Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.6 yrs |
|---|---|
| Avg HH Size | 2.53 |
| Below Poverty | 12.8% ▲ 28% above avg |
| College Grads | 31.9% ▼ 18% below avg |
| Unemployment | 4.8% ≈ Avg |
| No HS Diploma | 4 (0.5%) |
| HS Graduate | 344 (46.7%) |
| Some College | 73 (9.9%) |
| Associates | 81 (11%) |
| Bachelors | 87 (11.8%) |
| Graduate Degree | 148 (20.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $87,250 ▲ 14% above avg |
|---|---|
| Median Home Value | $165,600 ▼ 41% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Total Housing Units | 452 |
| Vacant Units | 47 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palmyra is a city in Michigan, located in Lenawee County. The city spans 1 ZIP code and is home to approximately 1,026 residents. It is a mature city, with a median age of 48.6 years.
Economically, Palmyra is a middle-income community. The median household income of $87,250 is near the national average. Approximately 12.8% of residents live below the poverty line. The unemployment rate is 4.8%, near the national average.
The real estate market in Palmyra is an affordable housing market. Median home values stand at $165,600, which is below the national average. Homeownership is high at 90.9%, typical of suburban and family-oriented communities.
The population of Palmyra is moderately educated. 31.9% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.15%).
Palmyra, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49268 | 1,026 | $87,250 | $165,600 | — | 4.8% | 31.9% | 90.9% |