Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Palmyra is a small-sized city located in the state of Missouri. The city has a population of 3,606 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (90% White). Given that fact, Palmyra could be considered less diverse than other cities. If you are not a fan of long commutes, you will enjoy living in Palmyra. With an average one way commute time of only 16 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Living in Palmyra can be a fulfilling experience for anyone relocating to the city. Having said that, in the state of Missouri, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, commute, education and other key data points, finding the best places to live in Palmyra and in the areas around Palmyra is a much easier task.
Palmyra, MO receives 70 out of 100 for its livability score; this results in a ranking of #96 in Missouri and #6,306 in the USA. Based on the grades for each individual category, Palmyra has been rewarded with high marks for crime (A), cost of living (A+) and housing (A-). There are some categories that Palmyra scores poorly for, including: amenities (F). It might be worth taking a closer look to find out why.
Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 28 crimes per 100,000 residents, Palmyra has a violent crime rate that is far below the national average.
The Palmyra unemployment rate of 1.9% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Finding affordable real estate and housing in Palmyra can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Palmyra meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Palmyra. Everything else becomes a lot less important if it turns out that home prices in Palmyra are simply unattainable. The median home price for Palmyra homes is $116,800, which is 17.3% lower than the Missouri average. If we take a closer look at the affordability of homes in Palmyra, we’ll see that the home price to income ratio is 2.3, which is 20.7% lower than the Missouri average.
| Statistic | Palmyra | Missouri | National |
| Average one way commute | 16min | 23min | 26min |
| Workers who drive to work | 83.7% | 81.6% | 76.4% |
| Workers who carpool | 6.0% | 9.1% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 5.5% | 1.9% | 2.8% |
| Working from home | 3.7% | 4.6% | 4.6% |
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