Palmetto, a city located in the state of Florida (FL), is home to a population of approximately 13,384 people. Palmetto boasts a median age of 50, with around 36.3% of its residents aged 60 or above. 9.7% of the population identifies as US Veterans. 14.4% of Palmetto residents are disabled. The city has an average household income of $55,584, while the unemployment rate stands at 6.7%, and around 17.2% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Palmetto is $207,464, with a monthly rent averaging $1,222.