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ZipNumbers

Missouri · Census place 56036

Palmyra city, MO

Quick answer

Palmyra city has 3,620 residents, ranking #185 of 1082 places in Missouri. Median household income is $69,211, the median home is worth $165,000 and median gross rent runs $852 a month.

Population
3,620Palmyra city residents
Median household income
$69,211Past 12 months, inflation adjusted
Median home value
$165,000Owner-occupied units
Median gross rent
$852Rent plus utilities, monthly
Median age
37.5 yrsAll residents
Homeownership rate
72.4%Owner-occupied households

What the numbers mean in Palmyra city

Housing cost measured against local earnings.

A household earning the Palmyra city median would spend about 14.8% 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 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.1% of residents and 72.4% 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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