Palmyra town, Indiana Demographics & Population 2026
As of 2026, Palmyra town, Indiana has a total population of 1,271, the 305th largest city in Indiana, with a median household income of $49,821, which is 29% lower than the state average. The poverty rate is 15.7%.
Key Takeaways
- Only 8.2% of adults have a bachelor's degree, well below the national average of 35.0%.
- Near full employment with an unemployment rate of just 0.0%.
Palmyra town Quick Facts
How Palmyra town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Palmyra town Rankings in Indiana
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Other Cities in Knox County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Decker town | 204 | $47,188 | 12.0% | $41,900 |
Cities Similar to Palmyra town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Mulberry town | 1,266 | $51,719 | $125,500 | 10.4% | 17.5% |
| Geneva town | 1,267 | $52,813 | $127,400 | 11.0% | 23.1% |
| Morgantown town | 1,328 | $50,809 | $129,500 | 7.5% | 13.4% |
| Oxford town | 1,333 | $48,500 | $113,900 | 11.3% | 15.2% |
| New Pekin town | 1,377 | $50,500 | $116,000 | 9.9% | 21.3% |
Population Overview
Palmyra town is a small community located in Indiana, within Knox County. The total population is 1,271. It ranks as the 305th most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Palmyra town is 34.1 years. This is 10% lower than the state median of 38.0 years. With 31.4% of the population under 18, Palmyra town has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Palmyra town is $49,821. This is 29% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 37% lower. The poverty rate stands at 15.7%. This is 28% higher than the state poverty rate of 12.2%. The unemployment rate is 0.0%. This is 100% lower than the state rate of 4.3%. The median home value is $143,500. Housing costs are 29% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.9x, Palmyra town is one of the most affordable housing markets in the area. 55.8% of occupied housing units are owner-occupied. This homeownership rate is 21% lower than the state average of 70.3%.
Race & Ethnicity
Palmyra town has a predominantly White (non-Hispanic) population, comprising 97.9% of all residents. Hispanic or Latino residents account for 0.4%. The Hispanic or Latino population (0.4%) is well below the state average of 8.4%. The Asian population (0.2%) is well below the state average of 2.5%.
Education
8.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 71% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 84.0%.
Data Sources & Methodology
All demographic data for Palmyra town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Palmyra town, Indiana?
Palmyra town, Indiana has a population of 1,271 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Palmyra town, IN?
The median household income in Palmyra town is $49,821, which is 37% lower the national median of $78,538.
What is the poverty rate in Palmyra town, IN?
The poverty rate in Palmyra town is 15.7%. This means approximately 199 residents live below the federal poverty line.
What is the racial makeup of Palmyra town, Indiana?
Palmyra town's population is 97.9% White, 0.0% Black, 0.4% Hispanic/Latino, and 0.2% Asian.
What is the median home value in Palmyra town, IN?
The median home value in Palmyra town is $143,500. The home-value-to-income ratio is 2.9x.
How educated is Palmyra town, Indiana?
8.2% of adults (25+) in Palmyra town hold a bachelor's degree or higher, and 3.4% hold a graduate or professional degree.