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Palmer, AK&

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Population
6,572
1.91% growth
Median Age
30.4
Median Household Income
$59,718
3.36% decline
Poverty Rate
11.1%
Number of Employees
2,788
1.98% growth
Median Property Value
$194,100
0.47% growth

Economy

The economy of Palmer, AK employs 2,788 people. The economy of Palmer, AK is specialized in Mining, Quarrying, Oil, Gas Extraction; Public Admin.; and Agriculture, Forestry, Fishing, Hunting, which employ respectively 6.48; 2.26; and 2.11 times more people than what would be expected in a location of this size. The largest industries in Palmer, AK are Retail trade (433), Healthcare & Social Assistance (421), and Public Admin. (295), and the highest paying industries are Mining, Quarrying, Oil, Gas Extraction ($66,667), Professional, Scientific, Tech Services ($47,917), and Finance & Insurance ($46,607).

Median household income in Palmer, AK is $59,718. Males in Palmer, AK have an average income that is 1.47 times higher than the average income of females, which is $45,491. The income inequality of Palmer, AK (measured using the Gini index) is 0.42 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Palmer, AK. In Matanuska-Susitna Borough, AK the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 48 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $7,027. Bethel Census Area, AK has the highest prevalence of homicides of any county in Alaska.

Coverage

Clinician to Patient Rates

The closest comparable data for the census place of Palmer, AK is from the county of Matanuska-Susitna Borough, AK.

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Diversity

Palmer, AK is home to a population of 6,572 people, from which 98.3% are citizens. The ethnic composition of the population of Palmer, AK is composed of 4,754 White residents (72.3%), 706 Two+ residents (10.7%), 487 Native residents (7.41%), 342 Hispanic residents (5.2%), and 134 Black residents (2.04%). The most common foreign languages in Palmer, AK are Spanish (136 speakers), Other Native North American (72 speakers), and Tagalog (29 speakers), but compared to other places, Palmer, AK has a relative high number of Other Native North American (72 speakers), Other Slavic (14 speakers), and German (28 speakers).

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Education

In 2015 universities in Palmer, AK awarded 8 degrees. The student population of Palmer, AK is skewed away from females, with 6 male students and 2 female students. Most students in Palmer, AK are White (7 and 87.5%), followed by Two or more races (1 and 12.5%), American Indian (0 and N/A), and Hispanic or Latino (0 and N/A). The largest universities in Palmer, AK by number of graduates are Alaska Bible College (8 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Palmer, AK are Biblical Studies (6 and 75%), N/A (N/A and N/A), and N/A (N/A and N/A). The median tuition costs in Palmer, AK are N/A for private four year colleges, and $9,000 and $9,000 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Palmer, AK is $194,100, which is 0.95 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $193,200 to $194,100, a 0.47% increase. The homeownership rate of Palmer, AK is 59.9%, which is lower than the national average of 63.6%. People in Palmer, AK have an average commute time of 29 minutes, and they commute by Drove Alone. Car ownership in Palmer, AK is approximately the same as the national average, with an average of 2 cars per household.

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Keep Exploring

United States
nation
Alaska
state
Matanuska-Susitna Borough
county
Anchorage, AK Metro Area
metropolitan statistical area
Matanuska-Susitna & Kenai Peninsula Boroughs PUMA, AK
public use microdata area
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