Income & Economy in Palmyra town, IN (47164)
Median Income
$62,181
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+153
Wealth inflow
Population
3,319
Unemployment
3.9%
0.2pp above US avg
IRS migration statistics show a net inflow of about 153 for ZIP 47164 (Palmyra town, IN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 47164 (2020–Present)
Since 2020, population declined 17.2%, median income fell 0.6% (inflation-adjusted), home values increased 22.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $62,181 |
| Unemployment | 3.9% |
| Establishments | 44 |
| Employees | 334 |