Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 28.5 yrs |
|---|---|
| Avg HH Size | 2.68 |
| Below Poverty | 19.6% ▲ 96% above avg |
| College Grads | 1.6% ▼ 96% below avg |
| HS Graduate | 71 (55.9%) |
| Associates | 54 (42.5%) |
| Bachelors | 2 (1.6%) |
Education
Home Value Distribution
Financials
| Median HH Income | $34,091 ▼ 55% below avg |
|---|---|
| Median Home Value | $93,200 ▼ 67% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Total Housing Units | 76 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palo is a city in Michigan, located in Ionia County. The city spans 1 ZIP code and is home to approximately 204 residents. It is a young city, with a median age of 28.5 years.
Economically, Palo is a lower-income community. The median household income of $34,091 is well below the national average. Approximately 19.6% of residents live below the poverty line.
The real estate market in Palo is one of the more affordable housing markets in the country. Median home values stand at $93,200, which is well below the national average. Homeownership is high at 100.0%, typical of suburban and family-oriented communities.
The population of Palo is less-educated. 1.6% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (98.04%).
Palo, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48870 | 204 | $34,091 | $93,200 | — | 0.0% | 1.6% | 100.0% |