Most Expensive Palo Alto Neighborhoods
Palo Alto is a larger medium-sized city located in the state of California. With a population of 66,967 people and 15 constituent neighborhoods, Palo Alto is the 126th largest community in California.
Palo Alto home prices are not only among the most expensive in California, but Palo Alto real estate also consistently ranks among the most expensive in America.
Palo Alto is a decidedly white-collar city, with fully 95.95% of the workforce employed in white-collar jobs, well above the national average. Overall, Palo Alto is a city of professionals, managers and sales and office workers. There are especially a lot of people living in Palo Alto who work in management occupations (20.27%), computer science and math (10.75%) and teaching (9.55%).
Also of interest is that Palo Alto has more people living here who work in computers and math than 95% of the places in the US.
And if you like science, one thing you'll find is that Palo Alto has lots of scientists living in town - whether they be life scientists, physical scientists (like astronomers), or social scientists (like geographers!). So, if you're scientific-minded, you might like it here too.
Of important note, Palo Alto is also a city of artists. Palo Alto has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Palo Alto’s character.
A relatively large number of people in Palo Alto telecommute to their jobs. Overall, about 7.74% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
One thing noticeable about Palo Alto, although not a huge city, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Palo Alto is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Palo Alto a pretty good place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun.
Although the majority of commuting trips in the city are by private automobile, Palo Alto is somewhat unusual for a city of its size for having a substantial number of people who use public transportation. For a lot of people, the train helps to get to and from their jobs every morning, which benefits everyone in the Palo Alto area by reducing both traffic and air pollution.
Do you like to read, write and learn? If you move to Palo Alto, you'll likely find that many of your neighbors like to as well. Palo Alto is one of the more educated communities in America, with a full 80.30% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Palo Alto in 2010 was $75,257, which is wealthy relative to California and the nation. This equates to an annual income of $301,028 for a family of four.
Palo Alto is an extremely ethnically-diverse city. The people who call Palo Alto home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palo Alto residents report their race to be White, followed by Asian. Important ancestries of people in Palo Alto include English, German, Irish, Russian, Italian and Polish.
Palo Alto also has a high percentage of its population that was born in another country: 32.24%.
The languages spoken by people in Palo Alto are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Palo Alto is English. Other important languages spoken here include Chinese, Spanish, Korean and Russian.
|PALO ALTO INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||26,420|
|PALO ALTO HOME OWNERSHIP|
|% OWNER OCCUPIED||54.33%|
|% RENTER OCCUPIED||45.67%|
|TYPE OF PALO ALTO HOMES|
|SINGLE FAMILY DETACHED||55.87%|
|ROWHOUSES AND ATTACHED HOMES||6.09%|
|SMALL APARTMENT BUILDINGS||6.38%|
|COMPLEXES OR HIGH RISE APARTMENTS||31.16%|
|SIZE OF PALO ALTO HOMES|
|5 OR MORE BEDROOMS||6.99%|
|AGE OF PALO ALTO HOMES|
|NEWER HOMES (2000 OR LATER)||11.04%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||24.89%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||51.16%|
|HISTORIC (1939 OR BEFORE)||12.92%|
|PALO ALTO REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$2,222,553|
|MEDIAN RENTAL PRICE||$2,774|
|HOME VALUE RANGE|
|$0 - $77,000||1.25%|
|$77,001 - $155,000||0.49%|
|$155,001 - $310,000||1.09%|
|$310,001 - $464,000||1.11%|
|$464,001 - $619,000||1.45%|
|$619,001 - $774,000||0.96%|
|$774,001 - $1,161,000||6.19%|
|$1,161,001 - $1,548,000||11.29%|
|PEOPLE OF PALO ALTO||DETAILS|
|UNDER 5 YEARS||4.89%|
|5 TO 17||18.04%|
|18 TO 24||5.75%|
|25 TO 34||13.34%|
|35 TO 54||29.15%|
|55 TO 64||11.64%|
|65 YEARS AND OVER||17.18%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.47%|
|MEDIAN HOUSEHOLD INCOME||$126,771|
|PER CAPITA INCOME||$75,257|
|INDIVIDUALS BELOW POVERTY LEVEL||5.32%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (24.46%)
Information Technology (7.52%)
|BLACK OR AFRICAN AMERICAN||1.55%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.10%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.12%|
|SOME OTHER RACE ALONE||1.83%|
|TWO OR MORE RACES||4.14%|
|HISPANIC OR LATINO (OF ANY RACE)||7.84%|
|ETHNICITIES PRESENT||English (10.94%)
|LANGUAGES SPOKEN||English (60.79%)
Other Asian languages (1.15%)
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