Palo, Michigan

US Census Bureau ACS 5-Year Estimates ยท 2022

MI

Palo Demographics Overview

Total Population
407
ACS 2022 estimate
Median Household Income
$31,951
Annual household income
โ–ผ 57% vs US avg
Median Home Value
$91,300
Owner-occupied homes
โ–ผ 68% vs US avg
Median Gross Rent
$965
Monthly rent (incl. utilities)
โ–ผ 17% vs US avg
Median Age
26.5 years
Median age of residents
โ–ผ 32% vs US avg

Income & Economy

Median Household Income
$31,951
US avg: $74,580
vs. National Median-57.2%

Housing

Median Home Value
$91,300
US avg: $281,900
Median Gross Rent
$965/mo
US avg: $1,163/mo
Rent vs. National Avg-17.0%

Population

Total Population407
Median Age
26.5 years
US avg: 38.9 yrs

Data Source

Data for Palo comes from the US Census Bureau American Community Survey (ACS) 5-Year Estimates, covering the period 2018โ€“2022.

The ACS 5-Year estimates provide the most reliable demographic statistics available, especially for smaller communities, by pooling 5 years of survey data.

Learn more about the ACS โ†’

Palo, MI โ€” Frequently Asked Questions

Common questions about Palo demographics

What is the population of Palo, Michigan?

According to the US Census Bureau ACS 5-Year Estimates (2022), the population of Palo, Michigan is 407.

What is the median household income in Palo?

The median household income in Palo, Michigan is $31,951 per year, according to the 2022 ACS 5-Year Estimates. The US national median household income is approximately $74,580.

What is the cost of living in Palo?

Key cost indicators for Palo, Michigan:. Median home value: $91,300. Median gross rent: $965/month. Median household income: $31,951/year

What is the median home value in Palo?

The median home value in Palo, Michigan is $91,300, compared to the national median of approximately $281,900.

What is the average age in Palo?

The median age in Palo, Michigan is 26.5 years, compared to the US national median age of approximately 38.9 years.

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Palo, MI Demographics - Population, Income & Housing (2022)