Last updated: 2024 BLS data · Page refreshed:
Palmer has a population of 2,515 with a median age of 31.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,515 |
| Median Age | 31.0 |
| White | 73.1% |
| Black or African American | 0.4% |
| Hispanic or Latino | 34.9% |
The median household income in Palmer is $104,258, which is 29.3% above the national median of $80,610. The per capita income is $33,375. The poverty rate is 4.5%.
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In Palmer, 88.4% of residents age 25+ have a high school diploma or higher, and 12.0% hold a bachelor's degree or higher (3.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 88.4% |
| Bachelor's Degree or Higher | 12.0% |
| Graduate or Professional Degree | 3.1% |
The median home value in Palmer is $226,000, below the national median of $303,400. The median monthly rent is $1,718. The homeownership rate is 77.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $226,000 |
| Median Monthly Rent | $1,718 |
| Homeownership Rate | 77.2% |
| Vacancy Rate | 7.4% |
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