Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.3 yrs |
|---|---|
| Avg HH Size | 2.29 |
| Below Poverty | 4.2% ▼ 59% below avg |
| College Grads | 45.3% ▲ 17% above avg |
| Unemployment | 2.0% ▼ 58% below avg |
| HS Graduate | 350 (34.3%) |
| Some College | 73 (7.1%) |
| Associates | 136 (13.3%) |
| Bachelors | 121 (11.9%) |
| Graduate Degree | 341 (33.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $92,344 ▲ 21% above avg |
|---|---|
| Median Home Value | $266,800 ≈ Avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Total Housing Units | 981 |
| Vacant Units | 361 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palermo is a city in Maine, located in Waldo County. The city spans 1 ZIP code and is home to approximately 1,420 residents. It is a middle-aged city, with a median age of 44.3 years.
Economically, Palermo is a middle-income community. The median household income of $92,344 is above the national average. Approximately 4.2% of residents live below the poverty line. The unemployment rate is 2.0%, well below the national average.
The real estate market in Palermo is a mid-range housing market. Median home values stand at $266,800, which is near the national average. Homeownership is high at 94.4%, typical of suburban and family-oriented communities.
The population of Palermo is well-educated. 45.3% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (96.48%).
Palermo, ME offers residents above-average earning potential within Maine.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 04354 | 1,420 | $92,344 | $266,800 | — | 2.0% | 45.3% | 94.4% |