Palermo, ND
Population 107 · North Dakota
About Palermo, ND
Palermo is a small community located in North Dakota with a population of 107 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 56.3 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 Palermo features a median home value of $48,300, which is 80% below the national median of $244,900. This makes Palermo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $938, 19% below the national average of $1,163/month. Of the 72 total housing units, 43% are owner-occupied (25 units) and 57% are renter-occupied (33 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Palermo shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Palermo have an average one-way commute time of 48.4 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
2.2% of Palermo 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.8% of the population being foreign-born.
How Palermo Ranks in North Dakota
Cost of Living in Palermo, ND
Compared to national averages, Palermo has a median household income of $0 (100% below the national median of $75,149). Home values average $48,300, which is 80% below the national median. Monthly rent at $938 is 19% below the US average of $1,163. Within North Dakota, Palermo's income is 100% below the state average of $72,691, and home values are 65% below the state median of $139,496.
Why Live in Palermo, ND?
Palermo offers affordable housing with a median home value of $48,300, below the US average of $244,900, and rent that’s lower than the national average at $938/month, and a strong job market with an unemployment rate of just 2.1%. Additionally, the city features a low poverty rate of 8.4%, better than the national average.
Potential considerations include median household income ($0) that falls below the national average. However, Palermo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palermo has a population of 107 with a median age of 56.3 years. Compare Palermo with other cities to see how it stacks up, or explore all cities in North Dakota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Palermo
What is the population of Palermo, ND?
The population of Palermo, ND is 107 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Dakota.
What is the median household income in Palermo?
The median household income in Palermo, ND is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Palermo?
The median home value in Palermo, ND is $48,300, which is 80% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Palermo?
The median monthly rent in Palermo, ND is $938, which is 19% below the national average of $1,163/month.
What is the unemployment rate in Palermo?
The unemployment rate in Palermo, ND is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Palermo, ND a good place to live?
Palermo offers a moderate cost of living, affordable housing, and a strong job market. With a population of 107 and a median age of 56.3, the city appeals to established professionals and retirees.
How educated is Palermo, ND?
2.2% of residents in Palermo 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 Palermo?
Key cost-of-living indicators for Palermo, ND: median home value is $48,300 (80% below national), median rent is $938/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Palermo?
The poverty rate in Palermo, ND is 8.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Palermo, ND?
Palermo's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.8% of residents are foreign-born.