Cost of Living in Palmyra, NE
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.3
100 = national avg
+14.3 vs national average
Living Wage (1 Adult)
$50,285
per year
Living Wage (Family of 4)
$118,855
per year
Cost Index by Category
Housing109.1
Food112.3
Transportation124.5
Healthcare109.8
Utilities109.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$783
per month
2 Bedroom
$1,028
per month
The overall cost of living index in Palmyra is 114.3, which is 14.3% above the national average. Housing costs are above the national average at an index of 109.1. A single adult needs to earn approximately $50,285 per year to cover basic expenses.