Palarm Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Palarm, Arkansas? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Palarm, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Palarm is $65,465.00.

The chart below shows the average household income by age in Palarm.

  • Under 25
    $0.00
  • 25 to 44
    $79,228.00
  • 45 to 64
    $65,042.00
  • 65 and over
    $40,690.00

Average Household Income

A very commonly asked question is "what is the average household income in Palarm, Arkansas?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Palarm is $76,125.00.

2.33% of households in Palarm, Arkansas are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Palarm but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Palarm

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Palarm, Arkansas easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    21.10%
  • $25,000 to $49,999
    12.23%
  • $50,000 to $74,999
    23.70%
  • $75,000 to $99,999
    13.04%
  • $100,000 to $149,999
    19.86%
  • $150,000 to $199,999
    7.74%
  • $200,000 or more
    2.33%

Per Capita Income

The per capita income is the average income of all people in Palarm, Arkansas. This is calculated by dividing the total income of all people in Palarm by the total number of people in Palarm.

It differs from the average or mean household income because it includes all people in Palarm and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Palarm, Arkansas is $31,183.00.

Population in Palarm by Race and Ethnicity

The total population in Palarm is currently 4,584 people.

The race and ethnicity of the population in Palarm can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Palarm, Arkansas.

  • 1.10% White
    49
  • 98.50% Black/African American
    4,516
  • 95.80% Native
    4,390
  • 1.90% Hispanic
    88
  • 2.30% Asian
    104
  • 0.00% Hawaiian/Pacific Islander
    0
  • 0.00% Two or more races
    0
  • 0.00% Other
    0

Population of Palarm by Age and Gender

Another very important demographics statistic for Palarm, Arkansas is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 324 296
10 to 19 Years 260 169
20 to 29 Years 167 366
30 to 39 Years 373 280
40 to 49 Years 385 271
50 to 59 Years 306 481
60 to 69 Years 282 174
70 Years and over 191 259

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Palarm, Arkansas.

  • Master's degree or higher
    14.65%
  • Bachelor's degree
    27.56%
  • Some college or associate's degree
    9.38%
  • High school diploma or equivalent
    43.99%
  • Less than high school diploma
    4.42%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Palarm because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Palarm look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Palarm, Arkansas that are over the age of 16.

The current population in Palarm that are over the age of 16 is 3,726 people.

The unemployment rate in Palarm is 5.70%, which means 117 people are unemployed.

Median Age in Palarm

The median age is an interesting metric because it gives us an idea of the age distribution of people in Palarm, Arkansas. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Palarm is 42.3 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Palarm

42.3

Total

42.2

Male

44.4

Female

Households and Families

There are a total of 1,848 households in Palarm, and the average household size is 2.47 people.

For families, the total number is 1,265, and the average family size is 3.09 people.

5.50% of those families in Palarm, Arkansas are living below the poverty line.

The table below shows the poverty thresholds for Palarm in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Palarm, Arkansas for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 1,031 123 111 583
Average Household Size 3.25 2.54 2.41 1.1
Total Families 1,031 123 111 0
Average Household Size 3.25 2.36 2.41 0

Housing Data in Palarm

There are total of 1,960 housing units in Palarm, Arkansas. Of those units, 1,848 (94.29%) are occupied, and 112 (5.71%) are vacant.

Rental Rates

Of the 1,960 housing units in Palarm, 216 (11.02%) are occupied by renters. The median rent paid by renters is $563.00.

Owner occupied housing units make up the remaining 82.55% of housing units, with 1,618 housing units in total.

The table below breaks down how much rent is paid by renters in Palarm, Arkansas.

  • No rent paid
    14
  • Less than $500
    75
  • $500 to $999
    104
  • $1,000 to $1,499
    37
  • $1,500 to $1,999
    0
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Values

The median value of a property in Palarm is $179,100.00.

The table below breaks down the range of valuations for all properties in Palarm.

  • Less than $50,000
    277
  • $50,000 to $99,999
    202
  • $100,000 to $149,999
    208
  • $150,000 to $199,999
    260
  • $200,000 to $299,999
    471
  • $300,000 to $499,999
    157
  • $500,000 to $999,999
    34
  • $1,000,000 or more
    9

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Palarm, Arkansas.

  • 1939 or earlier
    7
  • 1940 to 1949
    26
  • 1950 to 1959
    69
  • 1960 to 1969
    150
  • 1970 to 1979
    42
  • 1980 to 1989
    410
  • 1990 to 1999
    468
  • 2000 to 2009
    534
  • 2010 to 2013
    204
  • 2014 or later
    50

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Palarm has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    74
  • 1 vehicle available
    309
  • 2 vehicles available
    665
  • 3 or more vehicles available
    800

Commuting to Work in Palarm

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Palarm, Arkansas, how they commute, and how that correlates to other data points.

The average travel time is 28.1 minutes, and the chart below covers the range of travel times across the population of Palarm.

  • Less than 5 minutes
    18
  • 5 to 9 minutes
    25
  • 10 to 14 minutes
    221
  • 15 to 19 minutes
    334
  • 20 to 24 minutes
    353
  • 25 to 29 minutes
    136
  • 30 to 34 minutes
    205
  • 35 to 39 minutes
    46
  • 40 to 44 minutes
    76
  • 45 to 59 minutes
    305
  • 60 to 89 minutes
    156
  • 90 or more minutes
    0

We can also look at the means of transport in Palarm to see which modes of transport people are using to commute to work.

  • Drove alone
    1,697
  • Carpooled
    176
  • Public transportation
    0
  • Walked
    0
  • Other means
    2
  • Worked from home
    167

Conclusion

Hopefully this article has given you the demographics data you were looking for in Palarm, Arkansas.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Palarm.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "Palarm Average Income, Population and Demographics". NameCensus.com. Accessed on June 18, 2024. https://namecensus.com/demographics/arkansas/faulkner-county/palarm/.

  • "Palarm Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/arkansas/faulkner-county/palarm/. Accessed 18 June, 2024

  • Palarm Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/arkansas/faulkner-county/palarm/.