Kentucky / Marshall County

Moving to Palma, KY

Thinking of making a move to Palma, KY? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Palma, KY

Considering a move to Palma, KY? This welcoming community of 950 residents offers a blend of suburban charm and convenience, with median home prices around $127,000 and average rents near $725. Commute times average 23 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (60% annually), ideal for families and commuters alike. Explore Palma's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Palma, KY

Palma has a population of 950 residents, offering a diverse community with a median age of nearly 44 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 93% White, 3% Black, and 0% Asian residents, and over 3% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
950
Density
85 per sq mi
Median Age
44.2
Gender Ratio
96 males per 100 females
Non-English Speakers Percentage
2.5%

Ethnic Composition

White
93.1%
Black
2.6%
Asian
0.4%
Others
3.9%

Cost Of Living

What is the average cost of living in Palma, KY?

The cost of living in Palma is higher than the national average, with a cost of living index of 82.7. Median home values are around $127,000 and average rents for a two-bedroom apartment are approximately $725. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$127,000
Gross Rent
$725
Monthly Electricity Charges
$125
Auto Insurance
$1,220
House Owner Cost With Mortgage
$1,050
House Owner Cost Without Mortgage
$410
State Taxes
Low: 2.0%| High: 5.0%
Cost Of Living Index
82.7
Grocery
91.4
Housing
62.0
Utilities
99.6
Transportation
82.2
Health Care
85.0
Miscellaneous
88.0

Crime

Is Palma, KY a safe place to live?

Palma is considered a safe community, with a low violent crime rate of 83 incidents per 100,000 residents and a property crime chance of 1 in 133. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Kentucky.

Violent Crimes Per 100k
83
Property Crimes Per 100k
754
Crime Index
837
Chance Of Violent Crime
1 in 1,205
Chance Of Property Crime
1 in 133

Weather

What is the weather like in Palma, KY year-round?

Palma experiences four distinct seasons, with warm summers reaching highs of 89°F and cold winters dipping to 27°F. The area receives about 51 inches of rainfall annually and enjoys sunshine on 60% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
27°F
Max
46°F

Summer

Min
65°F
Max
89°F

Spring

Min
48°F
Max
72°F

Fall

Min
50°F
Max
74°F
Average Rainfall Inches
51.0 inches
Sunny Days Percentage
60%

Neighbors

The neighborhood boasts a healthy median household income of $46,900 and a low poverty rate of 16.1%. Over 87% of residents have at least a high school diploma, and nearly 15% hold a bachelor's degree or higher. Commute times average 23 minutes, and almost 0% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$28,400
Household Income
$46,900
Family Income
$58,200
Per Capita Income
$24,600
Income Male
$34,200
Income Female
$25,500
Poverty Rate
16.1%
Non English Speakers
2.5%
Rent
$725
Unemployment Rate
4.9%
Public Transport Usage
0.4%
Commute Time
22.8 minutes

Education

High School or Higher
86.7%
Bachelors or More
15.2%

Education

How are the schools in Palma, KY?

Palma offers quality education options, with public schools like Symsonia Elementary School and Graves County High School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including West Kentucky Community and Technical College and Murray State University. The community is committed to educational excellence for all age groups.

Public Schools

Name
Symsonia Elementary School
Street
11730 State Route 131, Symsonia, KY 42082
Phone
270-674-4870
Students
410
Student Teacher Ratio
15.1
Name
Graves County High School
Street
1220 Eagles Way, Mayfield, KY 42066
Phone
270-674-6242
Students
1,200
Student Teacher Ratio
16.2

Private Schools

Name
Northside Baptist Christian School
Street
611 Depot St, Mayfield, KY 42066
Phone
270-247-6620
Students
130

Colleges

Name
West Kentucky Community and Technical College
City
Paducah
State
KY
Distance
18 miles
Students
6,200
Name
Murray State University
City
Murray
State
KY
Distance
36 miles
Students
9,500

Healthcare

Palma residents have access to quality healthcare, with major hospitals like Jackson Purchase Medical Center and Mercy Health - Lourdes Hospital nearby. The community benefits from a high physician-to-resident ratio of 1.8 per 1,000 people and 91.5% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Jackson Purchase Medical Center
Address
1099 Medical Center Cir, Mayfield, KY 42066
Phone
(270) 251-4100
Type
General & Surgical
Emergency Services
Yes
Name
Mercy Health - Lourdes Hospital
Address
1530 Lone Oak Rd, Paducah, KY 42003
Phone
(270) 444-2444
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
1.8
Health Insurance Coverage
91.5%
Health Care Index
65.3

Housing Market

What is the housing market like in Palma, KY?

The local housing market is strong, with a median home price of $127,000 and an owner-occupied rate of nearly 77%. The market has seen a 3.2% appreciation over the past year, and rental vacancy rates remain moderate at 8.2%. Palma offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$127,000
Average Rent For 2 Bedroom
$725
Owner Occupied Rate
77.3%
Rental Vacancy Rate
8.2%
Home Appreciation Rate (1yr)
3.2%
New Construction Rate
0.4%
Foreclosure Rate
0.7%

DMV Information

Residents of Palma handle vehicle services through the Kentucky Transportation Cabinet – Division of Driver Licensing, conveniently located in Frankfort. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Kentucky
Department
Kentucky Transportation Cabinet – Division of Driver Licensing
Address
200 Mero St, Frankfort, KY 40622
Phone
1-502-564-1257

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Palma, KY

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Palma, review the core fields on this page: population 950, median home value $127,000, average rent for 2 bedroom $725, commute time 22.8 minutes, and sunny days percentage 60%.

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