Palmyra, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Palmyra, Indiana had a total population of 1,215, the 311th largest town in Indiana, with a median household income of $60,862, which is 15% lower than the state average. The poverty rate is 14.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Near full employment with an unemployment rate of just 0.7%.
Palmyra Quick Facts
How Palmyra Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,271 | 1,215 | -4.4% |
| Median household income | $49,821 | $60,862 | +22.2% |
| Median home value | $143,500 | $163,800 | +14.1% |
How Palmyra Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Palmyra Rankings in Indiana
Explore Indiana Rankings
Other Cities in Harrison County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Corydon | 3,157 | $56,513 | 8.8% | $144,600 |
| Lanesville | 944 | $84,345 | 3.1% | $220,600 |
| Milltown | 763 | $61,216 | 17.3% | $118,800 |
| New Salisbury | 499 | $52,768 | 24.3% | $179,200 |
| Crandall | 233 | $55,313 | 22.8% | $168,800 |
| Elizabeth | 168 | $95,417 | 3.0% | $155,200 |
| New Amsterdam | 92 | $111,087 | 0.0% | $95,200 |
| New Middletown | 55 | $66,250 | 7.4% | $110,000 |
| Mauckport | 49 | $77,500 | 67.3% | N/A |
| Laconia | 47 | $53,750 | 31.8% | $80,000 |
Cities Similar to Palmyra
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Parker City | 1,211 | $58,558 | $94,200 | 13.0% | 18.8% |
| Taylorsville | 1,248 | N/A | $169,100 | 17.9% | 33.9% |
| Markle | 1,203 | $56,000 | $138,300 | 14.7% | 16.7% |
| Mulberry | 1,265 | $58,950 | $142,900 | 13.5% | 15.3% |
| Poseyville | 1,270 | $62,500 | $144,400 | 19.0% | 6.6% |
Population Overview
Palmyra is a small community located in Indiana, within Harrison County. The total population is 1,215. It ranks as the 311th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Palmyra is 34.3 years. This is 10% lower than the state median of 38.1 years. With 31.3% of the population under 18, Palmyra has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Palmyra is $60,862. This is 15% lower than the state median of $71,957. It is also 25% lower than the national median of $80,734. The poverty rate stands at 14.9%. This is 21% higher than the state poverty rate of 12.3%. The unemployment rate is 0.7%. This is 85% lower than the state rate of 4.3%. The median home value is $163,800. Housing costs are 25% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.7x, Palmyra is one of the most affordable housing markets in the area. 66.1% of occupied housing units are owner-occupied. This homeownership rate is 6% lower than the state average of 70.5%.
Race & Ethnicity
Palmyra has a predominantly White (non-Hispanic) population, comprising 97.4% 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 8.6%. The Asian population (0.3%) is well below the state average of 2.6%.
Education
11.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 62% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 83.1%.
Data Sources & Methodology
All demographic data for Palmyra, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Palmyra, Indiana?
Palmyra, Indiana has a population of 1,215 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Palmyra, IN?
The median household income in Palmyra is $60,862, which is 25% lower than the national median of $80,734.
What is the poverty rate in Palmyra, IN?
The poverty rate in Palmyra is 14.9%. This means approximately 181 residents live below the federal poverty line.
What is the racial makeup of Palmyra, Indiana?
Palmyra's population is 97.4% White, 0.0% Black, 0.4% Hispanic/Latino, and 0.3% Asian.
What is the median home value in Palmyra, IN?
The median home value in Palmyra is $163,800. The home-value-to-income ratio is 2.7x.
How educated is Palmyra, Indiana?
11.1% of adults (25+) in Palmyra hold a bachelor's degree or higher, and 3.4% hold a graduate or professional degree.