Palmyra is a somewhat small borough located in the state of New Jersey. With a population of 7,470 people and three associated neighborhoods, Palmyra is the 253rd largest community in New Jersey. Palmyra has an unusually large stock of pre-World War II architecture, making it one of the older and more historic boroughs.

Also of interest is that Palmyra has more people living here who work in computers and math than 95% of the places in the US.

Telecommuters are a relatively large percentage of the workforce: 12.15% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

The overall education level of Palmyra citizens is substantially higher than the typical US community, as 31.27% of adults in Palmyra have at least a bachelor's degree, and the average American community has 21.84%.

The per capita income in Palmyra in 2022 was $44,593, which is lower middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $178,372 for a family of four. However, Palmyra contains both very wealthy and poor people as well.

Palmyra is an extremely ethnically-diverse borough. The people who call Palmyra home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palmyra residents report their race to be White, followed by Black or African-American. Important ancestries of people in Palmyra include Irish, German, Italian, English, and Polish.

The most common language spoken in Palmyra is English. Other important languages spoken here include Spanish and African languages.