Cost of Living in Palmyra, MO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.3
100 = national avg
-1.7 vs national average
Living Wage (1 Adult)
$43,273
per year
Living Wage (Family of 4)
$102,282
per year
Cost Index by Category
Housing88.6
Food102.9
Transportation105.8
Healthcare102.3
Utilities99.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$729
per month
2 Bedroom
$952
per month
The overall cost of living index in Palmyra is 98.3, which is 1.7% below the national average. Housing costs are below the national average at an index of 88.6. A single adult needs to earn approximately $43,273 per year to cover basic expenses.