At a Glance
Median Income
$49,821
$22,623 per capita
Home Value
$143,500
Zillow: $237,265
Median Rent
$717/mo
36.1% of income on rent
Bachelor's Degree+
8.2%
84.0% high school+
Unemployment
0.0%
11.3% poverty rate
Obesity Rate
42.6%
17.6% smoking rate
How Palmyra Compares to the U.S. Average
Each bar shows Palmyra's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Palmyra a Good Place to Live?
B+
3.5 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Palmyra residents earn a median household income of $49,821 , which is 34% below the national average of $75,149.
Per capita income is $22,623. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 11.3% of residents live below the poverty line. The area is home to 488 business establishments, including 33 restaurants.
Housing & Cost of Living
The median home value in Palmyra is $143,500 , 49% below the national median of $281,900.
Zillow estimates the typical home at $237,265. Median rent is $717/month, with 36.1% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1982.
Education
8.2% of adults in Palmyra hold a bachelor's degree or higher
(76% below the national average).
84.0% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Palmyra has an average annual temperature of 55°F (13°C).
Winters average 33°F in January while summers reach 76°F in July. Annual precipitation totals 46.9 inches.
Data Overview
People
Population1,271
Median Age34.1 yrs
Density1,059/mi²
Male / Female49% / 51%
Foreign Born0.3%
Veterans7.1%
Economy
B+
Median Income$49,821
Per Capita$22,623
Unemployment0.0%
Poverty11.3%
County GDP$1,000M
Avg Weekly Wage$846
Housing
A+
Home Value$143,500
Rent$717
Ownership55.8%
Zillow$237,265
Housing Units605
Rent Burden36.1%
Health
Obesity42.6%
Diabetes10.4%
Smoking17.6%
Heart Disease5.8%
Premature Death13,005/100K
Climate
Avg Temp55°F
Rain46.9 in/yr
Elevation769 ft
Education
D
Bachelor's+8.2%
High School+84.0%
Graduate+3.4%
School Score5.8/10
Community
2024 VoteR 77% / D 22%
Commute37 min
Broadband76.6%
Internet Speed105 Mbps
EV Stations1
Libraries1
Did You Know?
The median home in Palmyra was built in 1982.
The nearest airport is Louisville Muhammad Ali International (26 miles).
The Gini coefficient (income inequality) is 0.409 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
23.4% of the population has a disability.
Average internet download speed is 105 Mbps.
The county recorded 9 fatal vehicle crashes.