Palmyra, IN
Population 1,271 · Indiana
About Palmyra, IN
Palmyra is a small community in Indiana with a population of 1,271 residents. The median household income is $49,821 per year, which is below the national average. The median age in Palmyra is 34.1 years.
Housing in Palmyra has a median home value of $143,500 and median monthly rent of $717. Of the 559 total housing units, the majority are owner-occupied, with 286 owner-occupied and 227 renter-occupied units.
The unemployment rate in Palmyra is 0.0% and the poverty rate is 15.7%. 8.2% of residents hold a bachelor's degree or higher. The average commute time is 37.2 minutes.
Cost of Living in Palmyra, IN
Compared to national averages, Palmyra has a median household income of $49,821 (34% below the national median of $75,149). Home values average $143,500, which is 41% below the national median. Monthly rent at $717 is 38% below the US average of $1,163. Within Indiana, Palmyra's income is 28% below the state average of $69,330, and home values are 12% below the state median of $163,409.
Why Live in Palmyra, IN?
Palmyra offers affordable housing with a median home value of $143,500, below the US average of $244,900, and rent that’s lower than the national average at $717/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($49,821) that falls below the national average. However, Palmyra’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palmyra has a population of 1,271 with a median age of 34.1 years. Compare Palmyra with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Palmyra
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rome City | 1,271 | $72,054 | $231,300 | Compare |
| Mulberry | 1,266 | $51,719 | $125,500 | Compare |
| Sunman | 1,283 | $72,279 | $188,700 | Compare |
| Prince's Lakes | 1,257 | $93,125 | $228,800 | Compare |
| Woodburn | 1,292 | $60,511 | $122,900 | Compare |
| Grabill | 1,248 | $62,788 | $152,400 | Compare |
| Wanatah | 1,248 | $60,938 | $191,200 | Compare |
| Hudson Lake | 1,245 | $95,116 | $163,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Palmyra
What is the population of Palmyra, IN?
The population of Palmyra, IN is 1,271 according to the latest Census data.
What is the median household income in Palmyra?
The median household income in Palmyra, IN is $49,821 per year.
What is the median home value in Palmyra?
The median home value in Palmyra, IN is $143,500.
What is the average rent in Palmyra?
The median monthly rent in Palmyra, IN is $717.
What is the unemployment rate in Palmyra?
The unemployment rate in Palmyra, IN is 0.0%.