The median household income in Palmetto, FL in 2022 was $56,146, which was 23.4% less than the median annual income of $69,303 across the entire state of Florida. Compared to the median income of $34,093 in 2000 this represents an increase of 39.3%. The per capita income in 2022 was $35,477, which means an increase of 50.0% compared to 2000 when it was $17,724.
Whole page based on the data from 2000 / 2022 when the population of Palmetto, Florida was 12,571 / 14,179
Income statistics for all residents
Median household income in Palmetto, FL in 2022:
Palmetto:
$56,147
State:
$69,303
Change in median household income between 2000 and 2022:
Palmetto, Florida:
+64.7%
Florida:
+78.5%
Number of households with income < $10k:
Palmetto:
4.1% (220)
State:
5.6% (495,572)
Number of households with income $10k - 20k:
Palmetto:
10.2% (550)
State:
6.9% (612,816)
Number of households with income $20k - 30k:
Palmetto:
8.8% (476)
State:
7.7% (679,608)
Number of households with income $30k - 40k:
Palmetto:
11.6% (626)
Florida:
8.0% (710,126)
Number of households with income $40k - 50k:
Palmetto:
7.1% (384)
Florida:
7.8% (687,940)
Number of households with income $50k - 60k:
Palmetto:
12.8% (694)
State:
7.6% (675,076)
Number of households with income $60k - 75k:
Palmetto:
7.2% (391)
Florida:
9.7% (858,354)
Number of households with income $75k - 100k:
Palmetto:
10.0% (541)
Florida:
13.4% (1,181,540)
Number of households with income $100k - 125k:
Palmetto:
6.6% (356)
State:
9.6% (851,620)
Number of households with income $125k - 150k:
Palmetto:
7.7% (416)
State:
6.4% (560,854)
Number of households with income $150k - 200k:
Palmetto:
3.6% (192)
State:
7.7% (677,227)
Number of households with income > $200k:
Palmetto:
10.3% (556)
State:
9.5% (835,661)
Aggregate household income in Palmetto in 2022: $471,656,215
Median family income in Palmetto in 2022:
Palmetto:
$70,726
Florida:
$83,410
Number of families with income < $10k:
Palmetto:
1.7% (64)
State:
3.5% (196,709)
Number of families with income $10k - 20k:
Palmetto:
4.0% (147)
State:
3.9% (220,255)
Number of families with income $20k - 30k:
Palmetto:
8.8% (320)
State:
5.8% (332,003)
Number of families with income $30k - 40k:
Palmetto:
12.1% (442)
State:
6.9% (391,565)
Number of families with income $40k - 50k:
Palmetto:
6.0% (220)
State:
7.2% (407,691)
Number of families with income $50k - 60k:
Palmetto:
11.9% (433)
State:
7.3% (415,240)
Number of families with income $60k - 75k:
Palmetto:
5.4% (195)
Florida:
10.2% (580,095)
Number of families with income $75k - 100k:
Palmetto:
15.2% (552)
State:
14.6% (830,079)
Number of families with income $100k - 125k:
Palmetto:
7.2% (261)
State:
11.3% (640,676)
Number of families with income $125k - 150k:
Palmetto:
9.5% (347)
State:
7.8% (442,580)
Number of families with income $150k - 200k:
Palmetto:
5.4% (197)
Florida:
9.4% (536,171)
Number of families with income > $200k:
Palmetto:
12.8% (466)
Florida:
12.2% (691,335)
Median non-family income in Palmetto in 2022:
Palmetto:
$33,866
State:
$43,665
Change in median non-family income between 2000 and 2022:
Palmetto, Florida:
+59.9%
State:
+76.1%
Median per capita income in Palmetto in 2022:
Palmetto:
$35,478
State:
$40,278
Change in median per capita income between 2000 and 2022:
Palmetto, Florida:
+100.2%
State:
+86.8%
Income statistics for White residents
Median household income in Palmetto, FL in 2022:
Palmetto:
$66,680
State:
$74,559
Change in median household income between 2000 and 2022:
Palmetto, Florida:
+84.3%
State:
+82.7%
Number of households with income < $10k:
Palmetto:
3.5% (149)
State:
4.9% (270,741)
Number of households with income $10k - 20k:
Palmetto:
8.7% (369)
Florida:
6.1% (337,688)
Number of households with income $20k - 30k:
Palmetto:
6.0% (256)
State:
7.2% (395,954)
Number of households with income $30k - 40k:
Palmetto:
10.9% (465)
Florida:
7.5% (411,553)
Number of households with income $40k - 50k:
Palmetto:
7.2% (308)
State:
7.5% (410,613)
Number of households with income $50k - 60k:
Palmetto:
10.7% (456)
State:
7.6% (416,709)
Number of households with income $60k - 75k:
Palmetto:
8.2% (350)
State:
9.5% (523,639)
Number of households with income $75k - 100k:
Palmetto:
11.5% (491)
Florida:
13.3% (732,030)
Number of households with income $100k - 125k:
Palmetto:
7.5% (319)
State:
10.2% (559,463)
Number of households with income $125k - 150k:
Palmetto:
9.4% (402)
State:
6.9% (379,323)
Number of households with income $150k - 200k:
Palmetto:
3.7% (159)
Florida:
8.3% (456,076)
Number of households with income > $200k:
Palmetto:
12.6% (535)
State:
11.1% (610,258)
Aggregate household income in Palmetto in 2022: $419,970,284
Median family income in Palmetto in 2022:
Palmetto:
$91,885
Florida:
$93,222
Number of families with income < $10k:
Palmetto:
1.9% (52)
State:
2.6% (89,721)
Number of families with income $10k - 20k:
Palmetto:
2.9% (80)
State:
3.0% (101,720)
Number of families with income $20k - 30k:
Palmetto:
3.8% (105)
Florida:
4.5% (154,795)
Number of families with income $30k - 40k:
Palmetto:
7.1% (197)
Florida:
5.7% (194,218)
Number of families with income $40k - 50k:
Palmetto:
6.5% (178)
Florida:
6.4% (219,550)
Number of families with income $50k - 60k:
Palmetto:
9.9% (274)
Florida:
7.0% (238,045)
Number of families with income $60k - 75k:
Palmetto:
6.0% (166)
State:
9.6% (328,141)
Number of families with income $75k - 100k:
Palmetto:
17.5% (483)
State:
14.8% (503,988)
Number of families with income $100k - 125k:
Palmetto:
9.2% (255)
Florida:
12.0% (409,184)
Number of families with income $125k - 150k:
Palmetto:
12.7% (351)
State:
8.8% (298,895)
Number of families with income $150k - 200k:
Palmetto:
5.9% (162)
State:
10.6% (359,290)
Number of families with income > $200k:
Palmetto:
16.5% (453)
State:
14.9% (507,279)
Median non-family income in Palmetto in 2022:
Palmetto:
$38,574
State:
$46,674
Change in median non-family income between 2000 and 2022:
Palmetto, Florida:
+76.3%
Florida:
+81.2%
Median per capita income in Palmetto in 2022:
Palmetto:
$43,755
State:
$48,094
Change in median per capita income between 2000 and 2022:
Palmetto, Florida:
+122.8%
State:
+101.1%
Income statistics for Black or African American residents
Median household income in Palmetto, FL in 2022:
Palmetto:
$49,988
State:
$52,796
Change in median household income between 2000 and 2022:
Palmetto, Florida:
+144.0%
Florida:
+88.3%
Number of households with income < $10k:
Palmetto:
7.2% (37)
State:
8.6% (101,054)
Number of households with income $10k - 20k:
Palmetto:
9.6% (49)
Florida:
9.3% (110,079)
Number of households with income $20k - 30k:
Palmetto:
9.4% (48)
State:
10.4% (122,525)
Number of households with income $30k - 40k:
Palmetto:
20.3% (104)
State:
10.6% (124,619)
Number of households with income $40k - 50k:
Palmetto:
14.5% (74)
State:
8.7% (102,300)
Number of households with income $50k - 60k:
Palmetto:
33.4% (171)
Florida:
8.1% (95,745)
Number of households with income $60k - 75k:
Palmetto:
5.7% (29)
State:
10.1% (118,757)
Number of households with income $75k - 100k:
Palmetto:
0.0% (0)
State:
12.3% (144,919)
Number of households with income $100k - 125k:
Palmetto:
0.0% (0)
State:
8.1% (95,395)
Number of households with income $125k - 150k:
Palmetto:
0.0% (0)
Florida:
4.5% (53,276)
Number of households with income $150k - 200k:
Palmetto:
0.0% (0)
Florida:
5.4% (63,827)
Number of households with income > $200k:
Palmetto:
0.0% (0)
State:
3.9% (45,695)
Aggregate household income in Palmetto in 2022: $20,631,597
Median family income in Palmetto in 2022:
Palmetto:
$31,334
Florida:
$62,875
Number of families with income $10k - 20k:
Palmetto:
1.6% (6)
Florida:
6.1% (45,591)
Number of families with income $20k - 30k:
Palmetto:
15.5% (57)
State:
9.2% (69,363)
Number of families with income $30k - 40k:
Palmetto:
33.1% (122)
State:
10.1% (75,779)
Number of families with income $40k - 50k:
Palmetto:
14.8% (54)
State:
8.4% (63,129)
Number of families with income $50k - 60k:
Palmetto:
29.4% (108)
State:
7.6% (56,971)
Number of families with income $60k - 75k:
Palmetto:
5.7% (21)
Florida:
11.5% (86,172)
Median per capita income in Palmetto in 2022:
Palmetto:
$14,157
State:
$26,700
Change in median per capita income between 2000 and 2022:: -2.7%
Palmetto, Florida:
-2.7%
Florida:
+112.2%
Income statistics for Asian residents
Number of households with income < $10k:
Palmetto:
0.0% (0)
Florida:
4.8% (10,378)
Number of households with income $10k - 20k:
Palmetto:
0.0% (0)
Florida:
5.7% (12,222)
Number of households with income $20k - 30k:
Palmetto:
0.0% (0)
State:
5.9% (12,739)
Number of households with income $30k - 40k:
Palmetto:
0.0% (0)
State:
5.9% (12,759)
Number of households with income $40k - 50k:
Palmetto:
50.0% (15)
State:
5.6% (12,009)
Number of households with income $50k - 60k:
Palmetto:
0.0% (0)
Florida:
6.5% (14,158)
Number of households with income $60k - 75k:
Palmetto:
0.0% (0)
Florida:
7.7% (16,568)
Number of households with income $75k - 100k:
Palmetto:
0.0% (0)
State:
12.6% (27,273)
Number of households with income $100k - 125k:
Palmetto:
50.0% (15)
State:
10.1% (21,821)
Number of households with income $125k - 150k:
Palmetto:
0.0% (0)
State:
8.2% (17,650)
Number of households with income $150k - 200k:
Palmetto:
0.0% (0)
State:
11.2% (24,296)
Number of households with income > $200k:
Palmetto:
0.0% (0)
State:
15.9% (34,363)
Aggregate household income in Palmetto in 2022: $15,557,530
Median per capita income in Palmetto in 2022:
Palmetto:
$17,298
State:
$46,365
Income statistics for Hispanic or Latino residents
Number of households with income < $10k:
Palmetto:
0.0% (0)
Florida:
5.9% (120,841)
Number of households with income $10k - 20k:
Palmetto:
21.3% (200)
State:
7.8% (158,824)
Number of households with income $20k - 30k:
Palmetto:
21.5% (201)
Florida:
7.8% (158,797)
Number of households with income $30k - 40k:
Palmetto:
5.8% (54)
Florida:
8.4% (171,736)
Number of households with income $40k - 50k:
Palmetto:
2.7% (25)
State:
8.5% (174,397)
Number of households with income $50k - 60k:
Palmetto:
7.9% (74)
State:
7.9% (160,816)
Number of households with income $60k - 75k:
Palmetto:
3.9% (37)
Florida:
10.6% (215,567)
Number of households with income $75k - 100k:
Palmetto:
19.6% (184)
Florida:
14.1% (288,590)
Number of households with income $100k - 125k:
Palmetto:
0.9% (8)
Florida:
9.4% (192,146)
Number of households with income $125k - 150k:
Palmetto:
9.8% (92)
Florida:
5.7% (115,883)
Number of households with income $150k - 200k:
Palmetto:
3.3% (31)
Florida:
6.8% (139,384)
Number of households with income > $200k:
Palmetto:
3.3% (31)
State:
7.0% (143,116)
Aggregate household income in Palmetto in 2022: $58,263,683
Median family income in Palmetto in 2022:
Palmetto:
$53,384
State:
$70,631
Number of families with income $10k - 20k:
Palmetto:
12.4% (99)
State:
4.8% (70,980)
Number of families with income $20k - 30k:
Palmetto:
21.3% (171)
Florida:
7.7% (112,768)
Number of families with income $30k - 40k:
Palmetto:
4.7% (38)
State:
8.3% (121,408)
Number of families with income $40k - 50k:
Palmetto:
1.2% (9)
Florida:
8.6% (127,058)
Number of families with income $50k - 60k:
Palmetto:
16.0% (128)
State:
8.2% (121,066)
Number of families with income $75k - 100k:
Palmetto:
32.1% (257)
State:
14.5% (213,504)
Number of families with income $125k - 150k:
Palmetto:
3.9% (32)
Florida:
6.4% (93,499)
Number of families with income $150k - 200k:
Palmetto:
4.5% (36)
State:
7.5% (109,536)
Number of families with income > $200k:
Palmetto:
3.8% (30)
State:
8.1% (118,912)
Median per capita income in Palmetto in 2022:
Palmetto:
$21,481
State:
$30,491
Change in median per capita income between 2000 and 2022:
Palmetto, Florida:
+106.7%
Florida:
+100.6%
Income statistics for American Indian and Alaska Native residents
Aggregate household income in Palmetto in 2022: $484,797
Median per capita income in Palmetto in 2022:
Palmetto:
$14,725
State:
$25,874
Income statistics for Multirace residents
Median household income in Palmetto, FL in 2022:
Palmetto:
$11,263
Florida:
$66,563
Change in median household income between 2000 and 2022:: -59.0%
Palmetto, Florida:
-59.0%
State:
+110.9%
Number of households with income < $10k:
Palmetto:
9.7% (18)
State:
5.8% (83,509)
Number of households with income $10k - 20k:
Palmetto:
73.5% (136)
State:
8.3% (119,018)
Number of households with income $20k - 30k:
Palmetto:
7.6% (14)
State:
7.6% (108,964)
Number of households with income $30k - 40k:
Palmetto:
0.0% (0)
Florida:
7.8% (112,273)
Number of households with income $40k - 50k:
Palmetto:
0.0% (0)
Florida:
8.1% (116,736)
Number of households with income $50k - 60k:
Palmetto:
0.0% (0)
Florida:
7.5% (108,182)
Number of households with income $60k - 75k:
Palmetto:
0.0% (0)
State:
10.0% (142,830)
Number of households with income $75k - 100k:
Palmetto:
0.0% (0)
State:
14.3% (205,066)
Number of households with income $100k - 125k:
Palmetto:
0.0% (0)
State:
9.1% (130,357)
Number of households with income $125k - 150k:
Palmetto:
9.2% (17)
State:
5.8% (83,865)
Number of households with income $150k - 200k:
Palmetto:
0.0% (0)
Florida:
7.2% (103,107)
Number of households with income > $200k:
Palmetto:
0.0% (0)
State:
8.4% (120,637)
Aggregate household income in Palmetto in 2022: $4,319,016
Median family income in Palmetto in 2022:
Palmetto:
$12,700
Florida:
$74,522
Number of families with income $10k - 20k:
Palmetto:
82.9% (84)
State:
4.8% (48,964)
Number of families with income $20k - 30k:
Palmetto:
3.4% (3)
State:
7.2% (73,049)
Number of families with income $125k - 150k:
Palmetto:
13.7% (14)
State:
6.5% (65,923)
Median per capita income in Palmetto in 2022:
Palmetto:
$21,390
Florida:
$31,893
Change in median per capita income between 2000 and 2022:
Palmetto, Florida:
+115.3%
State:
+136.0%
Income statistics for other residents
Number of households with income < $10k:
Palmetto:
0.0% (0)
State:
6.1% (28,059)
Number of households with income $10k - 20k:
Palmetto:
0.0% (0)
State:
7.0% (32,348)
Number of households with income $20k - 30k:
Palmetto:
57.3% (172)
State:
8.0% (36,819)
Number of households with income $30k - 40k:
Palmetto:
0.0% (0)
Florida:
10.2% (47,209)
Number of households with income $40k - 50k:
Palmetto:
4.0% (12)
State:
9.3% (43,006)
Number of households with income $50k - 60k:
Palmetto:
0.0% (0)
Florida:
8.2% (38,018)
Number of households with income $60k - 75k:
Palmetto:
0.0% (0)
State:
11.4% (52,577)
Number of households with income $75k - 100k:
Palmetto:
7.3% (22)
State:
14.6% (67,588)
Number of households with income $100k - 125k:
Palmetto:
5.3% (16)
Florida:
9.0% (41,737)
Number of households with income $125k - 150k:
Palmetto:
0.0% (0)
State:
5.4% (24,841)
Number of households with income $150k - 200k:
Palmetto:
14.7% (44)
Florida:
5.9% (27,334)
Number of households with income > $200k:
Palmetto:
11.3% (34)
Florida:
5.0% (22,928)
Aggregate household income in Palmetto in 2022: $14,057,218
Median family income in Palmetto in 2022:
Palmetto:
$21,540
State:
$63,742
Number of families with income $20k - 30k:
Palmetto:
64.1% (189)
State:
7.7% (26,250)
Number of families with income $40k - 50k:
Palmetto:
4.1% (12)
State:
9.5% (32,195)
Number of families with income $50k - 60k:
Palmetto:
6.4% (19)
Florida:
8.6% (29,110)
Number of families with income $150k - 200k:
Palmetto:
14.6% (43)
State:
5.9% (20,086)
Number of families with income > $200k:
Palmetto:
10.8% (32)
State:
5.1% (17,418)
Median per capita income in Palmetto in 2022:
Palmetto:
$17,151
State:
$27,276
Change in median per capita income between 2000 and 2022:
Palmetto, Florida:
+86.9%
State:
+138.6%
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