Palmyra, UT
Population 346 · Utah
About Palmyra, UT
Palmyra is a small community in Utah with a population of 346 residents. The median household income is $92,857 per year, which is above the national average. The median age in Palmyra is 47.4 years.
Housing in Palmyra has a median home value of $583,300 and median monthly rent of $1,500. Of the 122 total housing units, the majority are owner-occupied, with 84 owner-occupied and 38 renter-occupied units.
The unemployment rate in Palmyra is 9.2% and the poverty rate is 0.0%. 9.4% of residents hold a bachelor's degree or higher. The average commute time is 34 minutes.
Cost of Living in Palmyra, UT
Compared to national averages, Palmyra has a median household income of $92,857 (24% above the national median of $75,149). Home values average $583,300, which is 138% above the national median. Monthly rent at $1,500 is 29% above the US average of $1,163. Within Utah, Palmyra's income is 5% above the state average of $88,715, and home values are 37% above the state median of $426,386.
Why Live in Palmyra, UT?
Palmyra offers a strong local economy with a median household income of $92,857, well above the national average, and a low poverty rate of 0.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $583,300. However, Palmyra’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palmyra has a population of 346 with a median age of 47.4 years. Compare Palmyra with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Palmyra
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Deweyville | 345 | $87,500 | $411,500 | Compare |
| Wales | 345 | $75,625 | $340,600 | Compare |
| Castle Valley | 348 | $44,464 | $359,700 | Compare |
| Teasdale | 352 | $72,708 | $606,800 | Compare |
| Brighton | 353 | $143,563 | $664,500 | Compare |
| New Harmony | 353 | $82,663 | $495,000 | Compare |
| Alta | 337 | $0 | $2,000,001 | Compare |
| Torrey | 332 | $74,423 | $371,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Utah
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, UT?
The population of Palmyra, UT is 346 according to the latest Census data.
What is the median household income in Palmyra?
The median household income in Palmyra, UT is $92,857 per year.
What is the median home value in Palmyra?
The median home value in Palmyra, UT is $583,300.
What is the average rent in Palmyra?
The median monthly rent in Palmyra, UT is $1,500.
What is the unemployment rate in Palmyra?
The unemployment rate in Palmyra, UT is 9.2%.