Housing costs in Palo?
A typical home costs
$289,800, which is 14.3% less expensive than the national average of
$338,100 and 48.7% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Palo costs
$1,250 per month, which is 12.6% cheaper than the national average of
$1,430 and 25.6% more than the state average of
$930.
Can I afford Palo?
To live comfortably in Palo, Iowa, a minimum annual income of
$55,440 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Palo?
The cost of living in Palo, IA is quite affordable. According to BestPlaces, the overall cost of living index in the city is rated as 82.17, which is 18% lower than the U.S. average. Additionally, the median household income in Palo, IA is $68,639, which is slightly higher than the national median of $61,937. This indicates that the cost of living in Palo is considerably lower than other towns and cities across the U.S., making it an attractive option for anyone seeking affordable housing and other necessities like food and utilities.