Living in Palmyra, Missouri
Cost of living, income, home prices, rent and demographics of Palmyra · Census data 2020–2024
Palmyra has 3,623 residents with a median age of 37.8. The median household income is $69,922 (about the same as the Missouri median), the median home value is $184,200, the median rent is $843/month.
Palmyra at a glance
- Population
- 3,623
- Median age
- 37.8State: 39
- Median household income
- $69,922State: $70,702
- Median home value
- $184,200State: $230,300
- Median rent
- $843/moState: $1,033
- Homeowners
- 72.4%
- Bachelor's degree or higher
- 27.4%
- Average commute
- 17 min
Is Palmyra a good place to live?
Pros: Home values 20% lower than the state median; an average commute of 17 minutes; unemployment of 3.2%; a poverty rate of 5.4%.
Cons: Median household income about the same as the Missouri median.
The weather is best in May–June and August–September.
Cost of living in Palmyra
Housing is the biggest part of the cost of living. In Palmyra the median home value is $184,200, 45% lower than the U.S. median. Renters pay a median of $843 per month, which is 19.5% of household income. Homeowners with a mortgage pay $1,311 a month in housing costs.
Palmyra median household income
The median household income in Palmyra is $69,922 and the income per person is $32,060. 5.4% of residents live below the poverty line (Missouri: 12.6%).
Housing in Palmyra: homes for sale and rent
- Housing units
- 1,640
- Owner-occupied
- 72.4%
- Renter-occupied
- 27.6%
- Vacant
- 13.7%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.46
Palmyra demographics
- Population
- 3,623
- Median age
- 37.8
- Under 18
- 24.9%
- 65 and older
- 19.3%
- Households
- 1,415
- Foreign-born
- 0.7%
- Veterans
- 11.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Palmyra ›
Education in Palmyra
27.4% of adults 25 and older in Palmyra have a bachelor's degree or higher (Missouri: 32.4%), and 10.7% have a graduate or professional degree.
Jobs and commute in Palmyra
- Unemployment rate
- 3.2%State: 4%
- Average commute
- 17 minState: 24 min
- Work from home
- 8.8%
- Drive alone
- 79.6%
- Public transit
- 0%
- Walk to work
- 4.5%
- Homes with broadband
- 91.9%
Palmyra vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palmyra | 3,623 | $69,922 | $184,200 | $843 |
| Rensselaer | 243 | $77,750 | $190,600 | — |
| Hannibal | 16,771 | $53,721 | $127,700 | $805 |
| Philadelphia | 219 | $51,375 | $99,100 | — |
| Quincy | 39,109 | $56,480 | $153,200 | $837 |
| Monroe City | 3,028 | $55,737 | $159,300 | $668 |
| Payson | 1,100 | $60,478 | $132,000 | $768 |
| New London | 1,130 | $63,021 | $134,100 | $755 |
| Burton | 149 | $108,125 | $138,500 | — |
More for people moving to Palmyra
Palmyra ZIP code ›Weather and climate ›Living in Palmyra: FAQ
What is the median household income in Palmyra, MO?
The median household income in Palmyra is $69,922, about the same as the Missouri median of $70,702 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palmyra?
The median home value in Palmyra is $184,200, compared with $230,300 in Missouri.
How much is rent in Palmyra?
The median gross rent in Palmyra is $843 per month, about 19.5% of household income.
Is Palmyra, MO a good place to live?
Pluses: home values 20% lower than the state median; an average commute of 17 minutes; unemployment of 3.2%; a poverty rate of 5.4%. Minuses: median household income about the same as the Missouri median.
What is the median age in Palmyra?
The median age in Palmyra is 37.8 years (Missouri: 39).
How long is the commute in Palmyra?
The average commute to work in Palmyra is 17 minutes; 8.8% of workers work from home.
What is the unemployment rate in Palmyra?
The unemployment rate in Palmyra is 3.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palmyra?
27.4% of adults in Palmyra have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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