New Jersey · Census place 55800
Palmyra borough, NJ
Quick answer
Palmyra borough has 7,447 residents, ranking #220 of 700 places in New Jersey. Median household income is $85,014, the median home is worth $216,600 and median gross rent runs $1,680 a month.
- Population
- 7,447Palmyra borough residents
- Median household income
- $85,014Past 12 months, inflation adjusted
- Median home value
- $216,600Owner-occupied units
- Median gross rent
- $1,680Rent plus utilities, monthly
- Median age
- 42.7 yrsAll residents
- Homeownership rate
- 69.6%Owner-occupied households
What the numbers mean in Palmyra borough
Housing cost measured against local earnings.
A household earning the Palmyra borough median would spend about 23.7% 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 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.9% of residents and 69.6% 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 New Jersey.
- Mystic Island CDP 7,616
- Berlin borough 7,503
- Haddon Heights borough 7,488
- Washington borough 7,287
- Rumson borough 7,265
- Yorketown CDP 7,265
- Emerson borough 7,263
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