Palmer, TN
Population 734 · Tennessee
About Palmer, TN
Palmer is a small community in Tennessee with a population of 734 residents. The median household income is $41,250 per year, which is below the national average. The median age in Palmer is 44.2 years.
Housing in Palmer has a median home value of $86,500 and median monthly rent of $573. Of the 291 total housing units, the majority are owner-occupied, with 214 owner-occupied and 35 renter-occupied units.
The unemployment rate in Palmer is 3.9% and the poverty rate is 23.6%. 2.6% of residents hold a bachelor's degree or higher. The average commute time is 39 minutes.
How Palmer Ranks in Tennessee
Cost of Living in Palmer, TN
Compared to national averages, Palmer has a median household income of $41,250 (45% below the national median of $75,149). Home values average $86,500, which is 65% below the national median. Monthly rent at $573 is 51% below the US average of $1,163. Within Tennessee, Palmer's income is 34% below the state average of $62,849, and home values are 60% below the state median of $214,371.
Why Live in Palmer, TN?
Palmer offers affordable housing with a median home value of $86,500, below the US average of $244,900, and rent that’s lower than the national average at $573/month.
Potential considerations include median household income ($41,250) 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 734 with a median age of 44.2 years. Compare Palmer with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Palmer
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Niota | 735 | $46,188 | $112,500 | Compare |
| Wartrace | 737 | $57,917 | $181,800 | Compare |
| Rarity Bay | 728 | $82,143 | $654,500 | Compare |
| Saltillo | 743 | $64,236 | $112,000 | Compare |
| Bethel Springs | 746 | $40,592 | $110,800 | Compare |
| Philadelphia | 722 | $68,618 | $118,800 | Compare |
| Russellville | 719 | $47,214 | $96,000 | Compare |
| Rockford | 750 | $66,786 | $247,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
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, TN?
The population of Palmer, TN is 734 according to the latest Census data.
What is the median household income in Palmer?
The median household income in Palmer, TN is $41,250 per year.
What is the median home value in Palmer?
The median home value in Palmer, TN is $86,500.
What is the average rent in Palmer?
The median monthly rent in Palmer, TN is $573.
What is the unemployment rate in Palmer?
The unemployment rate in Palmer, TN is 3.9%.