Apartments for rent in Palmetto, FL

Palmetto is a small city in Florida with just over 13,000 residents. Retirees should fit right in, as they make up 25% of the population compared to 14% nationally, while young professionals are less well-represented. Renters tend to be in the minority in Palmetto, and 72% of residents own their homes. Renting remains an affordable option, though, as the city boasts a relatively low average rent of $1,009 per month. Over the course of a year, renters in Palmetto will save around $1,700 compared to the state average.

Averaging about 26 minutes, the commute time for Palmetto residents outperforms the state average of about 29 minutes. Driving a car or truck is the typical means of commuting to work, selected by 37% of workers, while public transit is not widely used. Walking isn't a common method of commuting to work.

Compared to the national average, Palmetto has a large concentration of residents over the age of 25 who have earned a high school degree or GED (26%). Furthermore, 15% have earned a Bachelor's, Master's, Professional, or Doctoral degree. Many Palmetto residents work in one of two industries: healthcare and retail. Combined, these industries account for 14% of the city's workforce. Meanwhile, looking at job function, many of the city's workers are in sales, which ranks as the top field in the city. With an average annual income of just over $61K, Palmetto workers take home about $5,000 less than their peers elsewhere in the state. The city's average income also falls below the national average ($73,345).