Memphis vs Palmetto

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

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

Palmetto has the higher population (13,449 vs 10,626 in Memphis). Memphis has the higher median household income ($71,967 vs $61,538 in Palmetto). Memphis has the higher median home value ($292,200 vs $256,700 in Palmetto).

Population, income & housing

	Memphis	Palmetto
Population	10,626	13,449
Median age	35.8 yrs	52.8 yrs
Median household income	$71,967	$61,538
Median home value	$292,200	$256,700
Median gross rent	$1,155	$1,286
Housing units	4,028	7,222
Homeownership rate	72.2%	67.9%
Bachelor's degree or higher	20.4%	30.2%
Unemployment rate	7.8%	3.6%

Trends (ACS 5-year, 2019–2023)

	Memphis	Palmetto
Population	9,647 → 10,626 (+10.1%)	13,611 → 13,449 (-1.2%)
Median household income	$48,393 → $71,967 (+48.7%)	$48,301 → $61,538 (+27.4%)
Median home value	$157,000 → $292,200 (+86.1%)	$156,700 → $256,700 (+63.8%)
Median gross rent	$1,032 → $1,155 (+11.9%)	$938 → $1,286 (+37.1%)

Memphis

Population

9,64710,626

Median household income

$48,393$71,967

Median home value

$157,000$292,200

Median gross rent

$1,032$1,155

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)

	Memphis	Palmetto
Under 5	4.5%	5.0%
5 to 17	22.0%	12.7%
18 to 24	8.0%	6.0%
25 to 34	12.0%	8.9%
35 to 44	19.0%	9.4%
45 to 54	6.9%	10.7%
55 to 64	12.8%	17.8%
65 to 74	8.2%	15.3%
75 and over	6.5%	14.2%

Race & ethnicity (share)

	Memphis	Palmetto
White (non-Hispanic)	31.4%	63.8%
Black or African American	29.0%	13.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.9%	0.6%
Native Hawaiian & Pacific Islander	0.0%	0.5%
Some other race	0.0%	0.2%
Two or more races	3.3%	1.3%
Hispanic or Latino	35.4%	20.6%

Educational attainment (age 25+)

Share of adults 25+

	Memphis	Palmetto
No high school diploma	11.9%	11.0%
High school graduate	42.5%	30.7%
Some college or associate's	25.2%	28.2%
Bachelor's degree	11.9%	21.8%
Graduate or professional degree	8.5%	8.4%

Commute to work

How workers get to work (share)

	Memphis	Palmetto
Drove alone	81.0%	70.5%
Carpooled	12.3%	13.4%
Public transit	0.0%	0.2%
Walked	0.8%	2.9%
Bicycle	0.3%	0.0%
Worked from home	4.7%	12.7%
Other means	0.9%	0.2%

Housing

Units in structure (share)

	Memphis	Palmetto
1-unit, detached	76.3%	37.0%
1-unit, attached	5.8%	5.6%
2 to 4 units	7.9%	3.1%
5 to 19 units	1.3%	5.5%
20 or more units	0.4%	18.7%
Mobile home & other	8.2%	30.0%

Poverty & households

	Memphis	Palmetto
Poverty rate	23.0%	14.1%
Average household size	3.17	2.49
Mean commute (minutes)	27	24
Median year structure built	1988	1980