1 Floor Plan
The small town of Palo, Iowa is home to approximately 1,000 residents. The town's population, at an average age of just over 36, is decidedly younger than most cities in Iowa. Just 6% of residents rent in Palo, as home ownership is common in the area. With an average rent of $1,045 a month, exceeding the state average by $235 per month, relatively high rent costs may be a factor in the higher levels of ownership.
If you're looking for a number of career options, Palo has plenty. The four most common industries are manufacturing, scientific, education, and retail. Together, these industries make up 31% of the labor force in the town. Meanwhile, looking at job function, many of the town's residents work in management, as 12% of the town's population reports this as their field of work, the highest number of any career path. Palo workers take home an average annual income of just under $95,000, around $27,000 more than the Iowa average. Palo's average income also compares favorably to the national average ($73,345). Compared to the national average (13%), Palo has a relatively high number of residents older than 25 who have Bachelor's degrees (16%). Furthermore, 4% possess a Master's or Doctoral degree.
Palo has an average commute time of about 21 minutes. Driving a car or truck is the most common means of commuting to work, opted for by 50% of commuters, while public transit isn't used. Walking isn't a common means of commuting to work.
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