salaryRent is lower than in 76% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.7 minutes.
How much money do I need?
To rent here comfortably, you should earn about $47,800 a year. That is $23 an hour at a full-time job.
Is rent cheaper than other Pennsylvania cities?
Yes. Rent here is cheaper than in most of Pennsylvania. It is number 98 of 269 cities from cheapest to most expensive.
How much do households earn in Palmyra?
Share of households by yearly income. 25.8% of households earn $100,000 or more.
Rent by apartment size in Palmyra
| Size | Palmyra | U.S. average |
|---|---|---|
| Studio | $1,149 | $1,338 |
| 1 bedroom | $943 | $1,324 |
| 2 bedrooms | $1,214 | $1,509 |
| 3 bedrooms | $1,433 | $1,698 |
| 4 bedrooms | $1,786 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Palmyra overall?
Everyday prices in Pennsylvania overall are 2% below the U.S. average (index 97.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Palmyra, so the Pennsylvania figure is shown.
Taxes and bills in Palmyra
Life in Palmyra
Is it cheaper to rent or buy in Palmyra?
Renting is cheaper right now: about $384 a month less.
Owning assumes a typical $227,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,750 for the down payment.
Frequently asked questions
What is the average rent in Palmyra, PA?
Renting in Palmyra costs a median of about $1,195 a month in 2026, including utilities. The Pennsylvania median is $1,367.
How much do I need to make to live in Palmyra?
To keep rent under 30% of income, you need about $47,800 a year, or $23 an hour at a full-time job.
Is Palmyra cheap or expensive?
Palmyra is rated Cheap: rent takes 17.2% of the typical household income of $83,550. It ranks 98th cheapest of 269 Pennsylvania cities we track.
How much are property taxes in Palmyra?
The median homeowner in Palmyra pays $3,287 a year in property taxes, about 1.44% of the median home value.
Is Palmyra more expensive than the national average?
Overall prices in Pennsylvania are 2% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Palmyra?
The median home value in Palmyra is $227,500, about 2.7 times the typical yearly household income.
7,755 people live in Palmyra. Numbers are typical (middle) values.