Last updated: 2024 BLS data · Page refreshed:
Palmer has a population of 403 with a median age of 43.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 403 |
| Median Age | 43.4 |
| White | 95.0% |
| Hispanic or Latino | 1.7% |
| Other / Two or More Races | 3.3% |
The median household income in Palmer is $62,578, which is 22.4% below the national median of $80,610. The per capita income is $33,701. The poverty rate is 5.7%.
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In Palmer, 97.2% of residents age 25+ have a high school diploma or higher, and 15.0% hold a bachelor's degree or higher (4.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.2% |
| Bachelor's Degree or Higher | 15.0% |
| Graduate or Professional Degree | 4.5% |
The median home value in Palmer is $123,900, below the national median of $303,400. The median monthly rent is $875. The homeownership rate is 80.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $123,900 |
| Median Monthly Rent | $875 |
| Homeownership Rate | 80.8% |
| Vacancy Rate | 5.3% |
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