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Demographics
Population
Median Income
Racial Distributions
Palo, Iowa (zip code 52324) is classified as a "Low Diversity" community with a "White Majority." The white population comprises 91% of the total as of 2022, exceeding the 75% threshold for low diversity classification. The population has grown from 3,470 in 2010 to 3,737 in 2022. The median income has increased from $88,100 in 2013 to $96,338 in 2022, indicating economic growth.
Over the past decade, Palo has maintained its "Low Diversity" status with a "White Majority." The white population percentage has decreased from 99% in 2013 to 91% in 2022. The Asian population has increased from 0% in 2013 to 4% in 2022. Other minority groups have also seen small increases. These changes suggest a slow trend towards greater racial diversity, potentially indicating the early stages of becoming a "Transitional Community."
The demographic shifts correlate with economic changes. The median income has increased from $88,100 in 2013 to $96,338 in 2022, with a peak of $113,713 in 2021. The population has grown steadily, suggesting the area is attractive to new residents. The increasing median income and growing diversity may indicate that the area is attracting more affluent and diverse professionals.
The trend towards increasing diversity aligns with broader national trends of growing diversity in suburban and rural areas. The income growth in Palo outpaces national averages, suggesting strong local economic factors or proximity to growing job markets. The community's racial composition remains less diverse than national averages, where non-Hispanic whites make up about 60% of the population.
Palo remains a "Low Diversity" community with a strong "White Majority," but there are early indications of a gradual shift towards greater diversity. This shift coincides with significant economic growth, suggesting that the area may be attracting a more diverse, affluent population. These changes are occurring at a slower pace than national trends, indicating that Palo maintains a distinct demographic profile compared to more diverse urban or suburban areas. The community's evolution will be interesting to observe in the coming years to see if these nascent trends of increasing diversity and economic growth continue or accelerate.