The town of Palm Valley, Florida is home to just over 21,000 residents. It's a nice place to settle down, as retirees make up a greater percentage of the population (22%) here than they do nationally (14%), while young adults appear in smaller numbers. Renters tend to be in the minority in the city, and 76% of residents own their homes. The average rent for Palm Valley is $243 per month more than the state average.
With an average commute time of about 25 minutes, quicker than most cities in Florida, Palm Valley residents know that it isn't overly time-consuming to travel to work. Many residents (41%) commute to work by car, while public transit isn't used. Relatively few workers commute on foot.
Palm Valley has a large percentage of residents older than 25 who have advanced degrees compared to the national average (7%), as 13% have earned a Master's degree or a Doctorate. Further, 27% have a Bachelor's degree, which also outpaces the national average. There are five primary industries in Palm Valley: healthcare, entertainment, finance, retail, and scientific. Together, these industries make up 29% of the city's labor force. Meanwhile, looking at job function, many residents work in management, as 13% of the city's population reports this as their field of work, the highest number of any career path. With an average annual income of just under $109,000, Palm Valley workers bring in around $42,000 more than the average Florida resident. Palm Valley's average income also compares favorably to the national average of $73,345.
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