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ZipNumbers

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

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