Palmer, MI Profile: Facts & Data

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Palmer, Michigan - Basic Facts

The Palmer Census Designated Place had a population of 431 as of July 1, 2020. Palmer ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Palmer is located at latitude 46.4408 and longitude -87.5932 in Marquette County. The formal boundaries for the Palmer Census Designated Place encompass a land area of 0.59 sq. miles and a water area of 0 sq. miles. Marquette County is in the Eastern time zone (GMT -5). The elevation is 1,302 feet.

The Palmer Census Designated Place (GNIS ID: 2393176) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Palmer Census Designated Place is located within Township of Richmond, a minor civil division (MCD) of Marquette County.


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Palmer, MI Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 431 (100%)
Population in Households 426 (98.8%)
Population in Families 345 (80.0%)
Population in Group Quarters1 5 ( 1.2%)
Population Density 727
Diversity Index2 11
 
 

INCOME

Median Household Income $52,686
Average Household Income $60,492
% of Income for Mortgage4 7%
Per Capita Income $25,951
Wealth Index5 52
 

HOUSING

Total HU (Housing Units) 190 (100%)
Owner Occupied HU 155 (81.6%)
Renter Occupied HU 25 (13.2%)
Vacant Housing Units 10 ( 5.3%)
Median Home Value $87,162
Average Home Value $128,084
Housing Affordability Index3 350
 

HOUSEHOLDS

Total Households 180
Average Household Size 2.37
Family Households 123
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.3% 0.18%
Households 0.5% 0.33%
Families 0.16% 0.16%
Median Household Income   1.81%
Per Capita Income   2.41%
Owner Occupied HU   0.26%

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Palmer, MI - Peer Comparisons by Rank and Percentile

The table below compares Palmer to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 561 19th
Population Density # 434 37th
Median Household Income # 329 53rd
Housing Affordability Index # 686 99th
Per Capita Income # 372 46th
Diversity Index # 570 17th

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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