Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.6 yrs |
|---|---|
| Avg HH Size | 2.57 |
| Below Poverty | 8.9% ▼ 11% below avg |
| College Grads | 32.7% ▼ 16% below avg |
| Unemployment | 3.8% ▼ 23% below avg |
| No HS Diploma | 6 (0.5%) |
| HS Graduate | 433 (35.6%) |
| Some College | 177 (14.6%) |
| Associates | 202 (16.6%) |
| Bachelors | 182 (15%) |
| Graduate Degree | 216 (17.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $49,261 ▼ 35% below avg |
|---|---|
| Median Home Value | $123,800 ▼ 56% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $763/mo |
| Total Housing Units | 879 |
| Vacant Units | 44 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palmyra is a city in Maine, located in Somerset County. The city spans 1 ZIP code and is home to approximately 2,150 residents. It is a relatively young city, with a median age of 36.6 years.
Economically, Palmyra is a working-class community. The median household income of $49,261 is below the national average. Approximately 8.9% of residents live below the poverty line. The unemployment rate is 3.8%, below 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 $123,800, which is well below the national average. Renters typically pay around $763 per month. Homeownership is high at 82.4%, typical of suburban and family-oriented communities.
The population of Palmyra is moderately educated. 32.7% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (98.7%).
Palmyra, ME offers residents a cost-conscious lifestyle within Maine.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 04965 | 2,150 | $49,261 | $123,800 | $763 | 3.8% | 32.7% | 82.4% |