52324 Palo, IA is an excellent place to call home due to its low cost of living. On average, a two bedroom rental will cost residents $1,270 each month compared to the United States average of $1,430. Grocery costs are also lower in Palo than the rest of the US with a grocery index score of 100. Although Palo is small town with a population just over 500, there are several local businesses that provide goods and services for residents. These companies include The Village Store which offers everything from groceries to clothing items, K&K Service Center which provides auto repair services, and Smith Farms which produces fresh fruits and vegetables year-round. With an affordable cost of living and locally owned companies, 52324 Palo is an ideal location for anyone looking for a cozy hometown environment.
Palo (zip 52324) has an unemployment rate of 5.3%. The US average is 6.0%.
Palo (zip 52324) has seen the job market decrease by -7.6% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Palo (zip 52324)
- The Sales Tax Rate for Palo (zip 52324) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palo (zip 52324) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Palo (zip 52324)
- The average income of a Palo (zip 52324) resident is $41,879 a year. The US average is $37,638 a year.
- The Median household income of a Palo (zip 52324) resident is $108,571 a year. The US average is $69,021 a year.