Median Income
$55,584
household / year
Median Home Value
$219,700
owner-occupied
Median Rent
$1,222
gross / month
Cost of Living
104
national avg = 100

Is Palmetto, FL a Good Place to Live?

Palmetto is a small city of 13,384 in Florida, with a median household income of $55,584 and a 6.7% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Palmetto stands out for below-average home prices, solid school ratings (B-), short average commutes.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Palmetto is right for you depends on your priorities — the full breakdown is below.

All Palmetto city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 103.6

Palmetto's overall cost of living index is 103.6, where 100 represents the US national average. Living in Palmetto costs roughly 4% more than the average American city.

Metric Palmetto, FL National Avg
Median Home Value $219,700 $244,900
Median Monthly Rent $1,222 $1,163
Homeownership Rate 64.6% 65.9%
Median Household Income $55,584 $74,755

Crime & Safety

Near National Average

Palmetto's violent crime rate is 607.5 per 100,000 residents — 60% higher than the national average of ~380 per 100,000.

Violent Crime
607.5 /100k
Property Crime
1778.7 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Palmetto is served primarily by MANATEE. The student-to-teacher ratio is 17.4:1 (slightly above the national average of ~16:1).

Metric Palmetto, FL National Avg
School District MANATEE
Elementary Schools 44
Middle Schools 12
High Schools 13
Student/Teacher Ratio 17.4:1 16:1
Bachelor's Degree or Higher 27.3% 35.4%
High School Diploma or Higher 85.5% 91.1%

Weather & Climate

Palmetto sees average highs of 72.0°F in January and 92.0°F in July, with 56.3 inches of annual precipitation .

MetricPalmetto, FL
Average High — January72.0°F
Average High — July92.0°F
Annual Precipitation56.3"
Annual SnowfallTrace / None

Demographics

MetricPalmetto, FLNational Avg
Population13,384
Median Age50.038.9
Unemployment Rate6.7%3.7%
Avg Commute Time24.4 min26 min
White (non-Hispanic)73.8%59.3%
Black or African American15.3%13.6%
Hispanic or Latino7.8%18.9%
Asian1.9%6.3%
Under 1819.4%22.2%
65 and over28.0%16.8%

Nearby Cities

ZIP Codes in Palmetto

Palmetto, FL is covered by 1 ZIP code:

Palmetto vs Other Cities

Frequently Asked Questions

Palmetto's cost of living index is 104, where 100 is the national average. That puts Palmetto roughly 4% above the national average in cost. The median home price is $219,700 and median rent is $1,222/month.
Palmetto's violent crime rate is 607.5 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1778.7 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Palmetto are operated by MANATEE. The district has 44 elementary, 12 middle, and 13 high schools. The student-to-teacher ratio is 17.4:1. 27.3% of adults 25+ hold a bachelor's degree or higher.
Palmetto, FL has a population of 13,384, a median household income of $55,584, and an unemployment rate of 6.7%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Palmetto averages 72.0°F in January and 92.0°F in July. Annual rainfall is 56.3 inches . Based on NOAA 30-year climate normals (1991–2020).
Palmetto, FL is covered by 1 ZIP code: 34221.
The population of Palmetto, Florida is 13,384 with a median age of 50.0. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Palmetto: cost of living index 104 (100 = US average), median home $219,700, median household income $55,584, crime index 130 (100 = US average, lower is safer), schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Palmetto side by side with your current city to see the trade-offs.