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The total population of Palmer is estimated to be 2,685 with 1,505 males (56.05%) and 1,180 females (43.95%). There are 325 less females than males in Palmer.
The median household income in Palmer was $81,407 in 2021, which marked an an increase of 7,087(9.54%) from $74,320 in 2020. This income is 109.12% 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 45 to 64 years old, at $92,167. Overall, the median household income for the town of Palmer stands at $81,407.
In Palmer, the median income for all workers aged 15 years and older, regardless of work hours, was $36,790 for males and $34,147 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,004 for males and $47,933 for females.
In Palmer, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $87,599, followed by White households at $85,375, and Some Other Race households with a median household income of $78,817.
In 2022, the population of Palmer was 2,485, a 0.93% increase year-by-year from 2021. Previously, in 2021, Palmer's population was 2,462, an increase of 2.03% compared to a population of 2,413 in 2020.
The median age in Palmer, TX is 31.0, as per 2021 ACS 5-Year Estimates. Of the total population, 27.12% were under the age of 15, 20.35% aged 15 to 29, 45.23% aged 30 to 64, 7.05% aged 65 to 84, and 0.24% were 85 years of age and older.
Racial distribution of Palmer population: 79.41% are White, 2.44% are Black or African American, 2.64% are American Indian and Alaska Native, 7.41% are some other race and 8.09% are multiracial.