Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.4 yrs |
|---|---|
| Avg HH Size | 2.33 |
| Below Poverty | 6.3% ▼ 38% below avg |
| College Grads | 20.1% ▼ 48% below avg |
| Unemployment | 6.2% ▲ 26% above avg |
| No HS Diploma | 3 (1%) |
| HS Graduate | 90 (28.8%) |
| Some College | 63 (20.1%) |
| Associates | 94 (30%) |
| Bachelors | 27 (8.6%) |
| Graduate Degree | 36 (11.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $60,625 ▼ 21% below avg |
|---|---|
| Median Home Value | $75,600 ▼ 73% below avg |
| Home/Income Ratio | 1.2x (nat avg ~3.5x) |
| Median Rent | $629/mo |
| Total Housing Units | 226 |
| Vacant Units | 34 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palmer is a city in Michigan, located in Marquette County. The city spans 1 ZIP code and is home to approximately 448 residents. It is a mature city, with a median age of 48.4 years.
Economically, Palmer is a solidly middle-class community. The median household income of $60,625 is below the national average. Approximately 6.3% of residents live below the poverty line. The unemployment rate is 6.2%, above the national average.
The real estate market in Palmer is one of the more affordable housing markets in the country. Median home values stand at $75,600, which is well below the national average. Renters typically pay around $629 per month. Homeownership is high at 88.0%, typical of suburban and family-oriented communities.
The population of Palmer is less-educated. 20.1% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.2%).
Palmer, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49871 | 448 | $60,625 | $75,600 | $629 | 6.2% | 20.1% | 88.0% |