Palermo, NJ
Population 2,667 · New Jersey
About Palermo, NJ
Palermo is a small community in New Jersey with a population of 2,667 residents. The median household income is $98,000 per year, which is above the national average. The median age in Palermo is 43.7 years.
Housing in Palermo has a median home value of $393,900 and median monthly rent of $0. Of the 1,259 total housing units, the majority are owner-occupied, with 1,126 owner-occupied and 22 renter-occupied units.
The unemployment rate in Palermo is 0.9% and the poverty rate is 1.7%. 45.9% of residents hold a bachelor's degree or higher. The average commute time is 23.6 minutes.
How Palermo Ranks in New Jersey
Cost of Living in Palermo, NJ
Compared to national averages, Palermo has a median household income of $98,000 (30% above the national median of $75,149). Home values average $393,900, which is 61% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Palermo's income is 15% below the state average of $115,667, and home values are 16% below the state median of $469,644.
Why Live in Palermo, NJ?
Palermo offers a strong local economy with a median household income of $98,000, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features a well-educated community where 45.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.7%, better than the national average, and short commute times averaging just 23.6 minutes.
Potential considerations include a competitive housing market where the typical home costs $393,900. However, Palermo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palermo has a population of 2,667 with a median age of 43.7 years. Compare Palermo with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Palermo
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lakehurst | 2,666 | $80,458 | $225,800 | Compare |
| Seaville | 2,678 | $148,095 | $437,300 | Compare |
| West Belmar | 2,682 | $113,083 | $490,000 | Compare |
| Plainsboro Center | 2,683 | $117,363 | $474,300 | Compare |
| Pemberton Heights | 2,643 | $70,403 | $232,800 | Compare |
| Greenwich CDP (Warren County), New Jersey | 2,615 | $166,977 | $457,500 | Compare |
| Swedesboro | 2,720 | $91,000 | $247,500 | Compare |
| Concordia | 2,724 | $57,063 | $298,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Palermo
What is the population of Palermo, NJ?
The population of Palermo, NJ is 2,667 according to the latest Census data.
What is the median household income in Palermo?
The median household income in Palermo, NJ is $98,000 per year.
What is the median home value in Palermo?
The median home value in Palermo, NJ is $393,900.
What is the average rent in Palermo?
The median monthly rent in Palermo, NJ is $0.
What is the unemployment rate in Palermo?
The unemployment rate in Palermo, NJ is 0.9%.