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The total population of Palmer is estimated to be 882 with 472 males (53.51%) and 410 females (46.49%). There are 62 less females than males in Palmer.
The median household income in Palmer was $43,012 in 2021, which marked an an increase of 5,799(15.58%) from $37,213 in 2020. This income is 57.65% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Palmer sees its highest median household income among householders in the age group of 25 to 44 years old, at $55,397. Overall, the median household income for the town of Palmer stands at $43,012.
In Palmer, the median income for all workers aged 15 years and older, regardless of work hours, was $18,376 for males and $22,372 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $43,236 for males and $30,654 for females.
In Palmer, population is primarily represented by White households, reporting a median income of $43,012.
In 2022, the population of Palmer was 563, a 1.81% increase year-by-year from 2021. Previously, in 2021, Palmer's population was 553, an increase of 0.73% compared to a population of 549 in 2020.
The median age in Palmer, TN is 37.4, as per 2021 ACS 5-Year Estimates. Of the total population, 28.16% were under the age of 15, 16.31% aged 15 to 29, 41.23% aged 30 to 64, 13.18% aged 65 to 84, and 1.12% were 85 years of age and older.
Racial distribution of Palmer population: 83.91% are White and 16.09% are multiracial.