ZIP 34221 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Palmetto city, FL (34221)

Median Income

$74,314

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+2,458

Wealth inflow

Population

54,923

Unemployment

4.9%

1.2pp above US avg

IRS migration statistics show a net inflow of about 2,458 for ZIP 34221 (Palmetto city, FL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

4.9%+32% vs US avg

Self-Employed

2.9%-53% vs US avg

SNAP Benefits

10.5%-10% vs US avg

987

Establishments

12,927

Employees

~13 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining1.3%
Construction9.5%
Manufacturing7.8%
Wholesale trade2.3%
Retail trade12.7%
Transportation, utilities6.1%
Information1.8%
Finance, insurance, real estate5.4%
Professional, scientific, management13.0%
Education, health care, social22.1%
Arts, entertainment, food services7.5%
Other services5.4%
Public administration5.0%

Household Income

Historical Trends in 34221 (2020–Present)

Since 2020, population grew 8.0%, median income rose 9.2% (inflation-adjusted), home values increased 27.9%.

Median Income

$74,314

-1% vs US avg

Unemployment Rate