Cost of living in Palmetto Bay, Florida
Simple answer
Typical rent is $2,101 a month.
Palmetto Bay is a village in Florida. That rent number includes utilities. A typical household earns $142,447 a year.
- People
- 24,639
- Census average, 2020–2024
- Typical rent
- $2,101
- Median gross rent, includes utilities
- Typical pay
- $142,447
- Median household income, yearly
- Typical home
- $879,700
- Median home value
- 2-bedroom fair rent
- $2,564
- Miami-Miami Beach-Kendall, FL HUD Metro FMR Area
Palmetto Bay, Florida has about 24,639 people. That count is a 2020–2024 Census average, not a headcount from one day.
A typical home is worth about $879,700.
HUD's fair-market rent for a 2-bedroom in Miami-Dade County is $2,564 a month. That is the county number, not an apartment listing in Palmetto Bay. It runs from October 2026 through September 2027.
In the Miami-Fort Lauderdale-West Palm Beach, FL metro area, prices sit at 114.2 when the U.S. average is 100. That is a 2024 BEA index.
Florida does not tax wages. A typical combined sales tax is 7.0% as of January 1, 2026. That mix is statewide, not Palmetto Bay's exact store tax.
In July 2026, a typical Florida home paid 15.03¢ per kilowatt-hour. That is a state average from EIA, not Palmetto Bay's bill.
In 2025, all-grades gas in Florida averaged $3.06 a gallon. EIA prints this yearly price for only some states.
Among 730 places we list in Florida with a rent figure, 115 have higher typical rent than Palmetto Bay.
Nearby places
- Palmetto Estates
Typical rent $1,948
Compare with Palmetto Bay - West Perrine
Typical rent $1,488
Compare with Palmetto Bay - Pinecrest
Typical rent $1,946
Compare with Palmetto Bay - Cutler Bay
Typical rent $1,978
Compare with Palmetto Bay - Richmond Heights
Typical rent $1,801
Compare with Palmetto Bay - Kendall
Typical rent $1,905
Compare with Palmetto Bay - South Miami Heights
Typical rent $1,605
- Three Lakes
Typical rent $2,361
EBT nearby
USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.
Locator page updated 2026-09-11. Last checked 2026-10-16.
Food stamps (SNAP) tools in Florida
Bigger places in Florida
Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.