Illinois · Census place 57329
Palmyra village, IL
Quick answer
Palmyra village has 524 residents, ranking #928 of 1462 places in Illinois. Median household income is $46,477, the median home is worth $86,400 and median gross rent runs $670 a month.
- Population
- 524Palmyra village residents
- Median household income
- $46,477Past 12 months, inflation adjusted
- Median home value
- $86,400Owner-occupied units
- Median gross rent
- $670Rent plus utilities, monthly
- Median age
- 50.4 yrsAll residents
- Homeownership rate
- 81.2%Owner-occupied households
What the numbers mean in Palmyra village
Housing cost measured against local earnings.
A household earning the Palmyra village median would spend about 17.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.6% of residents and 81.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Illinois.
- Ullin village 533
- Tamms village 532
- New Haven village 528
- Mark village 522
- Keithsburg city 520
- Altona village 519
- Spring Bay village 519
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