Illinois · Census place 57303
Palmer village, IL
Quick answer
Palmer village has 233 residents, ranking #1160 of 1462 places in Illinois. Median household income is $52,917, the median home is worth $80,400 and median gross rent runs $744 a month.
- Population
- 233Palmer village residents
- Median household income
- $52,917Past 12 months, inflation adjusted
- Median home value
- $80,400Owner-occupied units
- Median gross rent
- $744Rent plus utilities, monthly
- Median age
- 50.2 yrsAll residents
- Homeownership rate
- 89.9%Owner-occupied households
What the numbers mean in Palmer village
Housing cost measured against local earnings.
A household earning the Palmer village median would spend about 16.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.7% of residents and 89.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
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