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Palmyra, Pennsylvania

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
7,755
Population
$77,469
Median Income
$227,500
Home Value
34.1
Median Age

Demographics

Palmyra has a population of 7,755 with a median age of 34.1. Here is the racial and ethnic breakdown of the population:

White
79.3%
Hispanic
13.9%
Other
3.5%
Asian
2.0%
Black
1.3%
Demographic Value
Total Population7,755
Median Age34.1
White79.3%
Black or African American1.3%
Asian2.0%
Hispanic or Latino13.9%
Other / Two or More Races3.5%
Palmyra, Pennsylvania — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 79.3%Hispanic/Latino: 13.9%Other: 3.5%Asian: 2.0%Other: 1.3%7,755PopulationWhiteWhite79.3%Hispanic/LatinoHispanic/Latino13.9%OtherOther3.5%AsianAsian2.0%OtherOther1.3%

Income & Economy

The median household income in Palmyra is $77,469, which is 3.9% below the national median of $80,610. The per capita income is $36,934. The poverty rate is 11.6%.

$77,469
Median Household Income
$36,934
Per Capita Income
11.6%
Poverty Rate

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Education

In Palmyra, 93.3% of residents age 25+ have a high school diploma or higher, and 29.5% hold a bachelor's degree or higher (10.9% with a graduate or professional degree).

HS Diploma+
93.3%
Bachelor's+
29.5%
Graduate+
10.9%
Education Level % of Adults (25+)
High School Diploma or Higher93.3%
Bachelor's Degree or Higher29.5%
Graduate or Professional Degree10.9%

Housing

The median home value in Palmyra is $227,500, below the national median of $303,400. The median monthly rent is $1,084. The homeownership rate is 58.0%.

$227,500
Median Home Value
$1,084/mo
Median Rent
58.0%
Homeownership Rate
Housing Metric Value
Median Home Value$227,500
Median Monthly Rent$1,084
Homeownership Rate58.0%
Vacancy Rate4.9%

Salaries in Pennsylvania

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Frequently Asked Questions

What is the population of Palmyra, Pennsylvania?
The population of Palmyra, Pennsylvania is 7,755 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Palmyra, Pennsylvania?
The median household income in Palmyra, Pennsylvania is $77,469. This is 3.9% below the national median of $80,610.
What is the median home value in Palmyra, Pennsylvania?
The median home value in Palmyra, Pennsylvania is $227,500. The median monthly rent is $1,084.
What percentage of people in Palmyra have a college degree?
In Palmyra, Pennsylvania, 29.5% of adults age 25 and older hold a bachelor's degree or higher, and 93.3% have a high school diploma or higher.
Is Palmyra, Pennsylvania an affordable place to live?
The home price-to-income ratio in Palmyra, Pennsylvania is 2.9x (median home value $227,500 vs. median income $77,469), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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