Palo, MI
Population 409 · Michigan
About Palo, MI
Palo is a small community in Michigan with a population of 409 residents. The median household income is $34,403 per year, which is below the national average. The median age in Palo is 26.1 years.
Housing in Palo has a median home value of $92,600 and median monthly rent of $0. Of the 119 total housing units, the majority are owner-occupied, with 102 owner-occupied and 17 renter-occupied units.
The unemployment rate in Palo is 3.7% and the poverty rate is 18.3%. 0.0% of residents hold a bachelor's degree or higher. The average commute time is 43.4 minutes.
Cost of Living in Palo, MI
Compared to national averages, Palo has a median household income of $34,403 (54% below the national median of $75,149). Home values average $92,600, which is 62% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Palo's income is 48% below the state average of $66,017, and home values are 50% below the state median of $183,391.
Why Live in Palo, MI?
Palo offers affordable housing with a median home value of $92,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($34,403) that falls below the national average. However, Palo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palo has a population of 409 with a median age of 26.1 years. Compare Palo with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Palo
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Carp Lake | 407 | $27,318 | $170,800 | Compare |
| Lost Lake Woods | 407 | $69,375 | $172,000 | Compare |
| Estral Beach | 406 | $63,462 | $207,900 | Compare |
| Barryton | 405 | $47,857 | $77,900 | Compare |
| Brethren | 405 | $42,434 | $104,500 | Compare |
| Hanover | 413 | $68,333 | $142,700 | Compare |
| Northport | 413 | $71,250 | $243,100 | Compare |
| White Pine | 404 | $39,792 | $59,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Palo
What is the population of Palo, MI?
The population of Palo, MI is 409 according to the latest Census data.
What is the median household income in Palo?
The median household income in Palo, MI is $34,403 per year.
What is the median home value in Palo?
The median home value in Palo, MI is $92,600.
What is the average rent in Palo?
The median monthly rent in Palo, MI is $0.
What is the unemployment rate in Palo?
The unemployment rate in Palo, MI is 3.7%.