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The total population of Palo is estimated to be 1,162 with 627 males (53.96%) and 535 females (46.04%). There are 92 less females than males in Palo.
The median household income in Palo was $93,808 in 2021, which marked an an increase of 796(0.86%) from $93,012 in 2020. This income is 125.74% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Palo sees its highest median household income among householders in the age group of 25 to 44 years old, at $123,818. Overall, the median household income for the city of Palo stands at $93,808.
In Palo, the median income for all workers aged 15 years and older, regardless of work hours, was $58,550 for males and $44,202 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $76,436 for males and $53,887 for females.
In Palo, there are just two different racial groups among households. Among these, White households report a median household income of $101,721, while Two or More Races households have a median household income of $93,078.
In 2022, the population of Palo was 1,419, a 1.07% increase year-by-year from 2021. Previously, in 2021, Palo's population was 1,404, a decline of 0.57% compared to a population of 1,412 in 2020.
The median age in Palo, IA is 36.3, as per 2021 ACS 5-Year Estimates. Of the total population, 25.00% were under the age of 15, 15.74% aged 15 to 29, 49.54% aged 30 to 64, 9.72% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Palo population: 92.50% are White, 0.74% are Black or African American, 0.28% are Asian, 1.39% are some other race and 5.09% are multiracial.