What is the median household income in Palmer Township, MN?
The median household income in Palmer Township, MN is $120,625 (±$19,562) a year (2020–2024 American Community Survey).
In Palmer Township, the median household income went from $81,550 in 2015–2019 to $120,625 in 2020–2024 (+47.9%).
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
- $120,625 (±$19,562)
- Median renter income
- $250,000 or more
Income in Palmer Township against Sherburne County, its state and the nation
| Palmer Township | Sherburne County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $120,625 (±$19,562) | $105,466 (±$3,880) | $89,062 (±$409) | $80,734 |
| Median renter household income | $250,000 or more | $50,816 (±$5,875) | $51,080 (±$531) | $52,966 |
| Median owner household income | $120,583 (±$19,824) | $120,053 (±$5,134) | $108,214 (±$476) | $100,009 |
| Median gross rent | — | $1,127 (±$57) | $1,280 (±$7) | $1,413 |
In Palmer Township, median household income is not measurably different from Sherburne County ($105,466).
It is also higher than in Minnesota ($89,062).
It is higher than the national figure ($80,734).
In Sherburne County, Palmer Township ranks 5 of 15 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 225 of 2,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $81,550 (±$8,950) | $120,625 (±$19,562) | +47.9% | No measurable change after inflation |
| Median home value | $261,800 (±$8,757) | $382,700 (±$20,955) | +46.2% | 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 Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Palmer Township | — | $120,625 (±$19,562) | — |
| Clear Lake | 5.4 mi | $105,625 (±$29,472) | Not measurably different |
| St. George Township | 5.5 mi | $111,417 (±$15,277) | Not measurably different |
| Santiago Township | 5.7 mi | $114,318 (±$12,216) | Not measurably different |
| Clear Lake Township | 6.0 mi | $90,938 (±$22,384) | Not measurably different |
| Haven Township | 6.1 mi | $104,167 (±$13,660) | Not measurably different |
| Minden Township | 8.6 mi | $76,250 (±$9,727) | Lower |
| Clearwater | 8.8 mi | $91,346 (±$20,573) | Lower |
| Becker Township (Sherburne County) | 9.0 mi | $120,917 (±$24,985) | Not measurably different |
Nearby places with a measurably lower figure: Minden Township, MN ($76,250), Clearwater, MN ($91,346).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Sherburne County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Livonia Township | $137,000 (±$12,997) |
| 2 | Orrock Township | $126,107 (±$26,378) |
| 3 | Big Lake Township | $123,077 (±$15,945) |
| 4 | Becker Township (Sherburne County) | $120,917 (±$24,985) |
| 5 | Palmer Township | $120,625 (±$19,562) |
| 6 | Big Lake | $120,549 (±$9,655) |
| 7 | Santiago Township | $114,318 (±$12,216) |
| 8 | Elk River | $108,741 (±$13,753) |
| 9 | Blue Hill Township | $108,113 (±$9,141) |
| 10 | Baldwin Township | $106,015 (±$6,050) |
| 11 | Clear Lake | $105,625 (±$29,472) |
Showing 11 of 15 places in Sherburne 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 Township
What is the median household income in Palmer Township?
The median household income in Palmer Township is $120,625 (±$19,562) a year (2020–2024 American Community Survey).
Have incomes in Palmer Township kept up with inflation?
In Palmer Township, the median household income went from $81,550 in 2015–2019 to $120,625 in 2020–2024 (+47.9%).
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 Township?
The median renting household in Palmer Township, MN earns $250,000 or more a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Palmer township, Sherburne County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Palmer township, Sherburne County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palmer township, Sherburne County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Palmer township, Sherburne County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Palmer township, Sherburne County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Palmer township, Sherburne County, Minnesota
- 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 township, Sherburne County, Minnesota (county subdivision:49534, in state:27 county:141).
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
- Housing in Palmer Township at a glance
- Home values in Palmer Township
- Homeowner costs in Palmer Township
- Property taxes in Palmer Township
- Types of homes in Palmer Township
- Bedrooms in Palmer Township
- Age of homes in Palmer Township
- Heating fuel in Palmer Township
- Commute and cars in Palmer Township
- Population growth in Palmer Township
- How long people stay in Palmer Township
- Minnesota landlord and tenant rules
- Housing across Sherburne County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota