What is the median household income in Palmer Town, MA?
The median household income in Palmer Town, MA is $78,480 (±$7,854) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,075 a month would take about $43,000 a year at the common guideline of spending no more than 30% of income on rent.
In Palmer Town, the median household income went from $64,651 in 2015–2019 to $78,480 in 2020–2024 (+21.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $78,480 (±$7,854)
- Median renter income
- $33,412 (±$11,738)
- Income to afford median rent
- about $43,000
Income in Palmer Town against Hampden County, its state and the nation
| Palmer Town | Hampden County | Massachusetts | United States | |
|---|---|---|---|---|
| Median household income | $78,480 (±$7,854) | $71,306 (±$1,758) | $103,960 (±$527) | $80,734 |
| Median renter household income | $33,412 (±$11,738) | $36,774 (±$1,012) | $60,987 (±$576) | $52,966 |
| Median owner household income | $86,033 (±$8,947) | $99,457 (±$2,943) | $135,402 (±$770) | $100,009 |
| Median gross rent | $1,075 (±$103) | $1,136 (±$23) | $1,762 (±$9) | $1,413 |
In Palmer Town, median household income is not measurably different from Hampden County ($71,306).
It is also lower than in Massachusetts ($103,960).
It is not measurably different from the national figure ($80,734).
In Hampden County, Palmer Town ranks 19 of 23 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 310 of 349.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Palmer Town
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,075 a month ($12,900 a year) needs an income of about $43,000 a year.
The median renting household in Palmer Town earns $33,412 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $64,651 (±$10,828) | $78,480 (±$7,854) | +21.4% | No measurable change after inflation |
| Median gross rent | $962 (±$81) | $1,075 (±$103) | +11.7% | No measurable change after inflation |
| Median home value | $197,000 (±$12,883) | $271,400 (±$21,289) | +37.8% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Palmer Town
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Palmer Town | — | $78,480 (±$7,854) | — |
| Ware (community) | 5.2 mi | $45,158 (±$11,141) | Lower |
| Warren | 5.5 mi | $66,082 (±$5,763) | Lower |
| Ware | 6.1 mi | $67,475 (±$15,499) | Not measurably different |
| Monson Center | 6.3 mi | $64,563 (±$25,562) | Not measurably different |
| Warren (community) | 6.5 mi | $40,365 (±$15,880) | Lower |
| Monson | 6.6 mi | $96,688 (±$13,868) | Higher |
| Brimfield | 6.7 mi | $111,250 (±$21,930) | Higher |
| Belchertown (community) | 7.6 mi | $77,428 (±$8,846) | Not measurably different |
Nearby places with a measurably lower figure: Ware (community), MA ($45,158), Warren, MA ($66,082), Warren (community), MA ($40,365).
Nearby places with a measurably higher figure: Monson, MA ($96,688), Brimfield, MA ($111,250).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Hampden County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 13 | Chester | $89,390 (±$5,795) |
| 14 | Wales | $89,006 (±$5,959) |
| 15 | Westfield | $87,753 (±$5,590) |
| 16 | Agawam Town | $85,421 (±$6,702) |
| 17 | Ludlow | $84,838 (±$6,856) |
| 18 | Granville | $84,375 (±$13,658) |
| 19 | Palmer Town | $78,480 (±$7,854) |
| 20 | West Springfield Town | $69,371 (±$7,051) |
| 21 | Chicopee | $62,615 (±$6,340) |
| 22 | Holyoke | $53,605 (±$3,395) |
| 23 | Springfield | $52,656 (±$2,452) |
Showing 11 of 23 places in Hampden County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Palmer Town
What is the median household income in Palmer Town?
The median household income in Palmer Town is $78,480 (±$7,854) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Palmer Town?
About $43,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,075 a month.
Have incomes in Palmer Town kept up with inflation?
In Palmer Town, the median household income went from $64,651 in 2015–2019 to $78,480 in 2020–2024 (+21.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Palmer Town?
The median renting household in Palmer Town, MA earns $33,412 (±$11,738) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Palmer Town city, Massachusetts
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Palmer Town city, Massachusetts
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palmer Town city, Massachusetts
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Palmer Town city, Massachusetts
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Palmer Town city, Massachusetts
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Palmer Town city, Massachusetts
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Palmer Town city, Massachusetts (place:52144, in state:25).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Median rent in Palmer Town
- Rent by bedrooms in Palmer Town
- Rent burden in Palmer Town
- Renters and owners in Palmer Town
- Home values in Palmer Town
- Homeowner costs in Palmer Town
- Property taxes in Palmer Town
- Types of homes in Palmer Town
- Bedrooms in Palmer Town
- Age of homes in Palmer Town
- Vacancy rate in Palmer Town
- Heating fuel in Palmer Town
- Commute and cars in Palmer Town
- Crime reported to police in Palmer Town
- Population growth in Palmer Town
- How long people stay in Palmer Town
- Crowding and facilities in Palmer Town
- Massachusetts landlord and tenant rules
- Housing across Hampden County
- Massachusetts places ranked by median household income
- Housing data for every place in Massachusetts