Banyan Groves Demographics

Palmetto Bay, FL 33157
LISTINGSMARKET TRENDSDEMOGRAPHICS
Demographics

Age

41.6 ±1.8

Median age

about the same as the figure in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 42.3 ±0.2
a little less than the figure in Florida: 42.8 ±0.2
Housing

Units & Occupancy

8,718 ±357

Number of housing units

less than 10 percent of the figure in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: Infinity 2,698,630 (±Infinity /±1,416)
less than 10 percent of the figure in Florida: Infinity 10,451,823 (±Infinity /±503)

Value

$715,700 ±$21,400

Median value of owner-occupied housing units

about 1.5 times the amount in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: $474,000 ±$4,282
nearly double the amount in Florida: $381,000 ±$1,579

Geographical mobility

10% ±3.9% (2,402 ±937)

Moved since previous year

about three-quarters of the rate in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 13% 796,773 (±0.9% /±55,618)
about three-quarters of the rate in Florida: 13.6% 3,054,132 (±0.5% /±105,913)
Families

Households

24,192 ±68

Persons per household

less than 10 percent of the figure in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: Infinity 6,091,714 (±Infinity /±3,423)
less than 10 percent of the figure in Florida: Infinity 22,130,724

Fertility

5% ±3.4% (266 ±181)

Women 15-50 who gave birth during past year

about the same as the rate in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 4.9% 68,339 (±0.4% /±5,425)
about the same as the rate in Florida: 5.1% 250,538 (±0.2% /±9,935)
Economics

Income

$71,494 ±$6,713

Per capita income

more than 1.5 times the amount in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: $43,769 ±$564
more than 1.5 times the amount in Florida: $41,902 ±$290

$144,987 ±$11,070

Median household income

nearly double the amount in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: $76,271 ±$970
about double the amount in Florida: $73,311 ±$577

Poverty

5.2%

Persons below poverty line

about two-fifths of the rate in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 12.8% 779,844 (±0.5% /±28,795)
about two-fifths of the rate in Florida: 12.3% 2,729,519 (±0.3% /±62,129)

Transportation to work

N/A

Mean travel time to work

Social

Educational attainment

95.7%

High school grad or higher

about 10 percent higher than the rate in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 87.7% 3,930,950 (±3% /±135,776)
a little higher than the rate in Florida: 90.2% 14,820,362 (±1.6% /±270,016)

62.5% ±11.1% (10,264 ±1,829)

Bachelor's degree or higher

more than 1.5 times the rate in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 37.6% 1,686,028 (±1.4% /±60,544)
more than 1.5 times the rate in Florida: 34.9% 5,733,894 (±0.7% /±111,620)

Language

N/A

Persons with language other than English spoken at home

Place of birth

28.4% ±3.3% (6,881 ±807)

Foreign-born population

about two-thirds of the rate in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 42.7% 2,639,783 (±0.4% /±25,358)
about 1.3 times the rate in Florida: 22.1% 4,996,874 (±0.2% /±46,951)

Veteran status

4.1%

Population with veteran status

about 25 percent higher than the rate in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 3.3% 162,922 (±0.1% /±6,985)
about three-fifths of the rate in Florida: 7.3% 1,327,057 (±0.1% /±21,583)

742 Total veterans

690 Male

52 Female

Disclaimer: The demographic information presented on this site has been provided by the Census Reporter Team. We extend our gratitude for their exceptional contributions and efforts.