Palmyra, NJ

Full City Profile · New Jersey · Philadelphia County County

3.4 /5.0
B Good
7,447 Population 4,025/sq mi density
$85,014 Median Income $44,529 per capita
$216,600 Home Value $314,179 Zillow
$1,680 Median Rent 31.4% income on rent
56°F Avg Temperature
147 Violent Crime/100K 1,931 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$85,014 median income, 5.7% unemployment
A+
Affordability
5.0 / 5.0
$216,600 home value, $1,680/mo rent
F
Safety
1.0 / 5.0
147 violent crimes/100K
B
Education
3.4 / 5.0
29.7% bachelor's degree or higher

Palmyra, NJ

At a Glance

Median Income
$85,014
13% above
$44,529 per capita
Home Value
$216,600
23% below
Zillow: $314,179
Median Rent
$1,680/mo
44% above
31.4% of income on rent
Violent Crime
147/100K
61% below
1,931/100K property
Bachelor's Degree+
29.7%
12% below
94.6% high school+
Unemployment
5.7%
58% above
4.4% poverty rate
Obesity Rate
31.7%
1% below
13.2% smoking rate
Avg Temperature
56°F

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)

Income
113%
Home Value
77%
Rent
144%
Poverty
35%
Bachelor's
88%
Unemployment
158%
Crime
39%
Thin vertical line = U.S. national average (100%)

Is Palmyra a Good Place to Live?

B
3.4 / 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 $85,014 , which is 13% above the national average of $75,149. Per capita income is $44,529. The unemployment rate stands at 5.7% (58% above the U.S. rate of 3.6%). 4.4% of residents live below the poverty line. The area is home to 33,641 business establishments, including 3,941 restaurants.

Housing & Cost of Living

The median home value in Palmyra is $216,600 , 23% below the national median of $281,900. Zillow estimates the typical home at $314,179. Median rent is $1,680/month, with 31.4% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1956.

Safety & Crime

Palmyra reports 147 violent crimes per 100,000 residents , which is 61% below the national average of 380/100K. Property crime is 1,931/100K.

Education

29.7% of adults in Palmyra hold a bachelor's degree or higher (12% below the national average). 94.6% have completed high school. Local schools score 6.2/10 in standardized testing.

Climate & Weather

Palmyra has an average annual temperature of 56°F (14°C). Winters average 34°F in January while summers reach 79°F in July. Annual precipitation totals 45.0 inches.

Data Overview

People

Population7,447
Median Age42.7 yrs
Density4,025/mi²
Male / Female50% / 50%
Foreign Born7.8%
Veterans6.1%

Economy

A
Median Income$85,014
Per Capita$44,529
Unemployment5.7%
Poverty4.4%
County GDP$134,989M
Avg Weekly Wage$1,600

Housing

A+
Home Value$216,600
Rent$1,680
Ownership69.6%
Zillow$314,179
Housing Units3,413
Rent Burden31.4%

Crime

F
Violent147/100K
Property1,931/100K

Health

Obesity31.7%
Diabetes9.1%
Smoking13.2%
Heart Disease4.9%
Premature Death11,854/100K

Climate

Avg Temp56°F
Rain45.0 in/yr
Elevation7 ft

Education

B
Bachelor's+29.7%
High School+94.6%
Graduate+6.1%
School Score6.2/10

Community

2024 VoteR 20% / D 79%
Commute25 min
Broadband90.3%
Internet Speed239 Mbps
EV Stations2
Libraries53

Did You Know?

Palmyra was founded in 1894.
The median home in Palmyra was built in 1956.
The nearest airport is South Jersey Regional (11 miles).
The Gini coefficient (income inequality) is 0.518 (U.S. avg: 0.490).
Natural hazard risk is rated "Very High" by FEMA.
15.0% of the population has a disability.
Average internet download speed is 239 Mbps.
There are 3,941 restaurants in the area.
The county recorded 133 fatal vehicle crashes.