Living in Palermo, New Jersey
Cost of living, income, home prices, rent and demographics of Palermo · Census data 2020–2024
Palermo has 2,696 residents with a median age of 47.4. The median household income is $101,005 (about the same as the New Jersey median), the median home value is $395,400.
Palermo at a glance
- Population
- 2,696
- Median age
- 47.4State: 40.1
- Median household income
- $101,005State: $103,556
- Median home value
- $395,400State: $454,400
- Homeowners
- 97.9%
- Bachelor's degree or higher
- 46.9%
- Average commute
- 24 min
Is Palermo a good place to live?
Pros: Home values 13% lower than the state median; an average commute of 24 minutes; unemployment of 0.8%; a poverty rate of 2%.
Cons: Median household income about the same as the New Jersey median.
The weather is best in May–June and September–October.
Cost of living in Palermo
Housing is the biggest part of the cost of living. In Palermo the median home value is $395,400, 19% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,580 a month in housing costs.
Palermo median household income
The median household income in Palermo is $101,005 and the income per person is $50,836. 2% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Palermo: homes for sale and rent
- Housing units
- 1,280
- Owner-occupied
- 97.9%
- Renter-occupied
- 2.1%
- Vacant
- 8.8%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.31
Palermo demographics
- Population
- 2,696
- Median age
- 47.4
- Under 18
- 24.4%
- 65 and older
- 34.1%
- Households
- 1,167
- Foreign-born
- 1.8%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Palermo ›
Education in Palermo
46.9% of adults 25 and older in Palermo have a bachelor's degree or higher (New Jersey: 43.6%), and 16.1% have a graduate or professional degree.
Jobs and commute in Palermo
- Unemployment rate
- 0.8%State: 6.3%
- Average commute
- 24 minState: 31 min
- Work from home
- 8.5%
- Drive alone
- 89.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 97.3%
Palermo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palermo | 2,696 | $101,005 | $395,400 | — |
| Marmora | 2,039 | $105,536 | $438,400 | $1,875 |
| Seaville | 2,589 | $139,444 | $461,300 | $2,069 |
| Upper | 12,525 | $111,991 | $411,500 | $1,843 |
| Strathmere | 266 | $108,953 | $1,089,300 | — |
| Ocean View | 728 | $107,344 | $376,700 | — |
| Corbin City | 662 | $84,609 | $224,400 | $1,307 |
| South Seaville | 564 | $129,722 | $302,600 | — |
| Tuckahoe | 175 | $138,750 | $287,500 | — |
More for people moving to Palermo
Palermo ZIP code ›Weather and climate ›Living in Palermo: FAQ
What is the median household income in Palermo, NJ?
The median household income in Palermo is $101,005, about the same as the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palermo?
The median home value in Palermo is $395,400, compared with $454,400 in New Jersey.
Is Palermo, NJ a good place to live?
Pluses: home values 13% lower than the state median; an average commute of 24 minutes; unemployment of 0.8%; a poverty rate of 2%. Minuses: median household income about the same as the New Jersey median.
What is the median age in Palermo?
The median age in Palermo is 47.4 years (New Jersey: 40.1).
How long is the commute in Palermo?
The average commute to work in Palermo is 24 minutes; 8.5% of workers work from home.
What is the unemployment rate in Palermo?
The unemployment rate in Palermo is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palermo?
46.9% of adults in Palermo have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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