At a Glance
Median Income
$103,646
$41,216 per capita
Home Value
$274,200
Zillow: $341,983
Median Rent
$1,063/mo
23.8% of income on rent
Bachelor's Degree+
27.5%
98.6% high school+
Unemployment
2.3%
0.9% poverty rate
Obesity Rate
32.6%
11.7% smoking rate
How Palo Compares to the U.S. Average
Each bar shows Palo's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Palo a Good Place to Live?
A
4.4 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Palo residents earn a median household income of $103,646 , which is 38% above the national average of $75,149.
Per capita income is $41,216. The unemployment rate stands at 2.3% (36% below the U.S. rate of 3.6%). 0.9% of residents live below the poverty line. The area is home to 7,760 business establishments, including 543 restaurants.
Housing & Cost of Living
The median home value in Palo is $274,200 , 3% below the national median of $281,900.
Zillow estimates the typical home at $341,983. Median rent is $1,063/month, with 23.8% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 2004.
Education
27.5% of adults in Palo hold a bachelor's degree or higher
(18% below the national average).
98.6% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
Palo has an average annual temperature of 48°F (9°C).
Winters average 20°F in January while summers reach 73°F in July. Annual precipitation totals 35.9 inches. Air quality is rated Good with a median AQI of 44.
Data Overview
People
Population1,173
Median Age32.7 yrs
Density978/mi²
Male / Female53% / 48%
Foreign Born1.6%
Veterans5.8%
Economy
A+
Median Income$103,646
Per Capita$41,216
Unemployment2.3%
Poverty0.9%
County GDP$21,899M
Avg Weekly Wage$1,300
Housing
A+
Home Value$274,200
Rent$1,063
Ownership95.3%
Zillow$341,983
Housing Units430
Rent Burden23.8%
Health
Obesity32.6%
Diabetes8.1%
Smoking11.7%
Heart Disease4.6%
Premature Death7,001/100K
Climate
Avg Temp48°F
Rain35.9 in/yr
AQI44 (Good)
Elevation744 ft
Education
B
Bachelor's+27.5%
High School+98.6%
Graduate+6.4%
School Score6.0/10
Community
2024 VoteR 44% / D 54%
Commute27 min
Broadband96.3%
Internet Speed127 Mbps
EV Stations3
Libraries12
Did You Know?
Palo was founded in 1854.
The median home in Palo was built in 2004.
The nearest airport is The Eastern Iowa (12 miles).
The Gini coefficient (income inequality) is 0.446 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
5.2% of the population has a disability.
Average internet download speed is 127 Mbps.
There are 543 restaurants in the area.
The county recorded 14 fatal vehicle crashes.