Palmyra, MO 63461 is an ideal location for those looking for a peaceful lifestyle and affordable costs. The average 2 bedroom rent in Palmyra is $760 compared to the US average of $1,430. Grocery Cost Index in Palmyra is 96 versus 100 in the US reflecting lower costs for groceries. Further adding to the value of this area is its population which is estimated at 3,741 people according to the 2020 census data. This small town comes complete with local businesses including Herron's IGA, Paws & Claws Pet Grooming Salon, Flower Garden Florist & Greenhouse, and K&K Cafe. Regardless if you’re looking for a place to shop, get your pet groomed or just grab a delicious bite-to-eat Palmyra has something for everyone.
Palmyra (zip 63461) has an unemployment rate of 3.9%. The US average is 6.0%.
Palmyra (zip 63461) has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Palmyra (zip 63461)
- The Sales Tax Rate for Palmyra (zip 63461) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Palmyra (zip 63461) is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Palmyra (zip 63461)
- The average income of a Palmyra (zip 63461) resident is $26,890 a year. The US average is $37,638 a year.
- The Median household income of a Palmyra (zip 63461) resident is $58,976 a year. The US average is $69,021 a year.