Palmyra, UT population, income and ZIP codes

Palmyra CDP is a very small community in Utah, with 346 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #259 of 334 ranked by population — larger than 22% of them. The median age here is 47.4 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Palmyra CDP earn a median of $92,857 a year, 18.2% above the national figure of $78,538 and within a couple of points of the $91,818 median for the 170 Utah cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 0% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Palmyra CDP is valued at $583,300, 92.3% above the national figure and 33% above the $437,400 peer median, while median gross rent runs $1,500 a month, 6.7% above the national figure, or roughly $18,000 across a full year. A household on the local median income would put about 19.4% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 6.3×, against roughly 3.9× nationally, so buying is out of reach on local earnings alone and the ownership market leans on outside income, equity or dual high earners. 68.9% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

Home values sit at 6.3× median household income, far past the 3.9× national mark, so ownership costs here are set by something other than local wages — second homes, retirees with equity, or commuters earning elsewhere. With 346 residents, a handful of survey responses moves every median on this page. Compare Palmyra CDP against its county rather than against national figures.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.