Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.7 yrs |
|---|---|
| Avg HH Size | 2.27 |
| Below Poverty | 8.9% ▼ 12% below avg |
| College Grads | 41.0% ≈ Avg |
| Unemployment | 5.7% ▲ 17% above avg |
| No HS Diploma | 106 (2%) |
| HS Graduate | 1,732 (32.5%) |
| Some College | 555 (10.4%) |
| Associates | 752 (14.1%) |
| Bachelors | 584 (11%) |
| Graduate Degree | 1,604 (30.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $85,014 ▲ 11% above avg |
|---|---|
| Median Home Value | $216,600 ▼ 22% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $1,680/mo |
| Total Housing Units | 3,406 |
| Vacant Units | 123 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palmyra is a city in New Jersey, located in Burlington County. The city spans 1 ZIP code and is home to approximately 7,447 residents. It is a middle-aged city, with a median age of 42.7 years.
Economically, Palmyra is a middle-income community. The median household income of $85,014 is near the national average. Approximately 8.9% of residents live below the poverty line. The unemployment rate is 5.7%, above the national average.
The real estate market in Palmyra is an affordable housing market. Median home values stand at $216,600, which is below the national average. Renters typically pay around $1,680 per month. Homeownership is high at 69.6%, typical of suburban and family-oriented communities.
The population of Palmyra is well-educated. 41.0% of adults hold a bachelor's degree or higher — near the national average. The community is majority White (63.34%).
Palmyra, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 08065 | 7,447 | $85,014 | $216,600 | $1,680 | 5.7% | 41.0% | 69.6% |