Palmyra is a tiny town located in the state of Virginia. With a population of 127 people and three associated neighborhoods, Palmyra is the 412th largest community in Virginia. Much of the housing stock in Palmyra was built relatively recently. The construction of new real estate can often be taken as an indication that the local Palmyra economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Palmyra, where the median household income is .

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.

A relatively large number of people in Palmyra telecommute to their jobs. Overall, about 12.68% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.

Palmyra is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Palmyra’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.

One downside of living in Palmyra, however, is that residents on average have to contend with a long commute, spending on average 46.94 minutes every day commuting to work.

Palmyra is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

If knowledge is power, Palmyra is a pretty powerful place. 54.93% of the adults in Palmyra have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Palmyra in 2022 was $27,888, which is lower middle income relative to Virginia and the nation. This equates to an annual income of $111,552 for a family of four.

Palmyra is an extremely ethnically-diverse town. 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. Palmyra also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 39.18% of the town’s residents. Important ancestries of people in Palmyra include German, Dutch, Yugoslavian, Other West Indian, and West Indian.

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