Cost of Living in Palmyra, IN

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14%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
42%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Palmyra Indiana National
Cost of living8689100
Groceries9797100
Health care9797100
Housing5872100
Transportation9696100
Utilities9896100
Lifestyle & Entertainment9895100
Household Items9898100
Education & Childcare9994100
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Homes For Sale In Palmyra, IN

property for sale

4395 Losson Rd NE

Palmyra, IN
property for sale

13552 Corydon Ramsey Rd NW

Palmyra, IN
property for sale

1260 County Line Rd NE

Palmyra, IN
property for sale

1900 Dogwood Estates Rd NW

Palmyra, IN

Cost Of Living Quick Facts

  • The cost of living in Palmyra is 4% lower than the Indiana average
  • The cost of living in Palmyra is 14% lower than the national average
  • Palmyra housing is 42% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Palmyra

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      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$76,950$6,413$1,795$2,309
      Renters$32,467$2,706$758$974

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Fredericksburg, IN43972.6%
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      Marengo, IN6808019.7%
      Livonia, IN788118.6%
      Milltown, IN8378218.0%
      Palmyra, IN1,6098614.3%

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      Fowler, MI1,609937.3%
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      Homer, MI1,6088515.2%
      Cardington, OH1,6088614.4%
      Palmyra, IN1,6098614.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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