Palmetto Bay, FL (33158) is an attractive suburb of Miami known for its lush landscapes, excellent schools, and a variety of amenities. The two-bedroom rent in the area is $2,810 per month which is significantly higher than the US average of $1,430 per month. With a Grocery Cost Index score of 115 compared to the US average of 100, Palmetto Bay residents may find their groceries more expensive than other areas.
Local businesses in Palmetto Bay include The Falls Shopping Center, Redland Citizen's Bank, Palmetto Bay Village Center, and numerous restaurants such as Applebees and Graziano's Restaurant. This area also has many attractions such as Deering Estate at Cutler and Coral Reef Park with its recreational activities like camping kayaking and biking. Other amenities include plenty of parks for outdoor recreation plus local libraries like the South Dade Regional Library. With so much to offer it’s no wonder why Palmetto Bay is an attractive place to live.
Palmetto Bay (zip 33158) has an unemployment rate of 6.7%. The US average is 6.0%.
Palmetto Bay (zip 33158) has seen the job market decrease by -11.1% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Palmetto Bay (zip 33158)
- The Sales Tax Rate for Palmetto Bay (zip 33158) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palmetto Bay (zip 33158) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Palmetto Bay (zip 33158)
- The average income of a Palmetto Bay (zip 33158) resident is $78,407 a year. The US average is $37,638 a year.
- The Median household income of a Palmetto Bay (zip 33158) resident is $163,565 a year. The US average is $69,021 a year.