Housing costs in Palo?
A typical home costs
$315,300, which is 6.7% less expensive than the national average of
$338,100 and 61.8% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Palo costs
$1,270 per month, which is 36.6% more than the national average of
$930 and 29.1% more than the state average of
$900.
Can I afford Palo?
To live comfortably in Palo (zip 52324), Iowa, a minimum annual income of
$60,480 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Palo?
The cost of living in 52324 Palo, IA is quite affordable. The median home value is estimated to be around $167,400 according to the US Census Bureau, which is slightly lower than the national average. The median household income in the area is also just slightly below the national median at $60,625. These combined factors make Palo an attractive place to live for those looking for a balance between affordability and quality of life. Utilities are generally low as well, with electricity rates being roughly 10% lower than the national average and heating costs about 17% lower. Overall, Palo provides a great opportunity to find comfort and security without breaking the bank.