Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.8 yrs |
|---|---|
| Avg HH Size | 2.62 |
| Below Poverty | 20.5% ▲ 105% above avg |
| College Grads | 21.0% ▼ 46% below avg |
| Unemployment | 8.3% ▲ 69% above avg |
| No HS Diploma | 13 (1.5%) |
| HS Graduate | 434 (48.8%) |
| Some College | 147 (16.5%) |
| Associates | 109 (12.2%) |
| Bachelors | 71 (8%) |
| Graduate Degree | 116 (13%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $54,196 ▼ 29% below avg |
|---|---|
| Median Home Value | $102,600 ▼ 63% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $695/mo |
| Total Housing Units | 693 |
| Vacant Units | 190 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palmyra is a city in Illinois, located in Macoupin County. The city spans 1 ZIP code and is home to approximately 1,319 residents. It is a mature city, with a median age of 46.8 years.
Economically, Palmyra is a working-class community. The median household income of $54,196 is below the national average. Approximately 20.5% of residents live below the poverty line. The unemployment rate is 8.3%, significantly above the national average.
The real estate market in Palmyra is one of the more affordable housing markets in the country. Median home values stand at $102,600, which is well below the national average. Renters typically pay around $695 per month. Homeownership is high at 79.1%, typical of suburban and family-oriented communities.
The population of Palmyra is less-educated. 21.0% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (98.71%).
Palmyra, IL offers residents a cost-conscious lifestyle within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 62674 | 1,319 | $54,196 | $102,600 | $695 | 8.3% | 21.0% | 79.1% |