Last updated: 2024 BLS data · Page refreshed:
Palmer has a population of 6,268 with a median age of 32.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 6,268 |
| Median Age | 32.9 |
| White | 72.0% |
| Black or African American | 2.0% |
| Asian | 1.9% |
| Hispanic or Latino | 6.7% |
| Other / Two or More Races | 17.4% |
The median household income in Palmer is $72,201, which is 10.4% below the national median of $80,610. The per capita income is $37,718. The poverty rate is 13.0%.
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In Palmer, 93.0% of residents age 25+ have a high school diploma or higher, and 24.5% hold a bachelor's degree or higher (7.8% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.0% |
| Bachelor's Degree or Higher | 24.5% |
| Graduate or Professional Degree | 7.8% |
The median home value in Palmer is $294,900, below the national median of $303,400. The median monthly rent is $1,125. The homeownership rate is 63.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $294,900 |
| Median Monthly Rent | $1,125 |
| Homeownership Rate | 63.1% |
| Vacancy Rate | 7.5% |
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