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ZipNumbers

Indiana · Census place 57726

Palmyra town, IN

Quick answer

Palmyra town has 1,271 residents, ranking #305 of 976 places in Indiana. Median household income is $49,821, the median home is worth $143,500 and median gross rent runs $717 a month.

Population
1,271Palmyra town residents
Median household income
$49,821Past 12 months, inflation adjusted
Median home value
$143,500Owner-occupied units
Median gross rent
$717Rent plus utilities, monthly
Median age
34.1 yrsAll residents
Homeownership rate
55.8%Owner-occupied households

What the numbers mean in Palmyra town

Housing cost measured against local earnings.

A household earning the Palmyra town 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 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.7% of residents and 55.8% 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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