Palmyra, Maine Housing

Palmyra, Maine has a population of 1,938, with a median household income of $61,200.

Current housing data for Palmyra.

$246,800

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Population

1,938

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Median Income

$61,200

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Unemployment

3.10%

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Housing Price

$246,800

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Crime Rate

2.80

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Internet Speed

189.00 Mbps

Palmyra is a small local community located in Maine. The city has a population that is below the average city population in Maine, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Palmyra, located in Maine, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Palmyra has a population of 1,938, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Palmyra is $61,200, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Palmyra is about $246,800, making it relatively affordable compared to many cities in Maine.

Employment and Safety

The unemployment rate in Palmyra is 3.10%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Palmyra are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Maine, Palmyra shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Palmyra continues to play a role in shaping regional trends in Maine, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Palmyra

What is the population of Palmyra?

The population of Palmyra is approximately 1,938.

Is Palmyra a good place to live?

Palmyra offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Palmyra?

The median household income in Palmyra is around $61,200.

How expensive is housing in Palmyra?

The average housing price in Palmyra is approximately $246,800.