At a Glance
Median Income
$41,250
$15,535 per capita
Home Value
$86,500
Zillow: $138,312
Median Rent
$573/mo
9.0% of income on rent
Bachelor's Degree+
2.6%
71.3% high school+
Unemployment
3.9%
23.3% poverty rate
Obesity Rate
41.2%
26.3% smoking rate
How Palmer Compares to the U.S. Average
Each bar shows Palmer's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Palmer a Good Place to Live?
B
3.0 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Palmer residents earn a median household income of $41,250 , which is 45% below the national average of $75,149.
Per capita income is $15,535. The unemployment rate stands at 3.9% (8% above the U.S. rate of 3.6%). 23.3% of residents live below the poverty line. The area is home to 246 business establishments, including 11 restaurants.
Housing & Cost of Living
The median home value in Palmer is $86,500 , 69% below the national median of $281,900.
Zillow estimates the typical home at $138,312. Median rent is $573/month, with 9.0% of renters spending more than 30% of income on housing. The cost of living index is 91.9 (100 = national average). The median home was built in 1986.
Education
2.6% of adults in Palmer hold a bachelor's degree or higher
(92% below the national average).
71.3% have completed high school. Local schools score 4.2/10 in standardized testing.
Climate & Weather
Palmer has an average annual temperature of 60°F (16°C).
Winters average 40°F in January while summers reach 78°F in July. Annual precipitation totals 63.7 inches.
Data Overview
People
Population734
Median Age44.2 yrs
Density149/mi²
Male / Female47% / 53%
Foreign Born0.0%
Veterans4.5%
Economy
C+
Median Income$41,250
Per Capita$15,535
Unemployment3.9%
Poverty23.3%
County GDP$344M
Avg Weekly Wage$758
Housing
A+
Home Value$86,500
Rent$573
Ownership85.9%
Zillow$138,312
Housing Units337
Rent Burden9.0%
Health
Obesity41.2%
Diabetes13.5%
Smoking26.3%
Heart Disease7.7%
Premature Death16,198/100K
Climate
Avg Temp60°F
Rain63.7 in/yr
Elevation1,846 ft
Education
F
Bachelor's+2.6%
High School+71.3%
Graduate+0.5%
School Score4.2/10
Community
2024 VoteR 84% / D 15%
Commute39 min
Broadband82.7%
Internet Speed185 Mbps
EV Stations1
Libraries5
Did You Know?
The median home in Palmer was built in 1986.
The nearest airport is Tullahoma Regional/Wm Northern Field (38 miles).
The Gini coefficient (income inequality) is 0.459 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
33.0% of the population has a disability.
Average internet download speed is 185 Mbps.
The county recorded 1 fatal vehicle crashes.