Last updated: 2024 BLS data · Page refreshed:
Palo has a population of 1,438 with a median age of 32.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,438 |
| Median Age | 32.7 |
| White | 94.3% |
| Black or African American | 1.1% |
| Asian | 0.2% |
| Hispanic or Latino | 0.6% |
| Other / Two or More Races | 3.8% |
The median household income in Palo is $106,375, which is 32.0% above the national median of $80,610. The per capita income is $40,829. The poverty rate is 5.5%.
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In Palo, 98.2% of residents age 25+ have a high school diploma or higher, and 27.2% hold a bachelor's degree or higher (5.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 98.2% |
| Bachelor's Degree or Higher | 27.2% |
| Graduate or Professional Degree | 5.2% |
The median home value in Palo is $282,400, below the national median of $303,400. The median monthly rent is $717. The homeownership rate is 97.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $282,400 |
| Median Monthly Rent | $717 |
| Homeownership Rate | 97.5% |
| Vacancy Rate | 1.7% |
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