Palmyra, NE
Population 642 · Nebraska
About Palmyra, NE
Palmyra is a small community in Nebraska with a population of 642 residents. The median household income is $81,458 per year, which is above the national average. The median age in Palmyra is 31.7 years.
Housing in Palmyra has a median home value of $160,900 and median monthly rent of $1,143. Of the 271 total housing units, the majority are owner-occupied, with 220 owner-occupied and 17 renter-occupied units.
The unemployment rate in Palmyra is 4.0% and the poverty rate is 6.7%. 10.1% of residents hold a bachelor's degree or higher. The average commute time is 30.3 minutes.
Cost of Living in Palmyra, NE
Compared to national averages, Palmyra has a median household income of $81,458 (8% above the national median of $75,149). Home values average $160,900, which is 34% below the national median. Monthly rent at $1,143 is 2% below the US average of $1,163. Within Nebraska, Palmyra's income is 24% above the state average of $65,895, and home values are 28% above the state median of $125,824.
Why Live in Palmyra, NE?
Palmyra offers a strong local economy with a median household income of $81,458, well above the national average, and affordable housing with a median home value of $160,900, below the US average of $244,900, and rent that’s lower than the national average at $1,143/month. Additionally, the city features a low poverty rate of 6.7%, better than the national average.
Palmyra has a population of 642 with a median age of 31.7 years. Compare Palmyra with other cities to see how it stacks up, or explore all cities in Nebraska.
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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, NE?
The population of Palmyra, NE is 642 according to the latest Census data.
What is the median household income in Palmyra?
The median household income in Palmyra, NE is $81,458 per year.
What is the median home value in Palmyra?
The median home value in Palmyra, NE is $160,900.
What is the average rent in Palmyra?
The median monthly rent in Palmyra, NE is $1,143.
What is the unemployment rate in Palmyra?
The unemployment rate in Palmyra, NE is 4.0%.