Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.5 yrs |
|---|---|
| Avg HH Size | 2.78 |
| Below Poverty | 8.5% ▼ 15% below avg |
| College Grads | 43.4% ▲ 12% above avg |
| Unemployment | 5.5% ▲ 12% above avg |
| No HS Diploma | 146 (0.7%) |
| HS Graduate | 4,728 (23.8%) |
| Some College | 2,875 (14.5%) |
| Associates | 3,468 (17.5%) |
| Bachelors | 2,428 (12.2%) |
| Graduate Degree | 6,185 (31.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $97,069 ▲ 27% above avg |
|---|---|
| Median Home Value | $338,400 ▲ 21% above avg |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $1,309/mo |
| Total Housing Units | 12,021 |
| Vacant Units | 954 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palmer is a city in Alaska, located in Matanuska-Susitna Borough County. The city spans 1 ZIP code and is home to approximately 31,494 residents. It is a relatively young city, with a median age of 36.5 years.
Economically, Palmer is a middle-income community. The median household income of $97,069 is above the national average. Approximately 8.5% of residents live below the poverty line. The unemployment rate is 5.5%, near the national average.
The real estate market in Palmer is a mid-range housing market. Median home values stand at $338,400, which is above the national average. Renters typically pay around $1,309 per month. Homeownership is high at 78.6%, typical of suburban and family-oriented communities.
The population of Palmer is well-educated. 43.4% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (75.29%).
Palmer, AK offers residents above-average earning potential within Alaska.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 99645 | 31,494 | $97,069 | $338,400 | $1,309 | 5.5% | 43.4% | 78.6% |