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Palmyra, NY Profile: Facts & Data

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Palmyra, New York - Basic Facts

The Village of Palmyra had a population of 3,431 as of July 1, 2024.

The primary coordinate point for Palmyra is located at latitude 43.064 and longitude -77.2333 in Wayne County. The formal boundaries for the Village of Palmyra encompass a land area of 1.35 sq. miles and a water area of 0 sq. miles. Wayne County is in the Eastern time zone (GMT -5).

The Village of Palmyra has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Palmyra is located within Town of Palmyra, a minor civil division (MCD) of Wayne County.


Jump to... (On This Page!)
  1. Palmyra 2024 Demographic Data
  2. Growth Rates for Palmyra (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New York Research Tools (Easy Tools & Current Data)
  3. New York Data Comparison Tool - 2024 Demographics
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Palmyra, NY Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 3,431 (100%)
Population in Households 3,392 (98.9%)
Population in Families 2,246 (65.5%)
Population in Group Quarters1 39 ( 1.1%)
Population Density 2,547
Diversity Index2 26
 
 

INCOME

Median Household Income $77,746
Average Household Income $91,259
% of Income for Mortgage4 13%
Per Capita Income $40,685
Wealth Index5 65
Socioeconomic Status Index6 Moderate (56.8)
 

HOUSING

Total HU (Housing Units) 1,656 (100%)
Owner Occupied HU 762 (46.0%)
Renter Occupied HU 767 (46.3%)
Vacant Housing Units 127 ( 7.7%)
Median Home Value $161,345
Average Home Value $198,983
Housing Affordability Index3 157
 

HOUSEHOLDS

Total Households 1,529
Average Household Size 2.22
Family Households 805
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population 0.56% -0.46%
Households -0.06% 0.17%
Families   0.10%
Median Household Income   1.37%
Per Capita Income   2.99%
Owner Occupied HU   1.30%

Palmyra, NY - Peer Comparisons by Rank and Percentile

The table below compares Palmyra to the other 1,292 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 461 64th
Population Density # 338 74th
Median Household Income # 694 46th
Housing Affordability Index # 1166 90th
Per Capita Income # 781 40th
Diversity Index # 804 38th

Additional comparisons and rankings can be made with a VERY EASY TO USE New York Census Data Comparison Tool.

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