Palmer, MA
Maps & Population Facts
Population
12,237
Population Density
388
Labor Participaton
63.9%
Bachelor's or Higher
26.9%
Median Household Income
$57,022
Median Individual Income
$34,245
Median Individual Income(Full-time Workers Only)
$45,725
Housing Estimates
Median House Value
$188,600
Median Gross Rent
$786
Median Mortgage Payment
$1,609
Housing Units
5,412
People who reside in Palmer live in:
Detached - Single Family Homes
67%
Apt, Condo, Other
33%
Analysis
Income
Households in Palmer earn slightly less money than the national median income, averaging 5% less per household.
Housing
Palmer has a median house price of $188,600. The cost of homeownership is slightly less than most areas. The cost of renting in Palmer is 22% less than the national average.
Percent | |
---|---|
Renter Occupied Households | 38% |
New Construction (Built after 2000) | 9% |
Demographics
The median age in Palmer is 43. Palmer has a population that is significantly older than in comparison to the US median age.
Palmer ranks worse than average for having an educated population with less college graduates per resident than most areas.
Housing Data
Housing Comparison
Palmer | Massachusetts | USA | |
Median Property Value | 188,600 | 385,400 | 217,600 |
Median Mortgage Payment | 1,609 | 2,108 | 1,513 |
Median Gross Rent | 786 | 1,208 | 1,012 |
Property Vacancy | 8.8% | 10.0% | 12.6% |
% Renters | 25% | 38% | 36% |
Residents per Sq. Mi. | 388 | 885 | 93 |
Personal Comparison
Palmer | Massachusetts | USA | |
Median Household Income | 57,022 | 77,385 | 60,336 |
Median Individual Income | 34,245 | 41,700 | 33,646 |
Median Income (Full-Time) | 45,725 | 60,923 | 46,881 |
Median Age | 43.1 | 39.5 | 38.1 |
Labor Participation | 63.9% | 67.8% | 62.8% |
Attained College Degree | 26.9% | 43.4% | 32.0% |
Population Density Analysis
Palmer, MA
388
Residents per Sq. Mile
The population density of Palmer is comparable to that of a Rural Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +