Palmyra, PA
Population 7,769 · Pennsylvania
About Palmyra, PA
Palmyra is a small town located in Pennsylvania with a population of 7,769 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,018 per year, which is 5% below the national median of $75,149. The median age of 32.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Palmyra features a median home value of $211,900, which is 13% below the national median of $244,900. This positions Palmyra in a moderately priced market relative to the rest of the country. Median monthly rent is $1,058, 9% below the national average of $1,163/month. Of the 3,099 total housing units, 54% are owner-occupied (1,553 units) and 46% are renter-occupied (1,344 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Palmyra shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.8%, above the national average of 12.4%. Workers in Palmyra have an average one-way commute time of 21 minutes.
Education & Demographics
25.7% of Palmyra residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.1% White, 1.0% Hispanic or Latino, 10.6% Black or African American, and 2.6% Asian residents, with 4.5% of the population being foreign-born.
Cost of Living in Palmyra, PA
Compared to national averages, Palmyra has a median household income of $71,018 (5% below the national median of $75,149). Home values average $211,900, which is 13% below the national median. Monthly rent at $1,058 is 9% below the US average of $1,163. Within Pennsylvania, Palmyra's income is 3% below the state average of $73,376, and home values are 11% above the state median of $190,903.
Why Live in Palmyra, PA?
Palmyra offers affordable housing with a median home value of $211,900, below the US average of $244,900, and rent that’s lower than the national average at $1,058/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features short commute times averaging just 21 minutes.
Potential considerations include median household income ($71,018) 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 7,769 with a median age of 32.8 years. Compare Palmyra with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Palmyra
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bradford | 7,738 | $56,330 | $76,400 | Compare |
| Ancient Oaks | 7,731 | $119,419 | $404,700 | Compare |
| Grove City | 7,861 | $56,420 | $165,900 | Compare |
| Middletown | 7,620 | $97,040 | $294,800 | Compare |
| Pittston | 7,618 | $47,525 | $114,900 | Compare |
| Gettysburg | 7,929 | $52,656 | $237,000 | Compare |
| Glenside | 7,941 | $101,050 | $380,300 | Compare |
| Lower Allen | 7,582 | $85,537 | $246,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Palmyra With Other Cities
Frequently Asked Questions about Palmyra
What is the population of Palmyra, PA?
The population of Palmyra, PA is 7,769 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Palmyra?
The median household income in Palmyra, PA is $71,018 per year, which is 5% below the national median of $75,149.
What is the median home value in Palmyra?
The median home value in Palmyra, PA is $211,900, which is 13% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palmyra?
The median monthly rent in Palmyra, PA is $1,058, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Palmyra?
The unemployment rate in Palmyra, PA is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Palmyra, PA a good place to live?
Palmyra offers a moderate cost of living, affordable housing, and a strong job market. With a population of 7,769 and a median age of 32.8, the city appeals to young professionals and families.
How educated is Palmyra, PA?
25.7% of residents in Palmyra aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Palmyra?
Key cost-of-living indicators for Palmyra, PA: median home value is $211,900 (13% below national), median rent is $1,058/month, and median household income is $71,018. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Palmyra?
The poverty rate in Palmyra, PA is 13.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Palmyra, PA?
Palmyra's population is 0.1% White, 1.0% Hispanic or Latino, 10.6% Black or African American, 2.6% Asian, and 1.5% two or more races. 4.5% of residents are foreign-born.