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The total population of Palmer township is estimated to be 2,528 with 1,314 males (51.98%) and 1,214 females (48.02%). There are 100 less females than males in Palmer township.
The median household income in Palmer township was $102,043 in 2021, which marked an a decrease of 3,535(3.35%) from $105,578 in 2020. This income is 136.78% 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 township sees its highest median household income among householders in the age group of 25 to 44 years old, at $130,385. Overall, the median household income for the township of Palmer township stands at $102,043.
In Palmer township, the median income for all workers aged 15 years and older, regardless of work hours, was $54,431 for males and $41,060 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $84,084 for males and $57,356 for females.
In Palmer township, population is primarily represented by White households, reporting a median income of $104,545.
In 2022, the population of Palmer township was 2,598, a 1.09% increase year-by-year from 2021. Previously, in 2021, Palmer township's population was 2,570, an increase of 1.58% compared to a population of 2,530 in 2020.
The median age in Palmer Township, Minnesota is 39.8, as per 2021 ACS 5-Year Estimates. Of the total population, 22.14% were under the age of 15, 14.75% aged 15 to 29, 47.50% aged 30 to 64, 13.35% aged 65 to 84, and 2.27% were 85 years of age and older.
Racial distribution of Palmer township population: 95.51% are White, 0.91% are Black or African American, 0.20% are American Indian and Alaska Native, 0.64% are Asian, 2.27% are some other race and 0.48% are multiracial.