Palmer, MI
Population 342 · Michigan
About Palmer, MI
Palmer is a small community in Michigan with a population of 342 residents. The median household income is $64,000 per year, which is near the national average. The median age in Palmer is 39 years.
Housing in Palmer has a median home value of $74,700 and median monthly rent of $0. Of the 169 total housing units, the majority are owner-occupied, with 130 owner-occupied and 12 renter-occupied units.
The unemployment rate in Palmer is 5.3% and the poverty rate is 3.5%. 14.8% of residents hold a bachelor's degree or higher. The average commute time is 29.6 minutes.
How Palmer Ranks in Michigan
Cost of Living in Palmer, MI
Compared to national averages, Palmer has a median household income of $64,000 (15% below the national median of $75,149). Home values average $74,700, which is 69% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Palmer's income is 3% below the state average of $66,017, and home values are 59% below the state median of $183,391.
Why Live in Palmer, MI?
Palmer offers affordable housing with a median home value of $74,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 3.5%, better than the national average.
Potential considerations include median household income ($64,000) 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 342 with a median age of 39 years. Compare Palmer with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Palmer
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dowling | 344 | $84,167 | $235,200 | Compare |
| Horton Bay | 352 | $76,833 | $275,000 | Compare |
| Prescott | 352 | $55,673 | $71,100 | Compare |
| Painesdale | 353 | $62,436 | $84,800 | Compare |
| Zeba | 353 | $42,500 | $97,000 | Compare |
| Henderson | 330 | $83,571 | $212,500 | Compare |
| Rosebush | 330 | $32,404 | $102,600 | Compare |
| Canada Creek Ranch | 328 | $72,991 | $177,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
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, MI?
The population of Palmer, MI is 342 according to the latest Census data.
What is the median household income in Palmer?
The median household income in Palmer, MI is $64,000 per year.
What is the median home value in Palmer?
The median home value in Palmer, MI is $74,700.
What is the average rent in Palmer?
The median monthly rent in Palmer, MI is $0.
What is the unemployment rate in Palmer?
The unemployment rate in Palmer, MI is 5.3%.