Palermo CDP, New Jersey Demographics & Population 2026

Population Overview

Palermo CDP is a small community located in New Jersey. The total population is 2,667. It ranks as the 412th most populous out of 700 cities and towns in New Jersey.

Age Demographics

The median age in Palermo CDP is 43.7 years. This is 9% higher than the state median of 40.1 years. 17.5% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Palermo CDP is $98,000. This is 3% lower than the state median of $101,050. Compared to the national median of $78,538, household income here is 25% higher. The poverty rate stands at 1.7%. This is 83% lower than the state poverty rate of 9.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.9%. This is 86% lower than the state rate of 6.2%. The median home value is $393,900. Housing costs are 8% lower than the state median of $427,600. The home-value-to-income ratio is 4.0x. 98.1% of occupied housing units are owner-occupied. This homeownership rate is 54% higher than the state average of 63.7%.

Race & Ethnicity

Palermo CDP has a predominantly White (non-Hispanic) population, comprising 96.4% of all residents. Hispanic or Latino residents account for 2.4%. The White (non-Hispanic) population is significantly higher than the state average (96.4% vs 51.9%). The Hispanic or Latino population (2.4%) is well below the state average of 21.9%. The Asian population (0.3%) is well below the state average of 9.8%.

Education

45.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 7% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.9%.

Data Sources & Methodology

All demographic data for Palermo CDP, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.