|Year||Population||Rank in US||Growth Rate|
Based on the latest 2022 data from the US census, the current population of Palo is 1,404. Palo, Iowa is the 8,932nd largest city in the US.
The peak population of Palo was in 2020, when its population was 1,414. In 2020, Palo was the 8,897th largest city in the US; now its fallen to the 8,932nd largest city in the US. Palo is currently 0.7% smaller than it was in 2020.
Palo has grown 126.8% since the 2000. Palo, Iowa is growing extremely quickly; it is growing faster than 100% of similarly sized cities since 2000.
|8926||Awendaw, South Carolina||1,406||17.3%|
|8928||Wolfe City, Texas||1,406||-10.5%|
|8929||Capitan, New Mexico||1,405||-3.5%|
|8930||Bay City, Oregon||1,404||22.4%|
|8931||Oak Hill, Ohio||1,404||-16.1%|
|8935||Seven Points, Texas||1,402||9.6%|
The total voting age population of Palo, Iowa, meaning US citizens 18 or older, is 733. The voting age population is 55.7% male and 44.3% female.
According to the latest census statistics, 11.7% of the residents of Palo are 65 or older.
The racial demographics of Palo are 93.7% White, 3.4% Two or more races, 1.9% Other and 1.1% Asian. Additionally, 1.9% of the population identifies as Hispanic.
In Palo, 6.2% of residents have an income below the poverty line, and the child poverty rate is 7.8%. On a per-household basis, 3.2% of families are below the poverty line in Palo.
Among those aged 16 and older, 77.9% of Palo residents are in the labor force.
Among the adult population 25 years old and over, 95.0% of Palo residents have at least a high school degree or equivalent, 21.0% have a bachelor's degree and 4.0% have a graduate or professional degree.
Among Palo residents aged 5 and older, 3.7% of them speak a non-English language at home. Broken down by language: 2.1% of residents speak Spanish at home, 0.0% speak an Indo-European language, and 1.6% speak an Asian language.
The unemployment rate in Palo is 3.2%, which is calculated among residents aged 16 or older who are in the labor force.
In Palo, 7.4% of the residents in the non-military labor force are employed by the local, state and federal government.
The median household income in Palo is $76,944.
In Palo, 83.9% of housing units are occupied by their owners.
Renters occupy 16.1% of housing units in Palo.
Of all the housing units in Palo, 15.1% of them were build before 1940.
In Palo, 51.3% of the total housing units were built after the year 2000, which is approximately 200 units.
The median gross monthly rent payment for renters in Palo is $1,006.
In Palo, 82.4% of households have an active broadband internet connection.