Palmer, IA
Population 114 · Iowa
About Palmer, IA
Palmer is a small community in Iowa with a population of 114 residents. The median household income is $60,625 per year, which is near the national average. The median age in Palmer is 52.8 years.
Housing in Palmer has a median home value of $36,500 and median monthly rent of $0. Of the 106 total housing units, the majority are owner-occupied, with 72 owner-occupied and 6 renter-occupied units.
The unemployment rate in Palmer is 3.6% and the poverty rate is 31.6%. 12.0% of residents hold a bachelor's degree or higher. The average commute time is 27 minutes.
How Palmer Ranks in Iowa
Cost of Living in Palmer, IA
Compared to national averages, Palmer has a median household income of $60,625 (19% below the national median of $75,149). Home values average $36,500, which is 85% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Palmer's income is 11% below the state average of $67,947, and home values are 72% below the state median of $132,237.
Why Live in Palmer, IA?
Palmer offers affordable housing with a median home value of $36,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 3.6%.
Potential considerations include median household income ($60,625) 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 114 with a median age of 52.8 years. Compare Palmer with other cities to see how it stacks up, or explore all cities in Iowa.
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Other Cities in Iowa
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, IA?
The population of Palmer, IA is 114 according to the latest Census data.
What is the median household income in Palmer?
The median household income in Palmer, IA is $60,625 per year.
What is the median home value in Palmer?
The median home value in Palmer, IA is $36,500.
What is the average rent in Palmer?
The median monthly rent in Palmer, IA is $0.
What is the unemployment rate in Palmer?
The unemployment rate in Palmer, IA is 3.6%.