Palisade, MN
Population 135 · Minnesota
About Palisade, MN
Palisade is a small community located in Minnesota with a population of 135 residents according to the latest US Census Bureau American Community Survey data. The median household income is $36,250 per year, which is 52% below the national median of $75,149. The median age of 61.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Palisade features a median home value of $87,500, which is 64% below the national median of $244,900. This makes Palisade one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 87 total housing units, 95% are owner-occupied (70 units) and 5% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Palisade shows an unemployment rate of 10.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.6%, above the national average of 12.4%. Workers in Palisade have an average one-way commute time of 40.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
6.4% of Palisade residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 11.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Palisade, MN
Compared to national averages, Palisade has a median household income of $36,250 (52% below the national median of $75,149). Home values average $87,500, which is 64% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Palisade's income is 51% below the state average of $74,221, and home values are 57% below the state median of $204,472.
Why Live in Palisade, MN?
Palisade offers affordable housing with a median home value of $87,500, 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 ($36,250) that falls below the national average. However, Palisade’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palisade has a population of 135 with a median age of 61.3 years. Compare Palisade with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Palisade
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Danvers | 134 | $117,750 | $151,100 | Compare |
| Wolverton | 136 | $46,944 | $0 | Compare |
| Borup | 137 | $42,386 | $61,100 | Compare |
| Kettle River | 133 | $63,125 | $129,200 | Compare |
| Squaw Lake | 133 | $61,875 | $200,000 | Compare |
| Dumont | 138 | $127,813 | $137,500 | Compare |
| Harding | 138 | $70,000 | $159,700 | Compare |
| High Forest | 132 | $120,625 | $297,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Palisade
What is the population of Palisade, MN?
The population of Palisade, MN is 135 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Palisade?
The median household income in Palisade, MN is $36,250 per year, which is 52% below the national median of $75,149.
What is the median home value in Palisade?
The median home value in Palisade, MN is $87,500, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palisade?
The median monthly rent in Palisade, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Palisade?
The unemployment rate in Palisade, MN is 10.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Palisade, MN a good place to live?
Palisade offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 135 and a median age of 61.3, the city appeals to established professionals and retirees.
How educated is Palisade, MN?
6.4% of residents in Palisade aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Palisade?
Key cost-of-living indicators for Palisade, MN: median home value is $87,500 (64% below national), median rent is $0/month, and median household income is $36,250. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Palisade?
The poverty rate in Palisade, MN is 20.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Palisade, MN?
Palisade's population is 0.0% White, 11.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.