Lakewood Ranch vs Palmetto

A side-by-side comparison of Lakewood Ranch and Palmetto: population, income, housing, and more.

Lakewood Ranch and Palmetto are places in Florida. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Lakewood Ranch has the higher population (39,434 vs 13,449 in Palmetto). Lakewood Ranch has the higher median household income ($123,471 vs $61,538 in Palmetto). Lakewood Ranch has the higher median home value ($626,500 vs $256,700 in Palmetto).

Population, income & housing

	Lakewood Ranch	Palmetto
Population	39,434	13,449
Median age	52.5 yrs	52.8 yrs
Median household income	$123,471	$61,538
Median home value	$626,500	$256,700
Median gross rent	$2,213	$1,286
Housing units	18,365	7,222
Homeownership rate	81.8%	67.9%
Bachelor's degree or higher	59.1%	30.2%
Unemployment rate	3.2%	3.6%

Trends (ACS 5-year, 2019–2023)

	Lakewood Ranch	Palmetto
Population	26,513 → 39,434 (+48.7%)	13,611 → 13,449 (-1.2%)
Median household income	$111,645 → $123,471 (+10.6%)	$48,301 → $61,538 (+27.4%)
Median home value	$456,600 → $626,500 (+37.2%)	$156,700 → $256,700 (+63.8%)
Median gross rent	$1,856 → $2,213 (+19.2%)	$938 → $1,286 (+37.1%)

Lakewood Ranch

Population

26,51339,434

Median household income

$111,645$123,471

Median home value

$456,600$626,500

Median gross rent

$1,856$2,213

Palmetto

Population

13,61113,449

Median household income

$48,301$61,538

Median home value

$156,700$256,700

Median gross rent

$938$1,286

Age & race/ethnicity

Age distribution (share)

	Lakewood Ranch	Palmetto
Under 5	4.2%	5.0%
5 to 17	13.3%	12.7%
18 to 24	7.3%	6.0%
25 to 34	5.9%	8.9%
35 to 44	11.5%	9.4%
45 to 54	11.2%	10.7%
55 to 64	15.1%	17.8%
65 to 74	19.0%	15.3%
75 and over	12.3%	14.2%

Race & ethnicity (share)

	Lakewood Ranch	Palmetto
White (non-Hispanic)	81.5%	63.8%
Black or African American	2.2%	13.0%
American Indian & Alaska Native	0.3%	0.0%
Asian	3.0%	0.6%
Native Hawaiian & Pacific Islander	0.0%	0.5%
Some other race	0.1%	0.2%
Two or more races	4.6%	1.3%
Hispanic or Latino	8.2%	20.6%

Educational attainment (age 25+)

Share of adults 25+

	Lakewood Ranch	Palmetto
No high school diploma	1.9%	11.0%
High school graduate	12.5%	30.7%
Some college or associate's	26.5%	28.2%
Bachelor's degree	31.9%	21.8%
Graduate or professional degree	27.2%	8.4%

Commute to work

How workers get to work (share)

	Lakewood Ranch	Palmetto
Drove alone	60.4%	70.5%
Carpooled	5.9%	13.4%
Public transit	0.0%	0.2%
Walked	1.4%	2.9%
Bicycle	0.2%	0.0%
Worked from home	30.7%	12.7%
Other means	1.4%	0.2%

Housing

Units in structure (share)

	Lakewood Ranch	Palmetto
1-unit, detached	71.3%	37.0%
1-unit, attached	7.3%	5.6%
2 to 4 units	2.3%	3.1%
5 to 19 units	9.7%	5.5%
20 or more units	8.9%	18.7%
Mobile home & other	0.4%	30.0%

Poverty & households

	Lakewood Ranch	Palmetto
Poverty rate	7.7%	14.1%
Average household size	2.57	2.49
Mean commute (minutes)	27	24
Median year structure built	2012	1980