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Palo Alto, CA
Full City Profile · California · San Mateo County County
3.1
/5.0
B
Good
67,231
Population
2,795/sq mi density
$220,408
Median Income
$121,565 per capita
$2,000,001
Home Value
$3,619,229 Zillow
$3,328
Median Rent
25.9% income on rent
59°F
Avg Temperature
330 sunny days/yr
128
Violent Crime/100K
2,962 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$220,408 median income, 2.3% unemployment
D
Affordability
1.5 / 5.0
$2,000,001 home value, $3,328/mo rent
F
Safety
1.0 / 5.0
128 violent crimes/100K
A+
Education
5.0 / 5.0
82.4% bachelor's degree or higher
Income Overview
Median Household Income
$220,408
193% above
US avg: $75,149
Per Capita Income
$121,565
211% above
US avg: $39,052
Unemployment Rate
2.3%
36% below
US avg: 3.6%
Poverty Rate
3.2%
74% below
US avg: 12.4%
Income Comparison: Palo Alto vs. U.S. Average
Each bar shows Palo Alto’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$220,408
293%
Per Capita
US: $39,052
$121,565
311%
IRS Avg AGI
US: $72,000
$232,794
323%
Avg Weekly Wage
US: $1,432
$3,778
264%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$3,778
164% above US avg ($1,432)
Mean Commute Time
23 min
17% below US avg (28 min)
Work From Home
33.3%
119% above US avg (15.2%)
Drive Alone
46.7%
36% below US avg (73.2%)
Public Transit
3.1%
38% below US avg (5.0%)
County GDP
$217,018M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
46.7%
Public Transit
3.1%
Work From Home
33.3%
Other
16.9%
Average commute time
23 minutes
US avg: 28 min
Business Landscape
Total Establishments
31,186
Restaurants
2,143
Healthcare
2,617
Retail
1,916
Manufacturing
487
Tax & Financial
IRS Avg Adjusted Gross Income
$232,794
223% above US avg ($72,000)
Avg Property Tax
$17,586
402% above US avg ($3,500)
Cost of Living Index
110.7
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $220,408 |
| Per Capita Income | $121,565 |
| IRS Avg Adjusted Gross Income | $232,794 |
| Avg Weekly Wage | $3,778 |
| County GDP | $217,018M |
Hardship Indicators
| Unemployment Rate | 2.3% |
| Poverty Rate | 3.2% |
| Gini Coefficient | 0.493 |
| Cost of Living Index | 110.7 |
Commute
| Mean Commute | 23 minutes |
| Drive Alone | 46.7% |
| Public Transit | 3.1% |
| Work From Home | 33.3% |
Businesses
| Total Establishments | 31,186 |
| Restaurants | 2,143 |
| Healthcare | 2,617 |
| Retail | 1,916 |
| Manufacturing | 487 |
Tax
| IRS Avg AGI | $232,794 |
| Avg Property Tax | $17,586 |