Living in Palmyra, Utah
Cost of living, income, home prices, rent and demographics of Palmyra · Census data 2020–2024
Palmyra has 301 residents with a median age of 57.2. The median household income is $97,188 (about the same as the Utah median), the median home value is $687,500.
Palmyra is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Palmyra at a glance
- Population
- 301
- Median age
- 57.2State: 32
- Median household income
- $97,188State: $95,166
- Median home value
- $687,500State: $489,400
- Homeowners
- 71.6%
- Bachelor's degree or higher
- 22.3%
- Average commute
- 30 min
Is Palmyra a good place to live?
Pros: Median household income about the same as the Utah median.
Cons: Home values 40% higher than the state median; an average commute of 30 minutes; unemployment of 8.4%.
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 $687,500, 107% higher than the U.S. median. Renters pay a median of — per month, which is 11.3% of household income. Homeowners with a mortgage pay $3,107 a month in housing costs.
Palmyra median household income
The median household income in Palmyra is $97,188 and the income per person is $37,608. 0% of residents live below the poverty line (Utah: 8.5%).
Housing in Palmyra: homes for sale and rent
- Housing units
- 155
- Owner-occupied
- 71.6%
- Renter-occupied
- 28.4%
- Vacant
- 34.2%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.95
34.2% of homes are vacant most of the year, a sign that Palmyra has many vacation and second homes.
Palmyra demographics
- Population
- 301
- Median age
- 57.2
- Under 18
- 6%
- 65 and older
- 35.9%
- Households
- 102
- Foreign-born
- 5%
- Veterans
- 2.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Palmyra ›
Education in Palmyra
22.3% of adults 25 and older in Palmyra have a bachelor's degree or higher (Utah: 37.7%), and 4.3% have a graduate or professional degree.
Jobs and commute in Palmyra
- Unemployment rate
- 8.4%State: 3.6%
- Average commute
- 30 minState: 22 min
- Work from home
- 0%
- Drive alone
- 78.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Palmyra vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palmyra | 301 | $97,188 | $687,500 | — |
| Lake Shore | 1,129 | $99,058 | $713,200 | $1,117 |
| Spanish Fork | 44,946 | $104,844 | $481,500 | $1,489 |
| Benjamin | 864 | $69,632 | $687,500 | $1,401 |
| Springville | 35,849 | $89,816 | $454,400 | $1,572 |
| Salem | 10,324 | $111,117 | $605,700 | $1,592 |
| Mapleton | 13,114 | $133,142 | $745,200 | $1,386 |
| Payson | 23,039 | $89,905 | $429,600 | $1,549 |
| West Mountain | 1,282 | $111,791 | $658,100 | — |
More for people moving to Palmyra
Palmyra ZIP code ›Weather and climate ›Living in Palmyra: FAQ
What is the median household income in Palmyra, UT?
The median household income in Palmyra is $97,188, about the same as the Utah median of $95,166 (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 $687,500, compared with $489,400 in Utah.
Is Palmyra, UT a good place to live?
Pluses: median household income about the same as the Utah median. Minuses: home values 40% higher than the state median; an average commute of 30 minutes; unemployment of 8.4%.
What is the median age in Palmyra?
The median age in Palmyra is 57.2 years (Utah: 32).
How long is the commute in Palmyra?
The average commute to work in Palmyra is 30 minutes; 0% of workers work from home.
What is the unemployment rate in Palmyra?
The unemployment rate in Palmyra is 8.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palmyra?
22.3% 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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