Cost of Living in Palmyra, NY
Population 3,306 · New York · Data vintage 2023
(100 = US avg)
Palmyra offers a notably favorable income-to-housing ratio for its region. The typical home — $125,000 — costs less than 1.9 times median household income of $66,647, a threshold many coastal markets passed a decade ago. The labor market has been unusually tight, with unemployment around 0.5% — below most comparable cities in the state.
Geographically, Palmyra sits roughly 20 miles east of Rochester. Housing prices track closely with Rochester's $121,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Palmyra
The median home value in Palmyra is $125,200 — 59% below the national median of $305,000. Median rent runs $936/month, 29% lower than the national median of $1,314/month. The median household income of $66,647/year is 11% lower than the US median of $74,580. The local unemployment rate is 0.5%, below the national average of 4.8%. New York's top state income tax rate is 10.9% and the combined sales tax is 8.5%. The climate averages highs of 58.5°F and lows of 40.6°F, with about 102" of annual snowfall. Overall, Palmyra has a cost of living index of 53 versus the US average of 100, meaning it is 47% less expensive.
Palmyra has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 33 | 35 | 44 | 57 | 69 | 78 | 83 | 81 | 74 | 61 | 49 | 39 |
| Low °F | 19 | 20 | 27 | 37 | 48 | 57 | 62 | 61 | 54 | 43 | 34 | 25 |
| Precip" | 2.55 | 2.13 | 2.49 | 2.99 | 2.86 | 3.37 | 3.56 | 3.31 | 3.18 | 3.22 | 2.76 | 2.67 |
| Snow" | 27.4 | 23.1 | 17.9 | 3.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 8.1 | 22.3 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Palmyra, NY?
Palmyra has a cost index of 53 (100 = national average). It is 47% below the national average.
What is average rent in Palmyra, NY?
The median gross rent in Palmyra is $936 per month based on 2023 Census data.
What is the average home price in Palmyra?
The median home value in Palmyra is $125,200 according to Zillow and Census data.
What is the median income in Palmyra?
The median household income in Palmyra is $66,647 per year (2023 ACS 5-year estimates).
What is the sales tax in Palmyra, NY?
The combined state and local sales tax rate in Palmyra is 8.5%. The New York state income tax top rate is 10.9%.
Is Palmyra, NY affordable?
Yes, Palmyra is generally considered affordable, with a cost of living index of 53 — about 47% below the US national average of 100.
What is the weather like in Palmyra?
Palmyra has average high temperatures of 58.5°F and average lows of 40.6°F. Annual precipitation is 35.1". Average annual snowfall is 102". Data from NOAA 1991–2020 Climate Normals.
Palmyra at a Glance
- Population
- 3,306
- Median Income
- $66,647
- Home Value
- $125,200
- Median Rent
- $936/mo
- Unemployment
- 0.5%
- Avg High Temp
- 58.5°F
- Sales Tax
- 8.5%
Explore county-level cost of living data
New York Rankings
Similar Cost Cities
Cities in other states with comparable housing costs