Palmyra is located close to the center of Utah. Palmyra is part of Utah County. Palmyra has 11.42 square miles of land area and 0.24 square miles of water area. As of 2010-2014, the total Palmyra population is 571, which has grown 17.73% since 2000. The population growth rate is much lower than the state average rate of 27.98% and is much higher than the national average rate of 11.61%. Palmyra median household income is $58,495 in 2010-2014 and has has shrunk by 0.43% since 2000. The income growth rate is much lower than the state average rate of 30.88% and is much lower than the national average rate of 27.36%. Palmyra median house value is $296,900 in 2010-2014 and has shrunk by -54.31% since 2000. The house value growth rate is higher than the state average rate of 45.45% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Palmyra is much better than the state average in quality.