Palo, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Palo, MN: Quick Facts & Overview
- Population: 3,211 residents (9 people per sq. mi.)
- Average House Price: $131,608
- Average Household Income: $56,208
Palo, MN is located in the state of Minnesota. It is home to about 3,211 people, with around 9 residents living in every square mile.
If you want to buy a house in Palo, the average price is around $131,608. That makes local housing 49% lower than the Minnesota average of $260,056, and 57% lower than the national average of $308,592.
The average household in Palo earns about $56,208 a year. This income is 32% lower than the average family in Minnesota ($82,068), and 29% lower than the national average ($78,686).
Population
3,211
Median Household Income
$56,208
Median Home Value
$131,608
Median Age
56.9 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $34,085 |
| Labor Force Participation | 47.1% |
| Unemployment Rate | 3.0% |
| Average Commute Time | 29.6 mins |
Housing & Community Metrics
| Home Ownership Rate | 87.3% |
| Median Rent | $507 |
| Rent Burdened (>30% Income) | 21.7% |
| Total Housing Units | 1,682 |
Additional Census & Housing Profile
Geographic Overview
| County | St. Louis |
| County FIPS | 27137 |
| Metro Area (CBSA) | Duluth, MN-WI |
| Combined Area (CSA) | Duluth-Grand Rapids, MN-WI |
| Population Density | 9.0/sq mi |
| Coordinates (lat/lng) | 47.4152, -92.2596 |
| Timezone | America/Chicago |
| National Ranking | 5 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.55 |
| Dual Income Families | 39.9% |
Marital Status
| Married | 46.4% |
| Never Married | 27.7% |
| Divorced | 13.5% |
| Widowed | 12.4% |
Gender
| Male | 50.6% |
| Female | 49.4% |
Health & Poverty
| Uninsured Rate (Health) | 2.8% |
| Poverty Rate | 13.6% |
Key Population Groups
| Veterans | 9.5% |
| Disabled Population | 24.4% |
| Limited English Proficiency | - |
All ZIP Codes in Palo
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55705 | 3,211 | $56,208 | $131,608 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Aurora, MN | 8.1 miles | 1,792 |
| Biwabik, MN | 10.1 miles | 966 |
| Gilbert, MN | 10.8 miles | 1,697 |
| Hoyt Lakes, MN | 12 miles | 2,064 |
| Virginia, MN | 13.7 miles | 8,332 |
| Eveleth, MN | 13.7 miles | 3,448 |
| Mountain Iron, MN | 19.4 miles | 2,860 |
| Babbitt, MN | 21.6 miles | 1,393 |
| Kinney, MN | 22.7 miles | 115 |
| Buhl, MN | 24.5 miles | 1,022 |
| Tower, MN | 27.3 miles | 367 |
| Soudan, MN | 27.5 miles | 415 |
| Chisholm, MN | 29.4 miles | 4,712 |
| Hibbing, MN | 32.2 miles | 16,057 |
| Meadowlands, MN | 32.4 miles | 174 |
| Cook, MN | 35.6 miles | 423 |
| Rice Lake, MN | 36.4 miles | 4,153 |
| Two Harbors, MN | 38.2 miles | 3,567 |
| Keewatin, MN | 38.5 miles | 1,215 |
| Ely, MN | 38.8 miles | 3,240 |
| Knife River, MN | 39.2 miles | 131 |
| Brookston, MN | 41.3 miles | 103 |
| Winton, MN | 41.4 miles | 124 |
| Hermantown, MN | 42.1 miles | 10,218 |
| Nashwauk, MN | 42.5 miles | 926 |
| Duluth, MN | 44.6 miles | 119,372 |
| Floodwood, MN | 46.3 miles | 497 |
| Finland, MN | 46.5 miles | 257 |
| Proctor, MN | 46.6 miles | 3,100 |
| Silver Bay, MN | 46.7 miles | 1,769 |
| Calumet, MN | 47.6 miles | 279 |
| Marble, MN | 48.8 miles | 669 |
| Esko, MN | 49 miles | 1,813 |
| Cloquet, MN | 49.1 miles | 12,537 |
| Scanlon, MN | 49.6 miles | 1,146 |
| Superior, WI | 50.5 miles | 26,677 |
| Warba, MN | 50.9 miles | 146 |