Coral Terrace vs Palmetto Bay

A side-by-side comparison of Coral Terrace and Palmetto Bay: population, income, housing, and more.

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

Palmetto Bay has the higher population (24,247 vs 24,051 in Coral Terrace). Palmetto Bay has the higher median household income ($143,368 vs $77,396 in Coral Terrace). Palmetto Bay has the higher median home value ($787,000 vs $496,500 in Coral Terrace).

Population, income & housing

	Coral Terrace	Palmetto Bay
Population	24,051	24,247
Median age	45.8 yrs	41.6 yrs
Median household income	$77,396	$143,368
Median home value	$496,500	$787,000
Median gross rent	$1,707	$1,862
Housing units	8,552	8,760
Homeownership rate	61.5%	79.0%
Bachelor's degree or higher	30.2%	61.5%
Unemployment rate	3.0%	3.4%

Trends (ACS 5-year, 2019–2023)

	Coral Terrace	Palmetto Bay
Population	25,387 → 24,051 (-5.3%)	24,333 → 24,247 (-0.4%)
Median household income	$62,547 → $77,396 (+23.7%)	$123,477 → $143,368 (+16.1%)
Median home value	$335,100 → $496,500 (+48.2%)	$562,300 → $787,000 (+40.0%)
Median gross rent	$1,487 → $1,707 (+14.8%)	$1,426 → $1,862 (+30.6%)

Coral Terrace

Population

25,38724,051

Median household income

$62,547$77,396

Median home value

$335,100$496,500

Median gross rent

$1,487$1,707

Palmetto Bay

Population

24,33324,247

Median household income

$123,477$143,368

Median home value

$562,300$787,000

Median gross rent

$1,426$1,862

Age & race/ethnicity

Age distribution (share)

	Coral Terrace	Palmetto Bay
Under 5	4.1%	6.7%
5 to 17	12.4%	18.3%
18 to 24	6.4%	6.6%
25 to 34	11.5%	10.3%
35 to 44	14.5%	12.9%
45 to 54	14.8%	14.9%
55 to 64	13.4%	15.8%
65 to 74	11.4%	8.1%
75 and over	11.6%	6.5%

Race & ethnicity (share)

	Coral Terrace	Palmetto Bay
White (non-Hispanic)	7.2%	38.9%
Black or African American	0.6%	3.8%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.8%	4.4%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.5%	1.1%
Two or more races	0.8%	3.3%
Hispanic or Latino	90.1%	48.5%

Educational attainment (age 25+)

Share of adults 25+

	Coral Terrace	Palmetto Bay
No high school diploma	16.3%	5.4%
High school graduate	30.9%	10.7%
Some college or associate's	22.6%	22.3%
Bachelor's degree	21.5%	33.0%
Graduate or professional degree	8.8%	28.5%

Commute to work

How workers get to work (share)

	Coral Terrace	Palmetto Bay
Drove alone	74.9%	63.2%
Carpooled	6.3%	10.3%
Public transit	1.1%	2.2%
Walked	0.3%	1.1%
Bicycle	0.5%	0.0%
Worked from home	15.6%	19.6%
Other means	1.4%	3.6%

Housing

Units in structure (share)

	Coral Terrace	Palmetto Bay
1-unit, detached	73.1%	79.5%
1-unit, attached	12.0%	4.7%
2 to 4 units	2.7%	2.2%
5 to 19 units	4.0%	2.2%
20 or more units	7.2%	11.5%
Mobile home & other	1.0%	0.0%

Poverty & households

	Coral Terrace	Palmetto Bay
Poverty rate	12.1%	6.4%
Average household size	2.92	2.97
Mean commute (minutes)	26	36
Median year structure built	1958	1976