Palmyra, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
108
Palmyra's Overall Cost Of Living
1.1x
Higher Than The National Average
38 out of 251
In New Jersey
3,954 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Palmyra is expensive, while a number below 100 means it's a relatively cheap place to live.

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 108 which is 1.1x higher than the national index of 100.

Compared to only New Jersey, Palmyra has a cost of living index that's 0.9x lower than New Jersey's index of 121.

The standard of living in Palmyra ranks as #3,955 most affordable out of the 6,418 places we measured in New Jersey. By definition, that implies Palmyra ranks as the #2,464 most expensive place in the Garden State.

For more reading on life in Palmyra, check out:

Palmyra Cost Of Living Vs. New Jersey

Living Expense Palmyra New Jersey National Average
Overall 108 121 100
Services 107 107 100
Groceries 121 107 100
Health 102 100 100
Housing 103 160 100
Transportation 116 106 100
Utilities 113 98 100
For more reading on cost of living around New Jersey, check out:
Palmyra Cost of Living Vs. NJ

Palmyra, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$175,400
Median Home Value
$1,456
Median Rent
$73,212
Median Income
Statistic Palmyra New Jersey United States
Median Home Value $175,400 $343,500 $229,800
Median Rent $1,456 $1,368 $1,096
Median Income $73,212 $85,245 $64,994
Home Value To Income 2.4x 4.0x 3.5x
Rent To Monthly Income 0.24x 0.19x 0.2x

Detailed Palmyra Services Costs Vs. New Jersey

Item Palmyra New Jersey
Shampoo $1.02 $1.06
Movie $12.0 $10.68
Bowling $18.8 $14.67

Detailed Palmyra Groceries Costs Vs. New Jersey

Item Palmyra New Jersey
Ground Beef $4.57 $4.22
Fried Chicken $1.6 $1.39
Milk $2.18 $2.05

Detailed Palmyra Health Costs Vs. New Jersey

Item Palmyra New Jersey
Haircut $19.66 $18.62
Beauty Salon $60.55 $39.05
Toothpaste $2.34 $2.34

Detailed Palmyra Transportation Costs Vs. New Jersey

Item Palmyra New Jersey
Potatoes $3.66 $3.29
Pizza $10.67 $10.62
Beer $8.81 $9.38
Optometrist $108.61 $108.57
Doctor $133.89 $116.17
Dentist $96.86 $99.13

Detailed Palmyra Utilities Costs Vs. New Jersey

Item Palmyra New Jersey
Gasoline $2.42 $2.22
Tire Balancing $60.97 $50.07
All Electricity $193.98 $167.67
Phone $192.07 $175.64

Palmyra SnackAbility

7
/10
Overall SnackAbility
Jobs
7/10
Housing
8.5
Affordability
7
Diversity
9
Safety
6
Amenities
8.5
Education
8.5
Commute
7

Cost Of Living In Cities Around Palmyra

City Population Cost Of Living Vs. Palmyra
Philadelphia, PA 1,581,531 102 0.9x
Camden, NJ 73,742 94 0.9x
Springdale, NJ 14,111 135 1.2x
Moorestown-Lenola, NJ 13,879 133 1.2x
Cherry Hill Mall, NJ 13,845 118 1.1x
Ardmore, PA 13,567 126 1.2x
Greentree, NJ 10,597 126 1.2x
Ashland, NJ 8,853 117 1.1x
Glenside, PA 7,237 117 1.1x
Maple Glen, PA 6,691 137 1.3x

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