Palos Verdes Estates is a somewhat small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 13,273 people and three constituent neighborhoods, Palos Verdes Estates is the 369th largest community in California.
Palos Verdes Estates home prices are not only among the most expensive in California, but Palos Verdes Estates real estate also consistently ranks among the most expensive in America.
Palos Verdes Estates is a decidedly white-collar city, with fully 96.21% of the workforce employed in white-collar jobs, well above the national average. Overall, Palos Verdes Estates is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in Palos Verdes Estates who work in sales jobs (22.08%), management occupations (22.00%), and business and financial occupations (9.54%).
Of important note, Palos Verdes Estates is also a city of artists. Palos Verdes Estates has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Palos Verdes Estates’s character.
Also of interest is that Palos Verdes Estates has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.61% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.
In addition, Palos Verdes Estates is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, Palos Verdes Estates is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Palos Verdes Estates really has some of the features that families look for when choosing a good community to raise children. Is Palos Verdes Estates perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
One of the nice things about Palos Verdes Estates is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
One downside of living in Palos Verdes Estates, however, is that residents on average have to contend with a long commute, spending on average 34.19 minutes every day commuting to work.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Palos Verdes Estates. 77.85% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Palos Verdes Estates in 2018 was $102,182, which is wealthy relative to California and the nation. This equates to an annual income of $408,728 for a family of four.
Palos Verdes Estates is an extremely ethnically-diverse city. The people who call Palos Verdes Estates home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palos Verdes Estates residents report their race to be White, followed by Asian. Important ancestries of people in Palos Verdes Estates include German, Irish, English, Italian, and Scottish.
Foreign born people are also an important part of Palos Verdes Estates's cultural character, accounting for 22.08% of the city’s population.
The most common language spoken in Palos Verdes Estates is English. Other important languages spoken here include Chinese and Spanish.