Palmyra, NE
Full City Profile · Nebraska · Otoe County County
Palmyra, NE
At a Glance
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)
Is Palmyra a Good Place to Live?
Economy & Jobs
Palmyra residents earn a median household income of $81,458 , which is 8% above the national average of $75,149. Per capita income is $36,292. The unemployment rate stands at 4.0% (11% above the U.S. rate of 3.6%). 3.9% of residents live below the poverty line. The area is home to 508 business establishments, including 42 restaurants.
Housing & Cost of Living
The median home value in Palmyra is $160,900 , 43% below the national median of $281,900. Zillow estimates the typical home at $347,382. Median rent is $1,143/month, with 23.8% of renters spending more than 30% of income on housing. The cost of living index is 90.1 (100 = national average). The median home was built in 1964.
Education
10.1% of adults in Palmyra hold a bachelor's degree or higher (70% below the national average). 94.0% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Palmyra has an average annual temperature of 51°F (11°C). Winters average 24°F in January while summers reach 76°F in July. Annual precipitation totals 32.3 inches.