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Palmer, IL 62556 has a population of approximately 282 and experiences a population change rate of -32.54%. The population density is 13.2 / sq mi .
The median household income for Palmer, IL 62556 is $47,708, with 131 households and an average household size of 2.49.
The median value of a home in Palmer, IL 62556 is $93,400 with an appreciation rate of 11.60%. 90.00% of housing in the state is owned while 3.57% is rented.
The cost of living in Palmer, IL 62556 is 87.7 %.
The unemployment rate in Palmer, IL 62556 is 4.60%, and recent job growth is at -0.38%. Future job growth is projected at 26.62%.
The sales tax rate in Palmer, IL 62556 is 7.25%, while the income tax rate is 4.95% .
School expenditures in Palmer, IL 62556 are $14,643, and the school ratio is 13.8:1.
The average high temperature in July is 86.5 degrees, with an average low temperature in January of 18.8 degrees. The average rainfall is approximately 39.2 inches per year, with 17.8 inches of snow per year.