Palmyra, WI
Population 2,042 · Wisconsin
About Palmyra, WI
Palmyra is a small town located in Wisconsin with a population of 2,042 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,709 per year, which is 7% above the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Palmyra features a median home value of $194,200, which is 21% 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 $765, 34% below the national average of $1,163/month. Of the 868 total housing units, 66% are owner-occupied (535 units) and 34% are renter-occupied (274 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 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Palmyra have an average one-way commute time of 28.6 minutes.
Education & Demographics
14.2% of Palmyra residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 8.9% White, 0.2% Hispanic or Latino, 1.1% Black or African American, and 0.9% Asian residents, with 1.8% of the population being foreign-born.
Cost of Living in Palmyra, WI
Compared to national averages, Palmyra has a median household income of $80,709 (7% above the national median of $75,149). Home values average $194,200, which is 21% below the national median. Monthly rent at $765 is 34% below the US average of $1,163. Within Wisconsin, Palmyra's income is 11% above the state average of $72,579, and home values are 6% below the state median of $205,802.
Why Live in Palmyra, WI?
Palmyra offers a strong local economy with a median household income of $80,709, well above the national average, and affordable housing with a median home value of $194,200, below the US average of $244,900, and rent that’s lower than the national average at $765/month. Additionally, the city features a strong job market with an unemployment rate of just 2.7%, and a low poverty rate of 11.3%, better than the national average.
Palmyra has a population of 2,042 with a median age of 37.4 years. Compare Palmyra with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Palmyra
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dousman | 2,043 | $87,011 | $371,500 | Compare |
| Clinton | 2,034 | $68,571 | $172,300 | Compare |
| Campbellsport | 2,053 | $74,833 | $197,100 | Compare |
| Schofield | 2,020 | $65,478 | $144,200 | Compare |
| Chetek | 2,017 | $59,554 | $156,500 | Compare |
| Shorewood Hills | 2,067 | $129,688 | $913,200 | Compare |
| Eagle | 2,016 | $109,545 | $310,100 | Compare |
| Hammond | 2,071 | $82,159 | $232,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
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, WI?
The population of Palmyra, WI is 2,042 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Wisconsin.
What is the median household income in Palmyra?
The median household income in Palmyra, WI is $80,709 per year, which is 7% above the national median of $75,149.
What is the median home value in Palmyra?
The median home value in Palmyra, WI is $194,200, which is 21% 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, WI is $765, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Palmyra?
The unemployment rate in Palmyra, WI is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Palmyra, WI a good place to live?
Palmyra offers above-average incomes, affordable housing, and a strong job market. With a population of 2,042 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Palmyra, WI?
14.2% 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, WI: median home value is $194,200 (21% below national), median rent is $765/month, and median household income is $80,709. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Palmyra?
The poverty rate in Palmyra, WI is 11.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Palmyra, WI?
Palmyra's population is 8.9% White, 0.2% Hispanic or Latino, 1.1% Black or African American, 0.9% Asian, and 0.0% two or more races. 1.8% of residents are foreign-born.