Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 52.1 yrs |
|---|---|
| Avg HH Size | 2.28 |
| Below Poverty | 14.9% ▲ 49% above avg |
| College Grads | 44.9% ▲ 16% above avg |
| Unemployment | 7.5% ▲ 52% above avg |
| No HS Diploma | 14 (1%) |
| HS Graduate | 347 (25.7%) |
| Some College | 182 (13.5%) |
| Associates | 201 (14.9%) |
| Bachelors | 146 (10.8%) |
| Graduate Degree | 459 (34%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $73,056 ≈ Avg |
|---|---|
| Median Home Value | $199,100 ▼ 29% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $1,259/mo |
| Total Housing Units | 823 |
| Vacant Units | 93 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palmyra is a city in Tennessee, located in Montgomery County. The city spans 1 ZIP code and is home to approximately 1,734 residents. It is a mature city, with a median age of 52.1 years.
Economically, Palmyra is a solidly middle-class community. The median household income of $73,056 is near the national average. Approximately 14.9% of residents live below the poverty line. The unemployment rate is 7.5%, significantly above the national average.
The real estate market in Palmyra is an affordable housing market. Median home values stand at $199,100, which is below the national average. Renters typically pay around $1,259 per month. Homeownership is high at 92.7%, typical of suburban and family-oriented communities.
The population of Palmyra is well-educated. 44.9% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (95.33%).
Palmyra, TN offers residents a cost-conscious lifestyle within Tennessee.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 37142 | 1,734 | $73,056 | $199,100 | $1,259 | 7.5% | 44.9% | 92.7% |