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. Much of the housing stock in Palmyra was built prior to World War II, making it one of the older and more historic villages in the country.

The percentage of people in Palmyra who are college-educated is somewhat higher than the average US community of 21.84%: 28.60% of adults in Palmyra have at least a bachelor's degree.

The per capita income in Palmyra in 2018 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.