The Borough of Palmyra had a population of 7,184 as of July 1, 2020.
The primary coordinate point for Palmyra is located at latitude 40.0071 and longitude -75.0282 in Burlington County. The formal boundaries for the Borough of Palmyra encompass a land area of 1.86 sq. miles and a water area of 0.69 sq. miles. Burlington County is in the Eastern time zone (GMT -5). The elevation is 7 feet.
The Borough of Palmyra (GNIS ID: 885339) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
|Total Population||7,184 (100%)|
|Population in Households||7,184 (100.0%)|
|Population in Families||5,567 (77.5%)|
|Population in Group Quarters1||0|
|Median Household Income||$70,855|
|Average Household Income||$83,714|
|% of Income for Mortgage4||11%|
|Per Capita Income||$35,658|
|Total HU (Housing Units)||3,393 (100%)|
|Owner Occupied HU||2,127 (62.7%)|
|Renter Occupied HU||933 (27.5%)|
|Vacant Housing Units||333 ( 9.8%)|
|Median Home Value||$179,934|
|Average Home Value||$206,006|
|Housing Affordability Index3||147|
|Average Household Size||2.35|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||0.89%|
|Per Capita Income||1.43%|
|Owner Occupied HU||-0.1%|
The table below compares Palmyra to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 204||63rd|
|Population Density||# 167||70th|
|Median Household Income||# 389||29th|
|Housing Affordability Index||# 403||74th|
|Per Capita Income||# 390||29th|
|Diversity Index||# 239||57th|
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.