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CITY

Palermo

New Jersey · 2,696 residents · 3.112 sq mi
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The short version

Palermo is wealthier than most US places, with a median household income of $101,005. Population has held roughly steady since 2023. 47% of adults hold a bachelor's degree or higher. Median home value is $395,400. With a median age of 47.4, the population is older than the US median of 38.9. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 47.4
US median: 38.9
More educated
47% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,696
+1%since 2023
from 2,667 in 2023
2020 – 2024
Population density
866 / sq mi
+1%since 2023
from 857 / sq mi in 2023
US average: 281
Median age
47.4
+8%since 2023
from 43.7 in 2023
US average: 38.9
Population, 2020 – 2024
3K3K3K3K3K20202024Palermo
20243K
20202024
Section 02

Income & economy

Median household income
$101,005
Unchangedinflation adjusted, since 2023
from $98,000 in 2023
US average: $82,259
2020 – 2024
Per capita income
$50,836
+4%since 2023
from $48,770 in 2023
US average: $44,673
Households earning $100K+
65.2%
+4.1 ptssince 2023
from 61.1% in 2023
US average: 53.3%
Poverty rate
2.0%
+0.4 ptssince 2023
from 1.7% in 2023
US average: 12.5%
Income inequality (Gini)
0.346
+4%since 2023
from 0.334 in 2023
US average: 0.476
Workforce by industry, 2024
Other services11.9%
US avg: 6.7%
Wholesale trade8.3%
US avg: 6.9%
Information7.4%
US avg: 10.8%
Public administration6%
US avg: 4.8%
Finance & insurance4.1%
US avg: 5.9%
Education & health services3.1%
US avg: 0.9%
Arts, entertainment, food2.4%
US avg: 1.9%
Retail trade2%
US avg: 9.9%
Transportation & warehousing1.9%
US avg: 2.2%
Agriculture, forestry, fishing1.4%
US avg: 1.6%
Construction1.4%
US avg: 1.2%
Professional, scientific, technical0.9%
US avg: 5.1%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$395,400
−2%inflation adjusted, since 2023
from $393,900 in 2023
US average: $376,019
2020 – 2024
Owner-occupied
97.9%
−0.2 ptssince 2023
from 98.1% in 2023
2.1% rent
Vacancy rate
8.8%
Unchangedsince 2023
from 8.8% in 2023
US average: 10.0%
Owner cost-burdened
21.3%
−0.8 ptssince 2023
from 22.1% in 2023
US average: 22.9%
Renter cost-burdened
28.0%
+0.7 ptssince 2023
from 27.3% in 2023
US average: 47.4%
Afford Score
3.9
−3%since 2023
from 4.0 in 2023
2020 – 2024
RELATED:See current rent listings in Palermo on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic96.4%(2,572)
Black0%(0)
Hispanic / Latino2.4%(63)
Asian0.3%(9)
Other0.9%(23)
Diversity Score8.7%(231)
2024
White, non-Hispanic96%(2,588)
Black0%(0)
Hispanic / Latino3.1%(84)
Asian0.1%(4)
Other0.7%(20)
Diversity Score9.7%(261)
Diversity Score
10
+12%since 2023
from 9 in 2023
2020 – 2024
Section 05

Education

Bachelor's degree or higher
46.9%
+1.0 ptssince 2023
from 45.9% in 2023
US average: 35.6%
High school or higher
98.6%
−0.2 ptssince 2023
from 98.9% in 2023
US average: 89.6%
Graduate degree
16.1%
+1.6 ptssince 2023
from 14.5% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
23.9 min
+2%since 2023
from 23.6 min in 2023
US average: 26.5
Drive alone to work
89.6%
+5.6 ptssince 2023
from 84.0% in 2023
US average: 68.9%
Carpooled to work
2.0%
−0.1 ptssince 2023
from 2.1% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
8.5%
−5.4 ptssince 2023
from 13.9% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
0.4%
−0.3 ptssince 2023
from 0.7% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.8%
−0.1 ptssince 2023
from 0.9% in 2023
US average: 5.2%
Labor force participation
56.0%
−2.0 ptssince 2023
from 58.0% in 2023
US average: 63.5%
Self-employed
22.5%
−1.8 ptssince 2023
from 24.3% in 2023
US average: 13.1%
Management & professional
46.4%
+1.2 ptssince 2023
from 45.2% in 2023
US average: 42.5%
Section 08

People & community

Male
51.0%
+0.4 ptssince 2023
from 50.6% in 2023
Female
49.0%
−0.4 ptssince 2023
from 49.4% in 2023
Foreign born
1.8%
+0.2 ptssince 2023
from 1.6% in 2023
US average: 14.1%
Veterans
7.8%
−1.0 ptssince 2023
from 8.8% in 2023
US average: 6.2%
With a disability
12.6%
+1.2 ptssince 2023
from 11.4% in 2023
US average: 13.3%
Uninsured
0.4%
−0.1 ptssince 2023
from 0.5% in 2023
US average: 8.4%
Broadband at home
97.3%
+2.6 ptssince 2023
from 94.7% in 2023
US average: 91.0%
English only at home
96.0%
−0.5 ptssince 2023
from 96.4% in 2023
US average: 77.7%
Spanish at home
2.0%
Unchangedsince 2023
from 2.0% in 2023
US average: 13.6%
Drill deeper

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PALERMO VS
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PALERMO VS
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PALERMO VS
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Frequently asked

How many people live in Palermo, New Jersey?

Palermo, New Jersey has about 2,696 residents according to the 2024 American Community Survey.

What is the median household income in Palermo, New Jersey?

The typical household in Palermo, New Jersey earns about $101,005 a year. Half of households make more than that, and half make less.

Is Palermo, New Jersey expensive?

In Palermo, New Jersey, the median home is worth about $395,400.

How educated are people in Palermo, New Jersey?

About 46.9% of adults age 25 and over in Palermo, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Palermo, New Jersey?

About 2.0% of people in Palermo, New Jersey live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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