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.

A relatively large number of people in Palmyra telecommute to their jobs. Overall, about 12.15% 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.

In terms of college education, Palmyra is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 31.27% of adults in Palmyra have a college degree.

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.