B-

Palmyra, NJ

Source:

Affordability Score: 65/100

Population: 7,398 · 1 ZIP codes

The affordability dashboard for Palmyra, NJ aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 7,398 residents, then layers in county-level federal data to produce an overall grade of B- (65/100). The headline inputs are median household income of $89,574, median home value of $234,800, median rent of $1,696 per month, and 32.4% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,810 per month (studio $1,397, 1BR $1,520, 3BR $2,170, 4BR $2,423). Department of Labor data lists infant center-based childcare at $15,770 per year, consuming 18% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Palmyra, NJ include income, housing. Unemployment currently reads 6.5% and poverty 10.2% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income B+
$89,574
Median household income
Education C
32.4%
Bachelor's degree or higher
Housing B+
2.6x
Home value $234,800 vs income
Commute C
25 min
Average commute time
Rent B-
$1,810/mo
2BR fair market rent (24% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare D
$15,770/yr
Center-based infant care (18% of income)

Income & Employment

Median Income
$89,574
▲ 44% vs national
Per Capita Income
$44,628
Unemployment Rate
6.5%
Poverty Rate
10.2%

Housing

Median Home Value
$234,800
▼ 15% vs national
Median Rent
$1,696/mo
Owner Occupied
71.4%
2BR Fair Market Rent
$1,810/mo
▲ 51% vs national

Fair Market Rents by Bedroom

Studio
$1,397
1BR
$1,520
2BR
$1,810
3BR
$2,170
4BR
$2,423

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
32.4%
▲ 2 ppt vs national
High School+
63.8%
Median Age
44.1
Avg. Commute
25 min
▼ 1 min vs national

Childcare Costs

Infant (Center)
$15,770/yr
18% of income
Toddler (Center)
$15,893/yr
Preschool (Center)
$15,893/yr
School-Age (Center)
$7,816/yr

What This Means

Palmyra, NJ receives an overall affordability grade of B- (65/100), aggregated from 1 ZIP codes with a total population of 7,398. This area performs well in income and housing. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Palmyra ZIP Codes
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What are common questions about this dashboard?

Is Palmyra, NJ affordable?
Palmyra, NJ receives an overall affordability grade of B- (65/100) based on Census, HUD, FBI, and DOL data. Median household income is $89,574. Median home value is $234,800.
What is the cost of living in Palmyra?
Key cost metrics: Median rent $1,696/mo. 2BR fair market rent $1,810/mo. Infant childcare $15,770/yr. Median home value $234,800.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →