Last updated: 2024 BLS data · Page refreshed:
Palmer has a population of 241 with a median age of 53.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 241 |
| Median Age | 53.3 |
| White | 99.6% |
The median household income in Palmer is $49,500, which is 38.6% below the national median of $80,610. The per capita income is $27,010. The poverty rate is 11.2%.
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In Palmer, 89.4% of residents age 25+ have a high school diploma or higher, and 8.5% hold a bachelor's degree or higher (0.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 89.4% |
| Bachelor's Degree or Higher | 8.5% |
| Graduate or Professional Degree | 0.5% |
The median home value in Palmer is $82,900, below the national median of $303,400. The median monthly rent is $740. The homeownership rate is 88.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $82,900 |
| Median Monthly Rent | $740 |
| Homeownership Rate | 88.4% |
| Vacancy Rate | 11.8% |
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