292, passed on June 16, 1948, the barrio of Placer was constituted as its own municipality, separate from Cataingan.

At the time of its creation, Placer included the entire present-day municipality of Esperanza, which was then a barrio of Placer (its largest barrio).

In the 2020 census, the population of Placer, Masbate, was 56,340 people,[3] with a density of 290 inhabitants per square kilometre or 750 inhabitants per square mile.

Placer is one of the only four municipalities in Masbate which is dominantly Cebuano-speaking, the other being the adjacent municipalities of Esperanza; Esperanza separated from Placer in 1959.,[12] Pio V. Corpuz, and Cawayan.

Poverty Incidence of Placer Source: Philippine Statistics Authority[13][14][15][16][17][18][19][20]