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Palmer, Massachusetts

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
12,381
Population
$78,480
Median Income
$271,400
Home Value
47.8
Median Age

Demographics

Palmer has a population of 12,381 with a median age of 47.8. Here is the racial and ethnic breakdown of the population:

White
86.8%
Hispanic
4.9%
Other
4.6%
Black
3.7%
Demographic Value
Total Population12,381
Median Age47.8
White86.8%
Black or African American3.7%
Hispanic or Latino4.9%
Other / Two or More Races4.6%
Palmer, Massachusetts — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 86.8%Hispanic/Latino: 4.9%Other: 4.6%Black: 3.7%12,381PopulationWhiteWhite86.8%Hispanic/LatinoHispanic/Latino4.9%OtherOther4.6%BlackBlack3.7%

Income & Economy

The median household income in Palmer is $78,480, which is 2.6% below the national median of $80,610. The per capita income is $45,032. The poverty rate is 8.3%.

$78,480
Median Household Income
$45,032
Per Capita Income
8.3%
Poverty Rate

Employment

The unemployment rate in Palmer is 5.1%, compared to the national rate of 4.1%.

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Education

In Palmer, 89.8% of residents age 25+ have a high school diploma or higher, and 23.5% hold a bachelor's degree or higher (8.9% with a graduate or professional degree).

HS Diploma+
89.8%
Bachelor's+
23.5%
Graduate+
8.9%
Education Level % of Adults (25+)
High School Diploma or Higher89.8%
Bachelor's Degree or Higher23.5%
Graduate or Professional Degree8.9%

Housing

The median home value in Palmer is $271,400, below the national median of $303,400. The median monthly rent is $1,075. The homeownership rate is 71.5%.

$271,400
Median Home Value
$1,075/mo
Median Rent
71.5%
Homeownership Rate
Housing Metric Value
Median Home Value$271,400
Median Monthly Rent$1,075
Homeownership Rate71.5%
Vacancy Rate7.0%

Salaries in Massachusetts

Explore salary data for popular occupations in Massachusetts:

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Other Cities in Massachusetts

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Frequently Asked Questions

What is the population of Palmer, Massachusetts?
The population of Palmer, Massachusetts is 12,381 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Palmer, Massachusetts?
The median household income in Palmer, Massachusetts is $78,480. This is 2.6% below the national median of $80,610.
What is the median home value in Palmer, Massachusetts?
The median home value in Palmer, Massachusetts is $271,400. The median monthly rent is $1,075.
What percentage of people in Palmer have a college degree?
In Palmer, Massachusetts, 23.5% of adults age 25 and older hold a bachelor's degree or higher, and 89.8% have a high school diploma or higher.
Is Palmer, Massachusetts an affordable place to live?
The home price-to-income ratio in Palmer, Massachusetts is 3.5x (median home value $271,400 vs. median income $78,480), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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