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Palmyra village, Nebraska Demographics & Population 2026

Very AffordableHome value to income ratio of 2.0x is exceptionally low

As of 2026, Palmyra village, Nebraska has a total population of 642, the 178th largest city in Nebraska, with a median household income of $81,458, which is 9% higher than the state average. The poverty rate is 6.7%.

Key Takeaways

Palmyra village Quick Facts

Population 642
Median Household Income $81,458
Median Home Value $160,900
Poverty Rate 6.7%
Unemployment Rate 4.0%
Median Age 31.7 years
Homeownership Rate 92.8%
Affordability Ratio 2.0x
Bachelor's Degree or Higher 10.1%
High School Graduation Rate 94.0%
Diversity Index 34/100
Population 642 178th of 584
Median Income $81,458 top 20%
Poverty Rate 6.7% 46% lower national
Median Home Value $160,900 top 30%

How Palmyra village Compares

Economy & Housing

Employment

4.0% Unemployment Rate State: 3.0% | National: 5.2%
78.3% Labor Force Participation

Housing Overview

Owner 92.8%
Renter 7.2%
Affordability Index Very Affordable
2.0x home value to income ratio

People & Demographics

Diversity Index

34out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Palmyra village Rankings in Nebraska

#178 Population of 584
#78 Median Income of 584
#462 Education of 584
#124 Home Value of 584

Cities Similar to Palmyra village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Glenwood CDP663N/A$283,10080.7%0.0%
Paxton village643$73,750$114,70023.3%5.7%
Hershey village671$79,375$150,00013.6%7.0%
Cortland village629$68,250$173,40013.6%4.9%
Mead village600$73,500$151,60012.0%3.8%

Population Overview

Palmyra village is a small community located in Nebraska. The total population is 642. It ranks as the 178th most populous out of 584 cities and towns in Nebraska.

Age Demographics

The median age in Palmyra village is 31.7 years. This is 15% lower than the state median of 37.1 years. With 32.9% of the population under 18, Palmyra village has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Palmyra village is $81,458. This is 9% higher than the state median of $74,985. Compared to the national median of $78,538, household income here is 4% higher. The poverty rate stands at 6.7%. This is 35% lower than the state poverty rate of 10.3%. The unemployment rate is 4.0%. This is 33% higher than the state rate of 3.0%. The median home value is $160,900. Housing costs are 28% lower than the state median of $223,800. With a home-value-to-income ratio of just 2.0x, Palmyra village is one of the most affordable housing markets in the area. 92.8% of occupied housing units are owner-occupied. This homeownership rate is 40% higher than the state average of 66.5%.

Race & Ethnicity

The largest racial or ethnic group in Palmyra village is White (non-Hispanic), making up 78.8% of the population. Hispanic or Latino residents account for 6.1%. The Hispanic or Latino population (6.1%) is well below the state average of 12.3%.

Education

10.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 71% lower than the state rate of 34.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.0%.

Data Sources & Methodology

All demographic data for Palmyra village, Nebraska 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 Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 584 Census-designated places in Nebraska. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Palmyra village, Nebraska?

Palmyra village, Nebraska has a population of 642 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Palmyra village, NE?

The median household income in Palmyra village is $81,458, which is 4% higher the national median of $78,538.

What is the poverty rate in Palmyra village, NE?

The poverty rate in Palmyra village is 6.7%. This means approximately 43 residents live below the federal poverty line.

What is the racial makeup of Palmyra village, Nebraska?

Palmyra village's population is 78.8% White, 0.0% Black, 6.1% Hispanic/Latino, and 1.7% Asian.

What is the median home value in Palmyra village, NE?

The median home value in Palmyra village is $160,900. The home-value-to-income ratio is 2.0x.

How educated is Palmyra village, Nebraska?

10.1% of adults (25+) in Palmyra village hold a bachelor's degree or higher, and 2.5% hold a graduate or professional degree.