Palmer, IL
241Residents
$49,500Median household income
$740/moMedian gross rent
$82,900Median home value
53.3Median age
9%Adults with a bachelor’s degree or higher
88%Homes lived in by their owners
1.7×Home value to household income
Median rent takes about 18% of the median household income in Palmer.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $30,000 a year. In Illinois that leaves roughly $2,067 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.