Living in Palmer, Texas
Cost of living, income, home prices, rent and demographics of Palmer · Census data 2020–2024
Palmer has 2,515 residents with a median age of 31. The median household income is $104,258 (33% higher than the Texas median), the median home value is $226,000, the median rent is $1,718/month.
Palmer at a glance
- Population
- 2,515
- Median age
- 31State: 35.6
- Median household income
- $104,258State: $78,476
- Median home value
- $226,000State: $283,800
- Median rent
- $1,718/moState: $1,403
- Homeowners
- 77.2%
- Bachelor's degree or higher
- 12%
- Average commute
- 33 min
Is Palmer a good place to live?
Pros: Median household income 33% higher than the Texas median; home values 20% lower than the state median; a poverty rate of 4.5%.
Cons: An average commute of 33 minutes; unemployment of 7.2%.
The weather is best in March to May and October.
Cost of living in Palmer
Housing is the biggest part of the cost of living. In Palmer the median home value is $226,000, 32% lower than the U.S. median. Renters pay a median of $1,718 per month, which is 18.6% of household income. Homeowners with a mortgage pay $1,916 a month in housing costs.
Palmer median household income
The median household income in Palmer is $104,258 and the income per person is $33,375. 4.5% of residents live below the poverty line (Texas: 13.8%).
Housing in Palmer: homes for sale and rent
- Housing units
- 848
- Owner-occupied
- 77.2%
- Renter-occupied
- 22.8%
- Vacant
- 7.4%Includes seasonal homes
- Median year built
- 1989
- Average household size
- 3.20
Palmer demographics
- Population
- 2,515
- Median age
- 31
- Under 18
- 30.3%
- 65 and older
- 9.1%
- Households
- 785
- Foreign-born
- 7.3%
- Veterans
- 2%Adults 18+
Hispanic or Latino can be of any race. Population history of Palmer ›
Education in Palmer
12% of adults 25 and older in Palmer have a bachelor's degree or higher (Texas: 33.8%), and 3.1% have a graduate or professional degree.
Jobs and commute in Palmer
- Unemployment rate
- 7.2%State: 5.3%
- Average commute
- 33 minState: 27 min
- Work from home
- 11.1%
- Drive alone
- 81.2%
- Public transit
- 0%
- Walk to work
- 0.2%
- Homes with broadband
- 95.4%
Palmer vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palmer | 2,515 | $104,258 | $226,000 | $1,718 |
| Garrett | 1,260 | $79,792 | $125,800 | $1,593 |
| Bristol | 649 | $101,653 | $634,800 | — |
| Ennis | 22,588 | $75,074 | $260,100 | $1,362 |
| Ferris | 3,238 | $89,722 | $261,800 | $1,295 |
| Pecan Hill | 723 | $104,712 | $325,400 | $1,667 |
| Red Oak | 17,077 | $104,561 | $366,100 | $1,920 |
| Waxahachie | 45,347 | $85,723 | $336,500 | $1,618 |
| Bear Creek Ranch | 1,604 | $81,250 | $291,300 | — |
More for people moving to Palmer
Palmer ZIP code ›Weather and climate ›Living in Palmer: FAQ
What is the median household income in Palmer, TX?
The median household income in Palmer is $104,258, 33% higher than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palmer?
The median home value in Palmer is $226,000, compared with $283,800 in Texas.
How much is rent in Palmer?
The median gross rent in Palmer is $1,718 per month, about 18.6% of household income.
Is Palmer, TX a good place to live?
Pluses: median household income 33% higher than the Texas median; home values 20% lower than the state median; a poverty rate of 4.5%. Minuses: an average commute of 33 minutes; unemployment of 7.2%.
What is the median age in Palmer?
The median age in Palmer is 31 years (Texas: 35.6).
How long is the commute in Palmer?
The average commute to work in Palmer is 33 minutes; 11.1% of workers work from home.
What is the unemployment rate in Palmer?
The unemployment rate in Palmer is 7.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palmer?
12% of adults in Palmer 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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