Palmer, IL
Population 233 · Illinois
About Palmer, IL
Palmer is a small community in Illinois with a population of 233 residents. The median household income is $52,917 per year, which is near the national average. The median age in Palmer is 50.2 years.
Housing in Palmer has a median home value of $80,400 and median monthly rent of $744. Of the 106 total housing units, the majority are owner-occupied, with 89 owner-occupied and 10 renter-occupied units.
The unemployment rate in Palmer is 0.9% and the poverty rate is 13.7%. 6.2% of residents hold a bachelor's degree or higher. The average commute time is 24 minutes.
How Palmer Ranks in Illinois
Cost of Living in Palmer, IL
Compared to national averages, Palmer has a median household income of $52,917 (30% below the national median of $75,149). Home values average $80,400, which is 67% below the national median. Monthly rent at $744 is 36% below the US average of $1,163. Within Illinois, Palmer's income is 30% below the state average of $75,072, and home values are 52% below the state median of $165,779.
Why Live in Palmer, IL?
Palmer offers affordable housing with a median home value of $80,400, below the US average of $244,900, and rent that’s lower than the national average at $744/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features short commute times averaging just 24 minutes.
Potential considerations include median household income ($52,917) that falls below the national average. However, Palmer’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palmer has a population of 233 with a median age of 50.2 years. Compare Palmer with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Palmer
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Parkersburg | 233 | $42,417 | $54,300 | Compare |
| Lima | 231 | $71,250 | $89,200 | Compare |
| Coatsburg | 230 | $68,750 | $69,500 | Compare |
| Lake Ka-Ho | 236 | $43,750 | $57,200 | Compare |
| Middletown | 236 | $52,857 | $66,300 | Compare |
| Pulaski | 230 | $31,290 | $84,400 | Compare |
| Cave-In-Rock | 229 | $26,563 | $0 | Compare |
| Ellsworth | 229 | $73,438 | $123,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Palmer
What is the population of Palmer, IL?
The population of Palmer, IL is 233 according to the latest Census data.
What is the median household income in Palmer?
The median household income in Palmer, IL is $52,917 per year.
What is the median home value in Palmer?
The median home value in Palmer, IL is $80,400.
What is the average rent in Palmer?
The median monthly rent in Palmer, IL is $744.
What is the unemployment rate in Palmer?
The unemployment rate in Palmer, IL is 0.9%.