Tennessee · Census place 56560
Palmer town, TN
Quick answer
Palmer town has 734 residents, ranking #341 of 504 places in Tennessee. Median household income is $41,250, the median home is worth $86,500 and median gross rent runs $573 a month.
- Population
- 734Palmer town residents
- Median household income
- $41,250Past 12 months, inflation adjusted
- Median home value
- $86,500Owner-occupied units
- Median gross rent
- $573Rent plus utilities, monthly
- Median age
- 44.2 yrsAll residents
- Homeownership rate
- 85.9%Owner-occupied households
What the numbers mean in Palmer town
Housing cost measured against local earnings.
A household earning the Palmer town median would spend about 16.7% 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 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 23.6% of residents and 85.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Tennessee.
- Saltillo town 743
- Wartrace town 737
- Niota city 735
- Rarity Bay CDP 728
- Philadelphia city 722
- Russellville CDP 719
- Hollow Rock town 701
Keep going
More Tennessee coverage.