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The total population of Palmyra is estimated to be 1,323 with 593 males (44.82%) and 730 females (55.18%). There are 137 more females than males in Palmyra.
The median household income in Palmyra was $45,553 in 2021, which marked an an increase of 8,072(21.54%) from $37,481 in 2020. This income is 61.06% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Palmyra sees its highest median household income among householders in the age group of 45 to 64 years old, at $76,115. Overall, the median household income for the town of Palmyra stands at $45,553.
In Palmyra, the median income for all workers aged 15 years and older, regardless of work hours, was $49,057 for males and $20,943 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,086 for males and $41,585 for females.
In Palmyra, population is primarily represented by White households, reporting a median income of $46,277.
In 2022, the population of Palmyra was 902, a 0.22% decrease year-by-year from 2021. Previously, in 2021, Palmyra's population was 904, an increase of 0.33% compared to a population of 901 in 2020.
The median age in Palmyra, IN is 33.1, as per 2021 ACS 5-Year Estimates. Of the total population, 29.30% were under the age of 15, 17.78% aged 15 to 29, 38.09% aged 30 to 64, 14.20% aged 65 to 84, and 0.63% were 85 years of age and older.
Racial distribution of Palmyra population: 98.74% are White, 0.21% are Black or African American, 0.56% are some other race and 0.49% are multiracial.