10.4 points)
Rent as a share of income in Palmetto
| Share of income spent on rent | Palmetto | Manatee County | Florida | United States |
|---|---|---|---|---|
| Less than 15% | 13.0% (±7.6 points) | 8.1% | 8.1% | 12.6% |
| 15% to 19.9% | 8.4% (±6.3 points) | 8.9% | 9.3% | 12.2% |
| 20% to 24.9% | 12.3% (±7.5 points) | 10.7% | 11.3% | 12.6% |
| 25% to 29.9% | 8.1% (±4.7 points) | 11.7% | 11.3% | 11.5% |
| 30% to 34.9% | 10.2% (±11.2 points) | 9.6% | 9.8% | 9.2% |
| 35% or more | 48.0% (±13.0 points) | 51.0% | 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 against Manatee County, its state and the nation
| Palmetto | Manatee County | Florida | United States | |
|---|---|---|---|---|
| Paying 30% or more | 58.2% (±17.2 points) | 60.6% (±2.7 points) | 60.0% (±0.4 points) | 51.1% |
| Paying 35% or more | 48.0% (±13.0 points) | 51.0% (±2.4 points) | 50.2% (±0.4 points) | 41.9% |
| Median share of income | 34.0% (±10.4 points) | 35.6% (±1.5 points) | 35.2% (±0.3 points) | 30.6% |
| Median renter household income | $47,673 (±$19,807) | $54,830 (±$2,063) | $53,617 (±$353) | $52,966 |
| Median gross rent | $1,366 (±$112) | $1,671 (±$34) | $1,669 (±$5) | $1,413 |
In Palmetto, the share of renters paying 30% or more of income is not measurably different from Manatee County (60.6%).
It is not measurably different from Florida (60.0%).
It is not measurably different from the national figure (51.1%).
In Manatee County, Palmetto ranks 11 of 16 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 442 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
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Palmetto | — | 58.2% (±17.2 points) | — |
| Memphis | 1.8 mi | 65.2% (±22.2 points) | Not measurably different |
| Bradenton | 2.4 mi | 66.4% (±5.5 points) | Not measurably different |
| West Bradenton | 2.9 mi | 62.5% (±32.0 points) | Not measurably different |
| Ellenton | 3.0 mi | 48.0% (±31.0 points) | Not measurably different |
| Samoset | 3.9 mi | 68.6% (±28.1 points) | Not measurably different |
| West Samoset | 4.0 mi | 51.6% (±16.5 points) | Not measurably different |
| South Bradenton | 4.5 mi | 54.6% (±7.8 points) | Not measurably different |
| Bayshore Gardens | 6.4 mi | 71.9% (±8.8 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 Manatee County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 5 | Bradenton | 66.4% (±5.5 points) |
| 6 | Memphis | 65.2% (±22.2 points) |
| 7 | Lakewood Ranch | 64.5% (±9.9 points) |
| 8 | Whitfield | 63.3% (±41.1 points) |
| 9 | West Bradenton | 62.5% (±32.0 points) |
| 10 | Longboat Key | 59.3% (±24.9 points) |
| 11 | Palmetto | 58.2% (±17.2 points) |
| 12 | Bradenton Beach | 55.8% (±23.8 points) |
| 13 | South Bradenton | 54.6% (±7.8 points) |
| 14 | West Samoset | 51.6% (±16.5 points) |
| 15 | Ellenton | 48.0% (±31.0 points) |
| 16 | Cortez | 37.5% (±17.2 points) |
Showing 12 of 16 places in Manatee 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
Are renters in Palmetto rent-burdened?
58.2% of renting households in Palmetto 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 spend on rent?
The median renting household in Palmetto, FL spends 34.0% (±10.4 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palmetto city, Florida
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Palmetto city, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Palmetto city, 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 city, Florida (place:54250, 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 .
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