Palmyra, MO
Population 3,620 · Missouri
About Palmyra, MO
Palmyra is a small community in Missouri with a population of 3,620 residents. The median household income is $69,211 per year, which is near the national average. The median age in Palmyra is 37.5 years.
Housing in Palmyra has a median home value of $165,000 and median monthly rent of $852. Of the 1,648 total housing units, the majority are owner-occupied, with 1,019 owner-occupied and 389 renter-occupied units.
The unemployment rate in Palmyra is 2.3% and the poverty rate is 10.1%. 27.9% of residents hold a bachelor's degree or higher. The average commute time is 18.5 minutes.
Cost of Living in Palmyra, MO
Compared to national averages, Palmyra has a median household income of $69,211 (8% below the national median of $75,149). Home values average $165,000, which is 33% below the national median. Monthly rent at $852 is 27% below the US average of $1,163. Within Missouri, Palmyra's income is 13% above the state average of $61,047, and home values are 9% above the state median of $150,786.
Why Live in Palmyra, MO?
Palmyra offers affordable housing with a median home value of $165,000, below the US average of $244,900, and rent that’s lower than the national average at $852/month, and a strong job market with an unemployment rate of just 2.3%. Additionally, the city features a low poverty rate of 10.1%, better than the national average, and short commute times averaging just 18.5 minutes.
Potential considerations include median household income ($69,211) 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 3,620 with a median age of 37.5 years. Compare Palmyra with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Palmyra
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Moscow Mills | 3,647 | $68,451 | $186,900 | Compare |
| Northwoods | 3,654 | $40,787 | $72,300 | Compare |
| Frontenac | 3,669 | $225,813 | $1,004,500 | Compare |
| El Dorado Springs | 3,545 | $31,982 | $83,700 | Compare |
| Whiteman AFB | 3,713 | $60,250 | $0 | Compare |
| Hillsboro | 3,483 | $65,278 | $206,200 | Compare |
| Malden | 3,818 | $38,786 | $88,900 | Compare |
| New Haven | 3,389 | $69,701 | $187,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Palmyra, MO is 3,620 according to the latest Census data.
What is the median household income in Palmyra?
The median household income in Palmyra, MO is $69,211 per year.
What is the median home value in Palmyra?
The median home value in Palmyra, MO is $165,000.
What is the average rent in Palmyra?
The median monthly rent in Palmyra, MO is $852.
What is the unemployment rate in Palmyra?
The unemployment rate in Palmyra, MO is 2.3%.