Palm Cove, Australia

Full City Profile

2.5 /5.0

C+ Fair

3,713 Population 2/sq mi density

69 ft Elevation 21 meters

68°F Avg Temperature 20°C

C+

Overall

2.5 / 5.0

Fair overall score based on economy, affordability, safety and education

C+

Economy

2.7 / 5.0

$26,939 median income, 5.6% unemployment

Affordability

2.4 / 5.0

$205,600 home value, $1,028/mo rent

Palm Cove, Australia

At a Glance

Median Income

$26,939

64% below

$26,939 per capita

Home Value

$205,600

27% below

Median Rent

$1,028/mo

12% below

Unemployment

5.6%

56% above

Avg Temperature

68°F

327 sunny days/yr

Is Palm Cove a Good Place to Live?

C+

2.5 / 5.0 — Fair

Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Palm Cove residents earn a median household income of $26,939 , which is 64% below the national average of $75,149. Per capita income is $26,939. The unemployment rate stands at 5.6% (56% above the U.S. rate of 3.6%). The area is home to 353 business establishments.

Housing & Cost of Living

The median home value in Palm Cove is $205,600 , 27% below the national median of $281,900. Median rent is $1,028/month.

Climate & Weather

Palm Cove has an average annual temperature of 68°F (20°C). Winters average 72°F in January while summers reach 63°F in July. The area gets 327 sunny days per year. Annual precipitation totals 74.5 inches.

Data Overview

People

Population3,713

Median Age53.0 yrs

Density2/mi²

Foreign Born33.5%

Economy

C+

Median Income$26,939

Per Capita$26,939

Unemployment5.6%

Poverty

Avg Weekly Wage$518

Housing

Home Value$205,600

Rent$1,028

Ownership68.9%

Housing Units1,485

Climate

Avg Temp68°F

Sunny Days327/yr

Rain74.5 in/yr

Elevation69 ft

Did You Know?

33.5% of residents are foreign-born.