Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.9 yrs |
|---|---|
| Avg HH Size | 2.73 |
| Below Poverty | 2.6% ▼ 74% below avg |
| College Grads | 41.8% ▲ 8% above avg |
| Unemployment | 1.4% ▼ 71% below avg |
| No HS Diploma | 13 (1%) |
| HS Graduate | 388 (29.3%) |
| Some College | 114 (8.6%) |
| Associates | 254 (19.2%) |
| Bachelors | 168 (12.7%) |
| Graduate Degree | 385 (29.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $109,432 ▲ 43% above avg |
|---|---|
| Median Home Value | $320,900 ▲ 15% above avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $861/mo |
| Total Housing Units | 723 |
| Vacant Units | 8 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palo is a city in Iowa, located in Linn County. The city spans 1 ZIP code and is home to approximately 1,955 residents. It is a relatively young city, with a median age of 36.9 years.
Economically, Palo is a upper-middle-income community. The median household income of $109,432 is above the national average. Approximately 2.6% of residents live below the poverty line. The unemployment rate is 1.4%, well below the national average.
The real estate market in Palo is a mid-range housing market. Median home values stand at $320,900, which is above the national average. Renters typically pay around $861 per month. Homeownership is high at 90.5%, typical of suburban and family-oriented communities.
The population of Palo is well-educated. 41.8% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (95.14%).
Palo, IA offers residents above-average earning potential within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 52324 | 1,955 | $109,432 | $320,900 | $861 | 1.4% | 41.8% | 90.5% |