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Economy in Palo, Iowa

Overview, People, Health, Economy, Housing, Rankings, Crime
Climate, Education, Transportation, Cost of Living, Religion, Voting

Economy
EconomyPalo, IAUnited States
Unemployment Rate6.50%9.10%
Recent Job Growth1.35%-0.12%
Future Job Growth36.20%31.25%
Sales Taxes6.00%6.80%
Income Taxes8.98%6.25%
Income per Cap.$31,353$27,067
Household Income$82,608$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K3.28%12.10%
Income between 15K and 25K4.59%10.18%
Income between 25K and 35K5.90%10.56%
Income between 35K and 50K8.52%14.98%
Income between 50K and 75K20.66%19.53%
Income between 75K and 100K22.62%12.52%
Income between 100K and 150K25.25%12.14%
Income between 150K and 250K4.59%3.91%
Income between 250K and 500K4.26%3.34%
Income greater than 500K0.33%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations20.84%13.81%
Professional and Related Occupations19.09%22.68%
Service12.61%14.51%
Sales and Office24.17%25.22%
Farming, Fishing, and Forestry0.35%0.68%
Construction, Extraction, and Maintenance8.41%9.37%
Production, Transportation, and Material Moving15.94%15.86%
Median Household Income

The unemployment rate in Palo, IA, is 6.50%, with job growth of 1.35%. Future job growth over the next ten years is predicted to be 36.20%.

Palo, IA Taxes

Palo, IA,sales tax rate is 6.00%. Income tax is 8.98%.

Palo, IA Income and Salaries

The income per capita is $31,353, which includes all adults and children. The median household income is $82,608.


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