What is the cost of living in Palmyra, NJ?
According to the most recent data on the cost of living, Palmyra has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to New Jersey, Palmyra has a cost of living index that's 0.9x lower than New Jersey's index of 125.
The standard of living in Palmyra ranks as #32 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Palmyra ranks as the #230 most expensive place in the Garden State.
For more reading on life in Palmyra, check out:
Palmyra Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Palmyra. Here is how it fares on each of the criteria:
The Services index in Palmyra is 107.
The Groceries index in Palmyra is 110.
The Health index in Palmyra is 116.
The Housing index in Palmyra is 113.
The Transportation index in Palmyra is 111.
The Utilities index in Palmyra is 115.
| Living Expense | Palmyra | New Jersey | National Average |
|---|---|---|---|
| Overall | 111 | 125 | 100 |
| Services | 107 | 107 | 100 |
| Groceries | 110 | 113 | 100 |
| Health | 116 | 155 | 100 |
| Housing | 113 | 116 | 100 |
| Transportation | 111 | 112 | 100 |
| Utilities | 115 | 113 | 100 |
Palmyra Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Palmyra Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Palmyra, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Palmyra is $308,881.
The Median Rent in Palmyra is $1,696.
The Median Income in Palmyra is $89,574.
The Home Value To Income in Palmyra is 3.4x.
The Rent To Monthly Income in Palmyra is 0.23x.
| Statistic | Palmyra | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $308,881 | $569,411 | $332,700 |
| Median Rent | $1,696 | $1,720 | $1,413 |
| Median Income | $89,574 | $103,556 | $80,734 |
| Home Value To Income | 3.4x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Palmyra, NJ Costs By Category
Detailed Palmyra Services costs vs. New Jersey
| Item | Palmyra | New Jersey |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $13.75 | $12.13 |
| Bowling | $19.47 | $18 |
| Haircut | $23.54 | $24.26 |
| Beauty Salon | $66.27 | $45.56 |
Detailed Palmyra Groceries costs vs. New Jersey
| Item | Palmyra | New Jersey |
|---|---|---|
| Ground Beef | $5.76 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.73 | $12.09 |
| Beer | $11.99 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Palmyra Health costs vs. New Jersey
| Item | Palmyra | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Palmyra Transportation costs vs. New Jersey
| Item | Palmyra | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Palmyra Utilities costs vs. New Jersey
| Item | Palmyra | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Palmyra SnackAbility
Cost Of Living In Cities Around Palmyra
The cost of living varies in the cities and towns around Palmyra. Here's a quick look at the cost of living in the most populous nearby places:
Philadelphia, PA has a cost of living index of 103, 0.9x Palmyra.
Camden, NJ has a cost of living index of 96, 0.9x Palmyra.
Springdale, NJ has a cost of living index of 125, 1.1x Palmyra.
| City | Population | Cost Of Living | Vs. Palmyra |
|---|---|---|---|
| Philadelphia, PA | 1,579,706 | 103 | 0.9x |
| Camden, NJ | 71,496 | 96 | 0.9x |
| Springdale, NJ | 15,173 | 125 | 1.1x |
| Moorestown-Lenola, NJ | 14,625 | 138 | 1.2x |
| Cherry Hill Mall, NJ | 14,541 | 122 | 1.1x |
| Ardmore, PA | 13,909 | 127 | 1.1x |
| Greentree, NJ | 11,537 | 135 | 1.2x |
| Ashland, NJ | 9,320 | 122 | 1.1x |
| Glenside, PA | 7,659 | 115 | 1.0x |
| Kingston Estates, NJ | 6,668 | 119 | 1.1x |
