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Palmyra, Missouri

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
3,623
Population
$69,922
Median Income
$184,200
Home Value
37.8
Median Age

Demographics

Palmyra has a population of 3,623 with a median age of 37.8. Here is the racial and ethnic breakdown of the population:

White
83.1%
Other
8.6%
Black
5.1%
Hispanic
3.1%
Demographic Value
Total Population3,623
Median Age37.8
White83.1%
Black or African American5.1%
Asian0.1%
Hispanic or Latino3.1%
Other / Two or More Races8.6%
Palmyra, Missouri — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 83.1%Other: 8.6%Black: 5.1%Hispanic/Latino: 3.1%Other: 0.1%3,623PopulationWhiteWhite83.1%OtherOther8.6%BlackBlack5.1%Hispanic/LatinoHispanic/Latino3.1%OtherOther0.1%

Income & Economy

The median household income in Palmyra is $69,922, which is 13.3% below the national median of $80,610. The per capita income is $32,060. The poverty rate is 5.4%.

$69,922
Median Household Income
$32,060
Per Capita Income
5.4%
Poverty Rate

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Education

In Palmyra, 94.6% of residents age 25+ have a high school diploma or higher, and 27.4% hold a bachelor's degree or higher (10.7% with a graduate or professional degree).

HS Diploma+
94.6%
Bachelor's+
27.4%
Graduate+
10.7%
Education Level % of Adults (25+)
High School Diploma or Higher94.6%
Bachelor's Degree or Higher27.4%
Graduate or Professional Degree10.7%

Housing

The median home value in Palmyra is $184,200, below the national median of $303,400. The median monthly rent is $843. The homeownership rate is 72.4%.

$184,200
Median Home Value
$843/mo
Median Rent
72.4%
Homeownership Rate
Housing Metric Value
Median Home Value$184,200
Median Monthly Rent$843
Homeownership Rate72.4%
Vacancy Rate13.7%

Salaries in Missouri

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Other Cities in Missouri

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Frequently Asked Questions

What is the population of Palmyra, Missouri?
The population of Palmyra, Missouri is 3,623 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Palmyra, Missouri?
The median household income in Palmyra, Missouri is $69,922. This is 13.3% below the national median of $80,610.
What is the median home value in Palmyra, Missouri?
The median home value in Palmyra, Missouri is $184,200. The median monthly rent is $843.
What percentage of people in Palmyra have a college degree?
In Palmyra, Missouri, 27.4% of adults age 25 and older hold a bachelor's degree or higher, and 94.6% have a high school diploma or higher.
Is Palmyra, Missouri an affordable place to live?
The home price-to-income ratio in Palmyra, Missouri is 2.6x (median home value $184,200 vs. median income $69,922), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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