Palmyra, NJ
Population 7,447 · New Jersey
About Palmyra, NJ
Palmyra is a small community in New Jersey with a population of 7,447 residents. The median household income is $85,014 per year, which is above the national average. The median age in Palmyra is 42.7 years.
Housing in Palmyra has a median home value of $216,600 and median monthly rent of $1,680. Of the 3,406 total housing units, the majority are owner-occupied, with 2,285 owner-occupied and 998 renter-occupied units.
The unemployment rate in Palmyra is 5.7% and the poverty rate is 8.9%. 29.7% of residents hold a bachelor's degree or higher. The average commute time is 25.2 minutes.
Cost of Living in Palmyra, NJ
Compared to national averages, Palmyra has a median household income of $85,014 (13% above the national median of $75,149). Home values average $216,600, which is 12% below the national median. Monthly rent at $1,680 is 44% above the US average of $1,163. Within New Jersey, Palmyra's income is 27% below the state average of $115,667, and home values are 54% below the state median of $469,644.
Why Live in Palmyra, NJ?
Palmyra offers a strong local economy with a median household income of $85,014, well above the national average, and affordable housing with a median home value of $216,600, below the US average of $244,900, and a low poverty rate of 8.9%, better than the national average.
Palmyra has a population of 7,447 with a median age of 42.7 years. Compare Palmyra with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Palmyra
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Haddon Heights | 7,488 | $126,055 | $354,700 | Compare |
| Berlin | 7,503 | $101,008 | $310,000 | Compare |
| Washington | 7,287 | $79,280 | $260,200 | Compare |
| Mystic Island | 7,616 | $71,917 | $290,000 | Compare |
| Rumson | 7,265 | $250,001 | $1,609,400 | Compare |
| Yorketown | 7,265 | $163,375 | $575,700 | Compare |
| Emerson | 7,263 | $153,963 | $626,000 | Compare |
| Wharton | 7,254 | $92,548 | $348,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
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, NJ?
The population of Palmyra, NJ is 7,447 according to the latest Census data.
What is the median household income in Palmyra?
The median household income in Palmyra, NJ is $85,014 per year.
What is the median home value in Palmyra?
The median home value in Palmyra, NJ is $216,600.
What is the average rent in Palmyra?
The median monthly rent in Palmyra, NJ is $1,680.
What is the unemployment rate in Palmyra?
The unemployment rate in Palmyra, NJ is 5.7%.