This data is based on ZIP code 52324, which covers Palo and Cedar Rapids.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP code 52324 area shared across these towns.
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Palo ZIP Area Economy · 2023
Wages +4% vs. avg. Linn Co. town
Palo's ZIP area supports 347 jobs across 49 businesses, with workers earning an average of $56K per year, 4% above the Linn County average. The economy is well-diversified (0.96 index), led by construction and retail trade. 87.8% of businesses have fewer than 20 employees, and each business employs an average of 7.1 people. Jobs declined 35.3% from the prior year while business count grew 0%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Linn Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
49 businesses by employee count. 87.8% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Economic Densityi
0.24
jobs per resident
7.1
employees per business
County avg: 17.9-60%
$14K
payroll per resident
$399K
payroll per business
Palo ZIP Area vs. Avg. Linn Co. Towni
All Industries in ZIP Areai
| Sector | Palo ZIP | Avg. Linn Co. | Spec. |
|---|---|---|---|
| Construction | 10 | 69 | 2.3x |
| Retail Trade | 6 | 103 | 0.9x |
| Other Services | 6 | 76 | 1.3x |
| Finance & Insurance | 4 | 61 | 1.1x |
| Admin Services | 4 | 43 | 1.5x |
| Healthcare | 4 | 114 | 0.6x |
| Food & Accommodation | 3 | 76 | 0.6x |