Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.1 yrs |
|---|---|
| Avg HH Size | 2.45 |
| Below Poverty | 9.6% ≈ Avg |
| College Grads | 27.8% ▼ 28% below avg |
| Unemployment | 3.8% ▼ 22% below avg |
| No HS Diploma | 20 (1%) |
| HS Graduate | 740 (37.9%) |
| Some College | 280 (14.3%) |
| Associates | 371 (19%) |
| Bachelors | 175 (9%) |
| Graduate Degree | 368 (18.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $62,181 ▼ 19% below avg |
|---|---|
| Median Home Value | $202,000 ▼ 28% below avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $746/mo |
| Total Housing Units | 1,554 |
| Vacant Units | 199 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palmyra is a city in Indiana, located in Harrison County. The city spans 1 ZIP code and is home to approximately 3,319 residents. It is a middle-aged city, with a median age of 40.1 years.
Economically, Palmyra is a solidly middle-class community. The median household income of $62,181 is below the national average. Approximately 9.6% of residents live below the poverty line. The unemployment rate is 3.8%, below the national average.
The real estate market in Palmyra is an affordable housing market. Median home values stand at $202,000, which is below the national average. Renters typically pay around $746 per month. Homeownership is high at 78.9%, typical of suburban and family-oriented communities.
The population of Palmyra is moderately educated. 27.8% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (96.57%).
Palmyra, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47164 | 3,319 | $62,181 | $202,000 | $746 | 3.8% | 27.8% | 78.9% |