What is the median household income in Palmyra Township, IN?
The median household income in Palmyra Township, IN is $98,705 (±$30,054) a year (2020–2024 American Community Survey).
In Palmyra Township, the median household income went from $79,417 in 2015–2019 to $98,705 in 2020–2024 (+24.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $98,705 (±$30,054)
Income in Palmyra Township against Knox County, its state and the nation
| Palmyra Township | Knox County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $98,705 (±$30,054) | $61,237 (±$4,302) | $71,957 (±$352) | $80,734 |
| Median renter household income | — | $35,069 (±$4,742) | $42,811 (±$480) | $52,966 |
| Median owner household income | $98,705 (±$30,054) | $76,933 (±$5,889) | $87,459 (±$395) | $100,009 |
| Median gross rent | — | $796 (±$45) | $1,062 (±$5) | $1,413 |
In Palmyra Township, median household income is higher than in Knox County ($61,237).
It is not measurably different from Indiana ($71,957).
It is not measurably different from the national figure ($80,734).
In Knox County, Palmyra Township ranks 2 of 17 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 195 of 1,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $79,417 (±$29,753) | $98,705 (±$30,054) | +24.3% | No measurable change after inflation |
| Median home value | $140,900 (±$8,215) | $241,800 (±$57,265) | +71.6% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Palmyra Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Palmyra Township | — | $98,705 (±$30,054) | — |
| Steen Township | 5.1 mi | $54,680 (±$3,805) | Lower |
| Bruceville | 5.1 mi | $55,000 (±$17,683) | Lower |
| Wheatland | 5.2 mi | $42,344 (±$16,426) | Lower |
| Monroe City | 5.4 mi | $56,094 (±$38,008) | Not measurably different |
| Vincennes | 6.1 mi | $53,637 (±$5,502) | Lower |
| Washington Township (Knox County) | 6.3 mi | $51,786 (±$15,780) | Lower |
| Harrison Township (Knox County) | 7.8 mi | $87,563 (±$14,537) | Not measurably different |
| Bicknell | 7.9 mi | $52,188 (±$21,796) | Lower |
Nearby places with a measurably lower figure: Steen Township, IN ($54,680), Bruceville, IN ($55,000), Wheatland, IN ($42,344).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Knox County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Johnson Township (Knox County) | $113,674 (±$15,150) |
| 2 | Palmyra Township | $98,705 (±$30,054) |
| 3 | Harrison Township (Knox County) | $87,563 (±$14,537) |
| 4 | Widner Township | $70,236 (±$19,783) |
| 5 | Sandborn | $61,125 (±$15,119) |
| 6 | Vigo Township | $59,120 (±$9,834) |
| 7 | Vincennes Township | $58,588 (±$4,597) |
| 8 | Monroe City | $56,094 (±$38,008) |
Showing 8 of 17 places in Knox County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Palmyra Township
What is the median household income in Palmyra Township?
The median household income in Palmyra Township is $98,705 (±$30,054) a year (2020–2024 American Community Survey).
Have incomes in Palmyra Township kept up with inflation?
In Palmyra Township, the median household income went from $79,417 in 2015–2019 to $98,705 in 2020–2024 (+24.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Palmyra township, Knox County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Palmyra township, Knox County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palmyra township, Knox County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Palmyra township, Knox County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Palmyra township, Knox County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Palmyra township, Knox County, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Palmyra township, Knox County, Indiana (county subdivision:57744, in state:18 county:083).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Palmyra Township at a glance
- Home values in Palmyra Township
- Homeowner costs in Palmyra Township
- Property taxes in Palmyra Township
- Types of homes in Palmyra Township
- Age of homes in Palmyra Township
- Heating fuel in Palmyra Township
- Commute and cars in Palmyra Township
- Population growth in Palmyra Township
- Indiana landlord and tenant rules
- Housing across Knox County
- Indiana places ranked by median household income
- Housing data for every place in Indiana