Paloona is a quiet locality in Tasmania within the Kentish local government area (postcode 7310). With a population of 84, the suburb has an established demographic with a median age of 40. Households earn a median income of $82K per year, with an average household size of 2.9 people. The most common occupations are labourers, professionals, community & personal service. The top ancestries reported are Australian, English, Dutch.

The median weekly rent is $335 (Census 2021). The median monthly mortgage repayment is $1,300.