Median Income
$84,866
household / year
Median Home Value
$203,100
owner-occupied
Median Rent
$1,637
gross / month
Cost of Living
104
national avg = 100

Is Palmyra, NJ a Good Place to Live?

Palmyra is a small town of 7,437 in New Jersey, with a median household income of $84,866 and a 7.6% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Palmyra stands out for below-average home prices, lower-than-average crime, solid school ratings (A-).

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Palmyra is right for you depends on your priorities — the full breakdown is below.

All Palmyra city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 103.5

Palmyra's overall cost of living index is 103.5, where 100 represents the US national average. Living in Palmyra costs roughly 4% more than the average American city.

Metric Palmyra, NJ National Avg
Median Home Value $203,100 $244,900
Median Monthly Rent $1,637 $1,163
Homeownership Rate 74.7% 65.9%
Median Household Income $84,866 $74,755

Crime & Safety

Safer than Average

Palmyra's violent crime rate is 146.5 per 100,000 residents — 61% lower than the national average of ~380 per 100,000.

Violent Crime
146.5 /100k
Property Crime
1918.0 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Palmyra is served primarily by Palmyra Public School District. The student-to-teacher ratio is 12.0:1 (better than the national average of ~16:1).

Metric Palmyra, NJ National Avg
School District Palmyra Public School District —
Elementary Schools 1 —
Middle Schools 1 —
High Schools 1 —
Student/Teacher Ratio 12.0:1 16:1
Bachelor's Degree or Higher 31.3% 35.4%
High School Diploma or Higher 94.0% 91.1%

Weather & Climate

Palmyra sees average highs of 40.2°F in January and 86.8°F in July, with 48.1 inches of annual precipitation and 16.1 inches of snow per year.

MetricPalmyra, NJ
Average High — January40.2°F
Average High — July86.8°F
Annual Precipitation48.1"
Annual Snowfall16.1"

Demographics

MetricPalmyra, NJNational Avg
Population7,437—
Median Age43.038.9
Unemployment Rate7.6%3.7%
Avg Commute Time26.8 min26 min
White (non-Hispanic)67.7%59.3%
Black or African American14.9%13.6%
Hispanic or Latino10.4%18.9%
Asian3.3%6.3%
Under 1817.8%22.2%
65 and over14.2%16.8%

Nearby Cities

Riverton, NJ 1 mi Merchantville, NJ 4 mi Cherry Hill Mall, NJ 5 mi Moorestown-Lenola, NJ 5 mi Golden Triangle, NJ 5 mi

ZIP Codes in Palmyra

Palmyra, NJ is covered by 1 ZIP code:

08065

Palmyra vs Other Cities

Palmyra, NJ vs Riverton, NJ Palmyra, NJ vs Merchantville, NJ Palmyra, NJ vs Cherry Hill Mall, NJ Palmyra, NJ vs Moorestown-Lenola, NJ Palmyra, NJ vs Golden Triangle, NJ

Frequently Asked Questions

Palmyra's cost of living index is 104, where 100 is the national average. That puts Palmyra roughly 4% above the national average in cost. The median home price is $203,100 and median rent is $1,637/month.
Palmyra's violent crime rate is 146.5 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1918.0 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Palmyra are operated by Palmyra Public School District. The district has 1 elementary, 1 middle, and 1 high schools. The student-to-teacher ratio is 12.0:1. 31.3% of adults 25+ hold a bachelor's degree or higher.
Palmyra, NJ has a population of 7,437, a median household income of $84,866, and an unemployment rate of 7.6%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Palmyra averages 40.2°F in January and 86.8°F in July. Annual rainfall is 48.1 inches with about 16.1 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Palmyra, NJ is covered by 1 ZIP code: 08065.
The population of Palmyra, New Jersey is 7,437 with a median age of 43.0. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Palmyra: cost of living index 104 (100 = US average), median home $203,100, median household income $84,866, crime index 60 (100 = US average, lower is safer), schools rated A-. Whether these are benefits or drawbacks depends on where you're coming from — compare Palmyra side by side with your current city to see the trade-offs.