Palmyra borough, New Jersey Demographics & Population 2026
As of 2026, Palmyra borough, New Jersey has a total population of 7,447, the 220th largest city in New Jersey, with a median household income of $85,014, which is 16% lower than the state average. The poverty rate is 8.8%.
Palmyra borough Quick Facts
How Palmyra borough Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 65 | National average: 60
Education
Educational Attainment (Adults 25+)
Palmyra borough Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Burlington County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Burlington city | 9,904 | $78,009 | 16.2% | $221,000 |
| Medford Lakes borough | 4,267 | $151,190 | 1.3% | $368,200 |
| Bordentown city | 4,006 | $91,208 | 5.8% | $322,300 |
| Riverton borough | 2,771 | $126,818 | 2.8% | $354,900 |
| Beverly city | 2,489 | $92,807 | 13.4% | $190,100 |
| Pemberton borough | 1,373 | $88,333 | 11.5% | $303,200 |
| Fieldsboro borough | 701 | $88,125 | 6.8% | $333,700 |
| Wrightstown borough | 522 | $52,222 | 15.3% | $224,000 |
Cities Similar to Palmyra borough
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Dunellen borough | 7,711 | $84,789 | $380,200 | 29.9% | 23.1% |
| Brigantine city | 7,702 | $88,906 | $485,000 | 45.6% | 9.4% |
| Washington borough | 7,287 | $79,280 | $260,200 | 29.5% | 11.5% |
| Barrington borough | 7,047 | $84,334 | $244,400 | 43.7% | 6.1% |
| Wharton borough | 7,254 | $92,548 | $348,100 | 29.3% | 18.8% |
Population Overview
Palmyra borough is a small city located in New Jersey, within Burlington County. The total population is 7,447. It ranks as the 220th most populous out of 700 cities and towns in New Jersey.
Age Demographics
The median age in Palmyra borough is 42.7 years. This is 6% higher than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Palmyra borough is $85,014. This is 16% lower than the state median of $101,050. Compared to the national median of $78,538, household income here is 8% higher. The poverty rate stands at 8.8%. This is 9% lower than the state poverty rate of 9.8%. The unemployment rate is 5.7%. This is 7% lower than the state rate of 6.2%. The median home value is $216,600. Housing costs are 49% lower than the state median of $427,600. With a home-value-to-income ratio of just 2.5x, Palmyra borough is one of the most affordable housing markets in the area. 69.6% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 63.7%.
Race & Ethnicity
The largest racial or ethnic group in Palmyra borough is White (non-Hispanic), making up 63.3% of the population. Black or African American residents account for 14.9%. The Hispanic or Latino population (9.0%) is well below the state average of 21.9%. The Asian population (4.0%) is well below the state average of 9.8%.
Education
29.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 31% lower than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.6%.
Data Sources & Methodology
All demographic data for Palmyra borough, New Jersey 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 New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Palmyra borough, New Jersey?
Palmyra borough, New Jersey has a population of 7,447 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Palmyra borough, NJ?
The median household income in Palmyra borough is $85,014, which is 8% higher the national median of $78,538.
What is the poverty rate in Palmyra borough, NJ?
The poverty rate in Palmyra borough is 8.8%. This means approximately 659 residents live below the federal poverty line.
What is the racial makeup of Palmyra borough, New Jersey?
Palmyra borough's population is 63.3% White, 14.9% Black, 9.0% Hispanic/Latino, and 4.0% Asian.
What is the median home value in Palmyra borough, NJ?
The median home value in Palmyra borough is $216,600. The home-value-to-income ratio is 2.5x.
How educated is Palmyra borough, New Jersey?
29.7% of adults (25+) in Palmyra borough hold a bachelor's degree or higher, and 7.1% hold a graduate or professional degree.