Last updated: 2024 BLS data · Page refreshed:
Palermo has a population of 5,266 with a median age of 47.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 5,266 |
| Median Age | 47.0 |
| White | 64.3% |
| Black or African American | 3.8% |
| Asian | 4.4% |
| Hispanic or Latino | 22.4% |
| Other / Two or More Races | 5.1% |
The median household income in Palermo is $50,588, which is 37.2% below the national median of $80,610. The per capita income is $31,494. The poverty rate is 20.1%.
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In Palermo, 81.0% of residents age 25+ have a high school diploma or higher, and 12.2% hold a bachelor's degree or higher (3.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 81.0% |
| Bachelor's Degree or Higher | 12.2% |
| Graduate or Professional Degree | 3.9% |
The median home value in Palermo is $283,000, below the national median of $303,400. The median monthly rent is $1,135. The homeownership rate is 68.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $283,000 |
| Median Monthly Rent | $1,135 |
| Homeownership Rate | 68.7% |
| Vacancy Rate | 13.0% |
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