Housing costs in Palmyra?
A typical home costs
$180,400, which is 46.6% less expensive than the national average of
$338,100 and 15.0% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Palmyra costs
$760 per month, which is 20.0% cheaper than the national average of
$950 and 3.9% cheaper than the state average of
$790.
Can I afford Palmyra?
To live comfortably in Palmyra (zip 63461), Missouri, a minimum annual income of
$34,560 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Palmyra?
The cost of living in 63461 Palmyra, MO is relatively low compared to other areas. The median home sales price in the area is $120,000, which is much lower than the national average. The median household income is also below the national average at around $45k. Groceries and healthcare costs tend to be slightly lower than the national average as well. In addition, there are no state income taxes in Missouri so that helps keep expenses down as well. All in all, 63461 Palmyra, MO offers a great quality of life at a relatively lower cost than other parts of the country.