Living in Palo, Michigan
Cost of living, income, home prices, rent and demographics of Palo · Census data 2020–2024
Palo has 375 residents with a median age of 30.2. The median household income is $34,489 (53% lower than the Michigan median), the median home value is $94,300.
Palo is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Palo at a glance
- Population
- 375
- Median age
- 30.2State: 40.2
- Median household income
- $34,489State: $72,875
- Median home value
- $94,300State: $231,600
- Homeowners
- 100%
- Bachelor's degree or higher
- 0%
- Average commute
- 57 min
Is Palo a good place to live?
Pros: Home values 59% lower than the state median.
Cons: Median household income 53% lower than the Michigan median; an average commute of 57 minutes; a poverty rate of 20.3%.
The weather is best in June to September.
Cost of living in Palo
Housing is the biggest part of the cost of living. In Palo the median home value is $94,300, 72% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,625 a month in housing costs.
Palo median household income
The median household income in Palo is $34,489 and the income per person is $15,978. 20.3% of residents live below the poverty line (Michigan: 13.2%).
Housing in Palo: homes for sale and rent
- Housing units
- 118
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 3.18
Palo demographics
- Population
- 375
- Median age
- 30.2
- Under 18
- 22.7%
- 65 and older
- 5.3%
- Households
- 118
- Foreign-born
- 4.3%
- Veterans
- 0.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Palo ›
Education in Palo
0% of adults 25 and older in Palo have a bachelor's degree or higher (Michigan: 32.4%), and 0% have a graduate or professional degree.
Jobs and commute in Palo
- Unemployment rate
- 0%State: 5.7%
- Average commute
- 57 minState: 24 min
- Work from home
- 0%
- Drive alone
- 67.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.8%
Palo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palo | 375 | $34,489 | $94,300 | — |
| Hubbardston | 464 | $83,750 | $128,400 | $840 |
| Muir | 490 | $46,771 | $143,100 | $538 |
| Sheridan | 746 | $59,063 | $165,700 | $800 |
| Carson City | 1,233 | $44,375 | $123,600 | $680 |
| Lyons | 896 | $68,603 | $121,500 | $1,063 |
| Ionia | 12,753 | $63,978 | $164,800 | $852 |
| Pewamo | 439 | $72,500 | $189,400 | $960 |
| Crystal | 1,114 | $41,806 | $197,300 | $597 |
More for people moving to Palo
Palo ZIP code ›Weather and climate ›Living in Palo: FAQ
What is the median household income in Palo, MI?
The median household income in Palo is $34,489, 53% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palo?
The median home value in Palo is $94,300, compared with $231,600 in Michigan.
Is Palo, MI a good place to live?
Pluses: home values 59% lower than the state median. Minuses: median household income 53% lower than the Michigan median; an average commute of 57 minutes; a poverty rate of 20.3%.
What is the median age in Palo?
The median age in Palo is 30.2 years (Michigan: 40.2).
How long is the commute in Palo?
The average commute to work in Palo is 57 minutes; 0% of workers work from home.
What is the unemployment rate in Palo?
The unemployment rate in Palo is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palo?
0% of adults in Palo have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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