Median Income
$51,429
household / year
Median Home Value
$95,000
owner-occupied
Median Rent
$775
gross / month
Cost of Living
87
national avg = 100

Is Palmer, NE a Good Place to Live?

Palmer is a small town of 377 in Nebraska, with a median household income of $51,429 and a 0.4% unemployment rate. Its cost of living index is 87 (US average = 100), which is 13% below the national average.

Strengths: Palmer stands out for an affordable cost of living, below-average home prices, solid school ratings (B), short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Palmer is right for you depends on your priorities — the full breakdown is below.

All Palmer city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 87.3

Palmer's overall cost of living index is 87.3, where 100 represents the US national average. Living in Palmer costs roughly 13% less than the average American city.

Metric Palmer, NE National Avg
Median Home Value $95,000 $244,900
Median Monthly Rent $775 $1,163
Homeownership Rate 86.0% 65.9%
Median Household Income $51,429 $74,755

Crime & Safety

Crime data for Palmer is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Palmer is served primarily by PALMER PUBLIC SCHOOLS. The student-to-teacher ratio is 12.4:1 (better than the national average of ~16:1).

Metric Palmer, NE National Avg
School District PALMER PUBLIC SCHOOLS
Elementary Schools 1
Middle Schools N/A
High Schools 1
Student/Teacher Ratio 12.4:1 16:1
Bachelor's Degree or Higher 16.4% 35.4%
High School Diploma or Higher 96.7% 91.1%

Weather & Climate

Palmer sees average highs of 35.4°F in January and 88.8°F in July, with 26.3 inches of annual precipitation and 22.4 inches of snow per year.

MetricPalmer, NE
Average High — January35.4°F
Average High — July88.8°F
Annual Precipitation26.3"
Annual Snowfall22.4"

Demographics

MetricPalmer, NENational Avg
Population377
Median Age41.338.9
Unemployment Rate0.4%3.7%
Avg Commute Time24.4 min26 min
White (non-Hispanic)95.5%59.3%
Black or African American0.0%13.6%
Hispanic or Latino0.5%18.9%
Asian1.1%6.3%
Under 1819.1%22.2%
65 and over16.2%16.8%

Nearby Cities

ZIP Codes in Palmer

Palmer, NE is covered by 1 ZIP code:

Palmer vs Other Cities

Frequently Asked Questions

Palmer's cost of living index is 87, where 100 is the national average. That makes Palmer roughly 13% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $95,000 and median rent is $775/month.
Crime data for Palmer is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
Public schools in Palmer are operated by PALMER PUBLIC SCHOOLS. The district has 1 elementary, several middle, and 1 high schools. The student-to-teacher ratio is 12.4:1. 16.4% of adults 25+ hold a bachelor's degree or higher.
Palmer, NE has a population of 377, a median household income of $51,429, and an unemployment rate of 0.4%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Palmer averages 35.4°F in January and 88.8°F in July. Annual rainfall is 26.3 inches with about 22.4 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Palmer, NE is covered by 1 ZIP code: 68864.
The population of Palmer, Nebraska is 377 with a median age of 41.3. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Palmer: cost of living index 87 (100 = US average), median home $95,000, median household income $51,429, schools rated B. Whether these are benefits or drawbacks depends on where you're coming from — compare Palmer side by side with your current city to see the trade-offs.