Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Located in the state of New Jersey, Palmyra is a smaller city with a population of 7,162 people. Palmyra has a population density of 3,873 people per square mile. This would be considered well above the national population density level. Single men and women might be happy to hear that in Palmyra, only 49% of the population is married. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Palmyra, your commute time will align closely with the national average, spanning a one-way duration of approximately 26 minutes.
If you’re considering moving to any new city, it could be a very discouraging task. However, it could also be a positive experience if you are willing to get to know the town before actually living in Palmyra, New Jersey. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. With useful information like cost of living, education, housing and other key data points, finding the best places to live in Palmyra and in the areas around Palmyra is a much easier task.
With a livability score of 71/100, Palmyra is ranked #5,630 in the United States and #210 in New Jersey. For each of the livability categories, we can establish that Palmyra ranks very well for crime (B+), employment (A-) and housing (A-). Regrettably for Palmyra, there are some categories for which it does not rank well, this includes: amenities (F) and cost of living (D-).
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Palmyra has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Palmyra meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Palmyra. Everything else becomes a lot less important if it turns out that home prices in Palmyra are simply unattainable. Median real estate prices in Palmyra come in at $175,400, which is 44.6% lower than the New Jersey average. The home price to income ratio compares the median home prices to the median household income. In Palmyra, the home price to income ratio is 2.4, which is 44.2% lower than the New Jersey average.
| Statistic | Palmyra | New Jersey | National |
| Average one way commute | 26min | 31min | 26min |
| Workers who drive to work | 76.7% | 71.7% | 76.4% |
| Workers who carpool | 10.0% | 8.1% | 9.3% |
| Workers who take public transit | 4.0% | 11.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 1.7% | 3.0% | 2.8% |
| Working from home | 7.6% | 4.1% | 4.6% |
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