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The total population of Palmyra is estimated to be 3,613 with 1,801 males (49.85%) and 1,812 females (50.15%). There are 11 more females than males in Palmyra.
The median household income in Palmyra was $59,728 in 2021, which marked an an increase of 1,104(1.88%) from $58,624 in 2020. This income is 80.06% 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 $78,489. Overall, the median household income for the city of Palmyra stands at $59,728.
In Palmyra, the median income for all workers aged 15 years and older, regardless of work hours, was $40,950 for males and $32,748 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $53,881 for males and $46,687 for females.
In Palmyra, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $117,839, followed by White households at $60,086, and Black or African American households with a median household income of $32,961.
In 2022, the population of Palmyra was 3,613, a 0.25% decrease year-by-year from 2021. Previously, in 2021, Palmyra's population was 3,622, an increase of 0.25% compared to a population of 3,613 in 2020.
The median age in Palmyra, MO is 36.1, as per 2021 ACS 5-Year Estimates. Of the total population, 22.38% were under the age of 15, 18.26% aged 15 to 29, 41.69% aged 30 to 64, 15.77% aged 65 to 84, and 1.91% were 85 years of age and older.
Racial distribution of Palmyra population: 87.96% are White, 3.87% are Black or African American, 1.10% are Asian and 7.07% are multiracial.