Living in Palisade, Minnesota
Cost of living, income, home prices, rent and demographics of Palisade · Census data 2020–2024
Palisade has 148 residents with a median age of 55.8. The median household income is $29,583 (67% lower than the Minnesota median), the median home value is $86,700.
Palisade is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Palisade at a glance
- Population
- 148
- Median age
- 55.8State: 38.8
- Median household income
- $29,583State: $89,062
- Median home value
- $86,700State: $329,300
- Homeowners
- 85.9%
- Bachelor's degree or higher
- 5.8%
- Average commute
- 40 min
Is Palisade a good place to live?
Pros: Home values 74% lower than the state median.
Cons: Median household income 67% lower than the Minnesota median; an average commute of 40 minutes; unemployment of 7%; a poverty rate of 24.3%.
The weather is best in June to September.
Cost of living in Palisade
Housing is the biggest part of the cost of living. In Palisade the median home value is $86,700, 74% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,279 a month in housing costs.
Palisade median household income
The median household income in Palisade is $29,583 and the income per person is $27,224. 24.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Palisade: homes for sale and rent
- Housing units
- 109
- Owner-occupied
- 85.9%
- Renter-occupied
- 14.1%
- Vacant
- 22%Includes seasonal homes
- Median year built
- 1950
- Average household size
- 1.74
Palisade demographics
- Population
- 148
- Median age
- 55.8
- Under 18
- 16.2%
- 65 and older
- 25.7%
- Households
- 85
- Foreign-born
- 0%
- Veterans
- 24.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Palisade ›
Education in Palisade
5.8% of adults 25 and older in Palisade have a bachelor's degree or higher (Minnesota: 39.4%), and 0.8% have a graduate or professional degree.
Jobs and commute in Palisade
- Unemployment rate
- 7%State: 4.1%
- Average commute
- 40 minState: 23 min
- Work from home
- 9.8%
- Drive alone
- 90.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 84.7%
Palisade vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palisade | 148 | $29,583 | $86,700 | — |
| McGregor | 367 | $26,250 | $114,300 | $591 |
| Aitkin | 2,323 | $47,978 | $181,300 | $679 |
| Hill City | 503 | $37,396 | $162,000 | $522 |
| Emily | 693 | $68,250 | $348,800 | $680 |
| Cuyuna | 250 | $81,875 | $308,300 | — |
| Deerwood | 710 | $62,981 | $225,000 | $711 |
| Crosby | 2,218 | $41,554 | $185,600 | $849 |
| Cromwell | 423 | $58,750 | $156,300 | $463 |
More for people moving to Palisade
Palisade ZIP code ›Weather and climate ›Living in Palisade: FAQ
What is the median household income in Palisade, MN?
The median household income in Palisade is $29,583, 67% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palisade?
The median home value in Palisade is $86,700, compared with $329,300 in Minnesota.
Is Palisade, MN a good place to live?
Pluses: home values 74% lower than the state median. Minuses: median household income 67% lower than the Minnesota median; an average commute of 40 minutes; unemployment of 7%; a poverty rate of 24.3%.
What is the median age in Palisade?
The median age in Palisade is 55.8 years (Minnesota: 38.8).
How long is the commute in Palisade?
The average commute to work in Palisade is 40 minutes; 9.8% of workers work from home.
What is the unemployment rate in Palisade?
The unemployment rate in Palisade is 7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palisade?
5.8% of adults in Palisade 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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