Palmona Park CDP, Florida
Population 1,067

Overview

Housing
Median Home Value
$56,000
Half are $32,400 - $101,100
Median Monthly Owner Costs
$887
With a Mortgage
Median Monthly Rent
$548
Includes Utilities
Median Year Housing Built
1967
Employment & Commute
Median Household Income
$22,000
Poverty Rate
28%
Unemployment Rate
23.8%
Education
Percent with a High School Diploma
82%
Ages 25+
Percent with a College Degree
21%
Ages 25+
Percent with a Post Grad Degree
3%
Ages 25+
Percent in Public School
100%
Ages 5-17 Enrolled in School
Demographics
Children
24%
Under 18

The city of Palmona Park is one of 5 cities in Lee County. While many may refer to it as a city, it actually is a census designated place (CDP). Palmona Park is a suburb of Cape Coral, FL. It is located in eastern Florida near the Caloosahatchee River.

Palmona Park, FL is a Place (Census Designated):
Often referred to as cities, places can be categorized as Census Designated Places (CDP) or legal entities. The places that are legal entities provide governmental functions. CDPs have no governmental authority and exist only for statistical purposes. They are similar to legal entities in that they are a concentrated population identifiable by a name. Neither cross state lines, but may extend across county lines. A CDP may not extend into a legal entity.
Need a wider view? Palmona Park, FL is a part of the Cape Coral, FL Metro Area.

Housing

1967

Median Year Housing was BuiltAll Housing Including Owner/Renter Occupied and Unoccupied

Year Housing was BuiltAll Housing Including Owner/Renter Occupied and Unoccupied

18.9%

Estimated Abandoned Homes

This estimate includes vacant housing that is not for rent, rented, for sale, sold, for seasonal/recreational/occasional use, or for migrant workers.

49.4%

Home Ownership PercentageOccupied Housing Units

11

Price to Rent RatioOccupied Housing Units

The price to rent ratio compares home values to rental costs. Values over 20 indicate that it is likely more affordable to rent. Values under 15 indicate that it is likely more affordable to buy. Values between 15 and 20 indicate that extra judgment must be taken when making housing decisions. It is calculated as the median home value divided by the median annual contract rent (ie. rent without additional utilities).

$56,000

Median Owner Occupied Home Value

$887

Median Monthly Ownership CostsOwner Occupied Housing Units with a Mortgage

Monthly housing costs include mortgage payments, real estate taxes, insurance, utilities, and condo fees. When comparing to monthly rental costs, be careful to also look at the median number of bedrooms. Owner occupied homes generally include more bedrooms than rentals.

2.5

Housing Affordability (Median Multiple)

The median multiple is the ratio of median house price by the median annual household income. In other words, how many years would it take for the median income to pay off the median home price? Higher values indicate that the incomes in the area are not high enough to warrant the higher home prices. Anything under 3 is considered affordable while higher values indicate that housing is not affordable.

$548

Median Monthly Rent and Utility CostsRenter Occupied Housing Units with Housing Costs

Monthly housing costs include rent and utilities. When comparing to monthly ownership costs, be careful to also look at the median number of bedrooms. Owner occupied homes generally include more bedrooms than rentals.

67%

Housing Cost Burdened Renters

Federally subsidized housing programs set the maximum affordable housing cost at 30% of income. This threshold has become a measure of housing affordability and is intended to make sure that households have enough money to for other needs including food, clothing, transportation, etc. Anyone spending more than 30% of their income on housing is considered house burdened because it becomes difficult to afford many of the other necessities of living.

Employment

$22,266

Median Household Income

Household Income

43.5

Household Income Inequality

Income inequality is measured using the Gini coefficient. Lower values indicate that household income is spread evenly across the income groups. Higher values indicate that one income group is much more common than others.

28%

Poverty Rate

Poverty status uses the standards set by the Office of Management and Budget (OMB). If a family's total income is less than a certain threshold, every person in the family is considered to be in poverty. The threshold varies based on family size, composition, and age.

$18,623

Median Annual Individual EarningsPast 12 months for the Population Ages 16+ With Earnings

Annual Individual EarningsPopulation Ages 16+ with Earnings

94%

Unadjusted Gender Pay GapPopulation Ages 16+ with Earnings

The unadjusted gender pay gap is the median indvidiual female earnings as a percentage of male earnings. In other words, women who work in Palmona Park, FL generally make around 9397% of what men do. Much of that difference is likely due to the number of hours worked (see the Full Time vs Part Time Work chart), occupations chosen (see the Employed by Occupation chart), education, and job experience. Adjusting for each of those factors to see what women with similar qualifications and jobs make compared to men is difficult, but the adjusted pay gap would be more likely to show the difference due to discrimination, difference in ability, or willingness to negotiate pay. For these reasons, differences in the gender pay shown here may be more likely to show the gender ideals in an area than the discriminatory practices. It is also worth noting that the 35% of men and 33% of women ages 16+ that did not have earnings were not included in the calculation.

23.8%

Unemployment RatePopulation Ages 16+ in the Civilian Labor Force

To classify as unemployed, people must not be in the military and must be actively looking for work (also known as the U3 measure of unemployment which is the official unemployment rate). In Palmona Park, FL, 28% of the population ages 16+ are not employed, but are also not looking for work so they are not considered in the unemployment rate. See the Labor Force Participation Rate for more information.

72%

Labor Force Participation RatePopulation Ages 16+

People in the labor force include those in the armed forces as well as civilians who are employed or classified as unemployed. To classify as unemployed, people must be actively looking for work. Common people that are not considered in the labor force are students, homemakers, retired workers, seasonal workers not currently looking for work, and institutionalized people. In Palmona Park, FL, 28% of people are neither employed or looking for work.

Full Time vs Part Time WorkPopulation Ages 16-64 Who Worked in the Last 12 Months

Full-time employment is typically considered 35-40 hours per week. With the exception of health care coverage, federal law does not regulate the definition of full time employment for compensation and benefits purposes. The Affordable Care Act (ACA/Obamacare) mandates that all employees working an average of 30 or more hours per week at a large employer must be eligible for health care coverage.

Total

35+ Hours per Week
61%
15-34 Hours per Week
37%
1-14 Hours per Week
2%

Male

35+ Hours per Week
73%
15-34 Hours per Week
22%
1-14 Hours per Week
5%

Female

35+ Hours per Week
50%
15-34 Hours per Week
50%
1-14 Hours per Week
0%

Means Of Transportation To WorkWorkers Ages 16+

Car, truck, etc.
93%
Public transportation
3%
Taxi
0%
Bicycle, Walked, or Other Means
4%
Worked at Home
0%

Travel Time to WorkIn Minutes for Workers Ages 16+ Who Did Not Work at Home

Education

Educational AttainmentPopulation Ages 25+

Less than High School Diploma
18%
High School Graduate
61%
Associate's degree
13%
Bachelor's degree
5%
Master's degree
2%
Professional school degree
1%
Doctorate degree
0%
82%

Percent with a High School DiplomaPopulation Ages 25+

High school diplomas include equivalencies, but do not include those who reported completing grade 12 without a diploma.

21%

Percent with a College DegreePopulation Ages 25+

College degrees include those with an Associate's, Bachelor's, Master's, Professional school, or Doctorate degree.

3%

Percent with a Post Graduate DegreePopulation Ages 25+

Post graduate degrees include those with a Master's, Professional school, or Doctorate degree.

School EnrollmentPopulation Ages 5-17

Not being enrolled in school does not necessarily mean that the student dropped out. Only schools that lead to a high school diploma or college degree are included. Home schoolers were instructed to select private school. Ages 3-4 are not included because preschool programs are not usually mandated by law and only 18% of children in this age range were enrolled in Palmona Park, FL.

Enrolled in Public School
94%
Enrolled in Private School
0%
Not Enrolled in School
6%
100%

Percent Enrolled in Public SchoolPopulation Ages 5-17 Enrolled in School

Demographics

1,067

Total Population

Life Stages

Children Under 10
13%
Children 10-17
11%
Young Adult Singles
19%
Middle Aged and Married
14%
Seniors
8%
Other
34%

Marital Status of MalesPopulation Ages 15+

Marital Status of FemalesPopulation Ages 15+

Household Composition

Single female/male families do not necessarily denote single parent households. Single householders living with siblings, their aging parents, or any other relatives would be included.

Married Couples
25%
Single Female Families
18%
Single Male Families
3%
Householder Living Alone
50%
Householder Living with Non-Relative
3%

Race

White
97.8%
Black
0.2%
American Indian or Alaskan
0.0%
Asian
0.0%
Pacific Islander
0.0%
Other
1.6%
Two Plus Races
0.5%
5

Racial and Ethnic Diversity

The racial and ethnic diversity index measures the probability that any two people chose at random from Palmona Park, FL are of different races or ethnicities where higher numbers represent more diversity. It was developed by the University of North Carolina and USA Today in 1991 and adapted in 2000 to account for differences in Census questions. It uses the same calculation methods as the Gini Index used by the Census Bureau to determine household income inequality.

Climate

The climate estimates use Palmona Park, FL weather from 1971 to 2000 at the nearest official weather station which is located at FORT MYERS (PAGE AP).

Average Daily Temperatures by Month (°F)

Average Monthly Precipitation (Inches)

Summer High Temps

This weather station's average summer high temps are higher than 78% of other weather stations.

Winter Low Temps

This weather station's average winter low temps are higher than 99% of other weather stations.

Precipitation Levels

This weather station's average precipitation levels are higher than 88% of other weather stations.

Entity Info

PropertySourceValue
State2013 ACSFL
Summary Level2013 ACS160 (place)
Logical Record Number2010 Census0530748
Logical Record Number2013 ACS0019119
Region2013 ACS3
Division2013 ACS5
State FIPS2013 ACS12
Place FIPS2013 ACS54357
Metro Micro Politan Statistical Area Principal City Indicator2010 CensusN
New England City & Town Area Principal City Indicator2010 CensusN
Name2010 CensusPalmona Park CDP
Name2013 ACSPalmona Park CDP, Florida
Functional Status Code2010 CensusS
Legal Statistical Area Description Code2013 ACS57
State ANSI2010 Census00294478
Place ANSI2010 Census02403394
Full GEOID2013 ACS16000US1254357
GEOID2013 ACS1254357
Population2010 Census1,146
Population2013 ACS1,067
Housing Units2010 Census622
Housing Units2013 ACS565
Land Area2013 ACS0.8 square miles
Water Area2013 ACS0.0 square miles
Population Density2013 ACS1,282.0 people per sq. mile
Minimum Bounding Rectangle Or Bounding Box2013 ACS[26.681928,-81.901741], [26.696859,-81.886131],
Centroid Or Center Coordinates2013 ACS26.689236562116, -81.894682205387
FIPS Place Class Code2010 CensusU1
Place Size Code2010 Census09