What is the median household income in Palmyra, WI?
The median household income in Palmyra, WI is $86,058 (±$15,637) a year (2020–2024 American Community Survey).
Paying the median gross rent of $775 a month would take about $31,000 a year at the common guideline of spending no more than 30% of income on rent.
In Palmyra, the median household income went from $52,426 in 2015–2019 to $86,058 in 2020–2024 (+64.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $86,058 (±$15,637)
- Income to afford median rent
- about $31,000
Income in Palmyra against Jefferson County, its state and the nation
| Palmyra | Jefferson County | Wisconsin | United States | |
|---|---|---|---|---|
| Median household income | $86,058 (±$15,637) | $83,750 (±$2,615) | $77,485 (±$455) | $80,734 |
| Median renter household income | — | $56,288 (±$6,943) | $48,374 (±$478) | $52,966 |
| Median owner household income | $95,739 (±$14,026) | $95,581 (±$3,779) | $95,874 (±$462) | $100,009 |
| Median gross rent | $775 (±$15) | $1,035 (±$34) | $1,087 (±$4) | $1,413 |
In Palmyra, median household income is not measurably different from Jefferson County ($83,750).
It is not measurably different from Wisconsin ($77,485).
It is not measurably different from the national figure ($80,734).
In Jefferson County, Palmyra ranks 19 of 24 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 702 of 1,844.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Palmyra
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $775 a month ($9,300 a year) needs an income of about $31,000 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $52,426 (±$9,296) | $86,058 (±$15,637) | +64.2% | Up after inflation |
| Median gross rent | $725 (±$135) | $775 (±$15) | +6.9% | No measurable change after inflation |
| Median home value | $156,000 (±$8,983) | $213,100 (±$10,259) | +36.6% | 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
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Palmyra | — | $86,058 (±$15,637) | — |
| Town of Palmyra | 0.5 mi | $86,250 (±$32,978) | Not measurably different |
| Town of Eagle (Waukesha County) | 5.8 mi | $125,792 (±$22,325) | Higher |
| Town of La Grange (Walworth County) | 6.1 mi | $96,136 (±$22,795) | Not measurably different |
| Town of Cold Spring | 6.2 mi | $125,000 (±$22,262) | Higher |
| Town of Sullivan | 6.3 mi | $85,833 (±$8,331) | Not measurably different |
| Eagle | 6.8 mi | $112,083 (±$24,226) | Not measurably different |
| Town of Hebron | 7.3 mi | $94,438 (±$26,912) | Not measurably different |
| Whitewater | 7.5 mi | $54,969 (±$9,908) | Lower |
Nearby places with a measurably lower figure: Whitewater, WI ($54,969).
Nearby places with a measurably higher figure: Town of Eagle (Waukesha County), WI ($125,792), Town of Cold Spring, WI ($125,000).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Jefferson County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 13 | Town of Ixonia | $89,427 (±$11,832) |
| 14 | Town of Milford | $88,355 (±$24,851) |
| 15 | Town of Farmington (Jefferson County) | $88,021 (±$13,572) |
| 16 | Waterloo | $87,776 (±$19,309) |
| 17 | Town of Sumner (Jefferson County) | $86,429 (±$21,418) |
| 18 | Town of Palmyra | $86,250 (±$32,978) |
| 19 | Palmyra | $86,058 (±$15,637) |
| 20 | Town of Sullivan | $85,833 (±$8,331) |
| 21 | Fort Atkinson | $79,302 (±$8,042) |
| 22 | Jefferson | $79,006 (±$8,267) |
| 23 | Sullivan | $71,250 (±$24,820) |
| 24 | Watertown | $70,107 (±$5,618) |
Showing 12 of 24 places in Jefferson 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
What is the median household income in Palmyra?
The median household income in Palmyra is $86,058 (±$15,637) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Palmyra?
About $31,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $775 a month.
Have incomes in Palmyra kept up with inflation?
In Palmyra, the median household income went from $52,426 in 2015–2019 to $86,058 in 2020–2024 (+64.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Palmyra village, Wisconsin
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Palmyra village, Wisconsin
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palmyra village, Wisconsin
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Palmyra village, Wisconsin
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Palmyra village, Wisconsin
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Palmyra village, Wisconsin
- 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 village, Wisconsin (place:61025, in state:55).
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 at a glance
- Median rent in Palmyra
- Rent by bedrooms in Palmyra
- Renters and owners in Palmyra
- Home values in Palmyra
- Homeowner costs in Palmyra
- Property taxes in Palmyra
- Types of homes in Palmyra
- Bedrooms in Palmyra
- Age of homes in Palmyra
- Heating fuel in Palmyra
- Commute and cars in Palmyra
- Crime reported to police in Palmyra
- Population growth in Palmyra
- How long people stay in Palmyra
- Wisconsin landlord and tenant rules
- Housing across Jefferson County
- Wisconsin places ranked by median household income
- Housing data for every place in Wisconsin