Living in Palmyra, Nebraska
Cost of living, income, home prices, rent and demographics of Palmyra · Census data 2020–2024
Palmyra has 589 residents with a median age of 30.7. The median household income is $85,139 (11% higher than the Nebraska median), the median home value is $164,500, the median rent is $1,188/month.
Palmyra is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Palmyra at a glance
- Population
- 589
- Median age
- 30.7State: 37.2
- Median household income
- $85,139State: $76,475
- Median home value
- $164,500State: $238,600
- Median rent
- $1,188/moState: $1,072
- Homeowners
- 94.4%
- Bachelor's degree or higher
- 12.9%
- Average commute
- 30 min
Is Palmyra a good place to live?
Pros: Median household income 11% higher than the Nebraska median; home values 31% lower than the state median; a poverty rate of 6.6%.
Cons: An average commute of 30 minutes; unemployment of 4.8%.
The weather is best in May–June and September–October.
Cost of living in Palmyra
Housing is the biggest part of the cost of living. In Palmyra the median home value is $164,500, 51% lower than the U.S. median. Renters pay a median of $1,188 per month, which is 47.5% of household income. Homeowners with a mortgage pay $1,244 a month in housing costs.
Palmyra median household income
The median household income in Palmyra is $85,139 and the income per person is $34,952. 6.6% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Palmyra: homes for sale and rent
- Housing units
- 251
- Owner-occupied
- 94.4%
- Renter-occupied
- 5.6%
- Vacant
- 15.1%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.77
Palmyra demographics
- Population
- 589
- Median age
- 30.7
- Under 18
- 28.5%
- 65 and older
- 10.9%
- Households
- 213
- Foreign-born
- 0.8%
- Veterans
- 10.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Palmyra ›
Education in Palmyra
12.9% of adults 25 and older in Palmyra have a bachelor's degree or higher (Nebraska: 34.6%), and 3.3% have a graduate or professional degree.
Jobs and commute in Palmyra
- Unemployment rate
- 4.8%State: 3%
- Average commute
- 30 minState: 19 min
- Work from home
- 14.5%
- Drive alone
- 81.4%
- Public transit
- 0%
- Walk to work
- 0.3%
- Homes with broadband
- 94.8%
Palmyra vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palmyra | 589 | $85,139 | $164,500 | $1,188 |
| Woodland Hills | 205 | $138,646 | $452,400 | — |
| Bennet | 1,218 | $105,859 | $272,400 | $1,260 |
| Unadilla | 329 | $70,000 | $139,600 | — |
| Douglas | 269 | $71,250 | $120,400 | $725 |
| Eagle | 1,259 | $76,875 | $172,800 | $1,104 |
| Panama | 232 | $94,514 | $197,800 | $1,313 |
| Elmwood | 774 | $76,944 | $194,800 | $743 |
| Walton | 579 | $48,088 | $464,000 | — |
More for people moving to Palmyra
Palmyra ZIP code ›Weather and climate ›Living in Palmyra: FAQ
What is the median household income in Palmyra, NE?
The median household income in Palmyra is $85,139, 11% higher than the Nebraska median of $76,475 (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 $164,500, compared with $238,600 in Nebraska.
How much is rent in Palmyra?
The median gross rent in Palmyra is $1,188 per month, about 47.5% of household income.
Is Palmyra, NE a good place to live?
Pluses: median household income 11% higher than the Nebraska median; home values 31% lower than the state median; a poverty rate of 6.6%. Minuses: an average commute of 30 minutes; unemployment of 4.8%.
What is the median age in Palmyra?
The median age in Palmyra is 30.7 years (Nebraska: 37.2).
How long is the commute in Palmyra?
The average commute to work in Palmyra is 30 minutes; 14.5% of workers work from home.
What is the unemployment rate in Palmyra?
The unemployment rate in Palmyra is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palmyra?
12.9% 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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