Palmyra is a very small village located in the state of New York. With a population of 3,304 people and three associated neighborhoods, Palmyra is the 440th largest community in New York. Palmyra has an unusually large stock of pre-World War II architecture, making it one of the older and more historic villages.

The overall education level of Palmyra is somewhat higher than in the average US city of 21.84%: 28.60% of adults 25 and older in the village have at least a bachelor's degree.

The per capita income in Palmyra in 2022 was $54,938, which is upper middle income relative to New York, and wealthy relative to the rest of the US. This equates to an annual income of $219,752 for a family of four. However, Palmyra contains both very wealthy and poor people as well.

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 German, Irish, English, Italian, and Dutch.

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