Palmyra, NY is a charming small town located near the beautiful city of Rochester. It offers an affordable cost of living with two bedroom rents averaging $980, while the US average is $1430. Additionally, Grocery Cost Index in Palmyra is only 99 compared to 100 in the US. The town hosts a variety of local businesses such as Firefly Boutique, Shorts Brewery and Dickey's Barbecue Pit. With its charming downtown village featuring art galleries and unique boutiques, great restaurants and outdoor recreation like kayaking or fishing on the Erie Canal, Palmyra offers something for everyone.
Palmyra has an unemployment rate of 6.2%. The US average is 6.0%.
Palmyra has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Palmyra
- The Sales Tax Rate for Palmyra is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Palmyra is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Palmyra
- The average income of a Palmyra resident is $40,911 a year. The US average is $37,638 a year.
- The Median household income of a Palmyra resident is $64,647 a year. The US average is $69,021 a year.