Palo, MI
Full City Profile · Michigan · Gratiot County County
4.2
/5.0
A
Great
409
Population
584/sq mi density
$34,403
Median Income
$13,500 per capita
$92,600
Home Value
$230,599 Zillow
47°F
Avg Temperature
A
Overall
4.2 / 5.0
Strong
B
Economy
3.1 / 5.0
$34,403 median income, 3.7% unemployment
A+
Affordability
5.0 / 5.0
$92,600 home value, /mo rent
A+
Education
4.6 / 5.0
0.0% bachelor's degree or higher
Change Over Time (2021, 2023)
Population Change
-1%
413 → 409
over 2 years
Annual Pop. Growth
-0.49%
Compound annual growth rate
Median Income Change
+15.3%
$29,840 → $34,403
nominal, not inflation-adjusted
Annual Income Growth
+7.37%
Compound annual growth rate
Population Over Time
Total population for Palo across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2021, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
395
-14 from 2023 (409)
Projected Median Income 2030
$56,595
+$22,192 from 2023 ($34,403)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2021 | 413 | - | $29,840 | - |
| 2023 | 409 | -1% | $34,403 | +15.3% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.