Palmyra borough, PA is an attractive place for those seeking affordable living. With the average two-bedroom rent being $1,300 per month, it is significantly lower than the US average of $1,430. Additionally, compared to the national grocery cost index of 100, Palmyra's index is 104. This makes it a great option for families and individuals that are looking to save money on living costs.
Palmyra offers a variety of local businesses for both residents and visitors alike. Some well-known establishments include JPL Ventures Construction Services, Palmyra Café & Bakery, Palmyra Veterinary Clinic, and Palmyra Family Restaurant. All of these businesses provide top-notch services to their customers and contribute to the vibrant atmosphere of the area.
Palmyra has an unemployment rate of 6.3%. The US average is 6.0%.
Palmyra has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Palmyra
- The Sales Tax Rate for Palmyra is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Palmyra is 4.1%. 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 $28,731 a year. The US average is $28,555 a year.
- The Median household income of a Palmyra resident is $56,124 a year. The US average is $69,021 a year.