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Palmer is considered a Small Town with a population of 7,209 and 2,519 businesses. 12 in 2018 were added to the Palmer Chamber of Commerce business directory which was less than 2017 which had 22.

The economy of Palmer employs 4,376 people and has an unemployment rate of 9.8%. Some of the largest industries in Palmer are Professional Services (133),Builders & Contractors (92), and Personal Services & Consultants (51).
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