Palmetto Bay, FL Employment - Median Household Income, Unemployment Rate

Palmetto Bay employment information

Index	Palmetto Bay	Florida	National
Income per capita	$44,896	$27,598	$29,829
Median household income	$105,316	$48,900	$55,322
Median income owner occupied	$115,647	$59,209	$70,586
Median income renter occupied	$31,835	$34,622	$35,192
Median earnings male	$60,054	$31,444	$36,919
Median earnings female	$34,194	$25,332	$26,250
Unemployment rate	4.4%	4.9%	4.7%
Poverty level	7.2%	16.1%	15.1%

The Palmetto Bay, FL employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Palmetto Bay is $44,896, which is 63% higher than than the Florida average and 51% higher than than the national average. The median household income is $105,316, which is 115% higher than than the Florida average and 90% higher than than the national average. The unemployment rate in Palmetto Bay is 4%, which is 6% lower than than the national average. The poverty rate in Palmetto Bay is 7% which is 53% lower than than the national average.

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am i middle class

$70,203$105,316$210,632

City

$32,596$48,900$97,800

State

$36,877$55,322$110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

The income per capita in Palmetto Bay is 51% higher than the national average.
The median household income in Palmetto Bay is 90% higher than the national average.
Male median earnings are 41% higher than female median earnings.
The unemployment rate in Palmetto Bay is 6% lower than the national average.
The poverty level in Palmetto Bay is 53% lower than the national average.

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Compare Palmetto Bay, FL Employment To Other Cities

Employment status

Hours worked per week

Palmetto Bay median earnings by income bracket

Palmetto Bay employment by industry

Labour Type	Male	Female
Construction industry	7.9%	1.7%
Manufacturing sector	5.7%	0.2%
Financial & insurance services	7.9%	6.7%
Wholesale & retail services	18.2%	12.9%
Public administration	7.4%	3.3%
Transportation, warehousing & utilities	5.6%	2.7%
Education, health & social services	13.5%	37.5%
Other	31.5%	32.4%

Nearby cities with high median household income

City, State	Population	Household Income	National Avg.
Pinecrest, FL	19,272	$130,900	137%
Key Biscayne, FL	12,935	$124,504	125%
Coral Gables, FL	50,533	$91,452	65%
Country Walk, FL	16,975	$74,806	35%
Doral, FL	53,426	$74,174	34%
Palmetto Bay, FL	24,522	$105,316	90%

Cities with similar population

City, State	Population	Household Income	National Avg.
Seal Beach, CA	24,510	$60,222	9%
De Pere, WI	24,544	$64,253	16%
Northport, AL	24,544	$52,281	5%
Loves Park, IL	24,499	$50,284	9%
West Puente Valley, CA	24,476	$66,532	20%
Palmetto Bay, FL	24,522	$105,316	90%

Source: The Palmetto Bay, FL employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).