Palmyra, IL vs Wyoming, IL

Palmyra, IL and Wyoming, IL have a very similar cost of living, with only a 0.1% difference in their overall index. Palmyra scores 61 while Wyoming scores 61 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Palmyra is $670/month compared to $686/month in Wyoming — a 2% difference. Home values follow the same pattern: Palmyra is more affordable at $86,400 median vs $105,700.

Median household income in Palmyra is $46,477 compared to $57,969 in Wyoming (-19.8%). Wyoming offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Palmyra spend roughly 17.3% of their income on rent, more than the 14.2% in Wyoming.