Palmer is a city in Alaska state in USA with a population of 7359 residents.. The poverty rate of Palmer is 12.9%, which is 8% lower than national average. The typical household in Palmer earns $60156 a year, compared to the national median of $67,500. Nearly 41.3% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Palmer, only 93% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Palmer remained 11.9%, which is 153% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Palmer, only 21% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Palmer is 118, which is 18% higher than national average. Median home value in Palmer is $215500 , which is 6% lower than national average. While median income in Palmer remained $60156, which is 11% lower than national average.