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 13,682 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 95.85% of the workforce employed in white-collar jobs, well above the national average. Overall, Palos Verdes Estates is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Palos Verdes Estates who work in management occupations (22.97%), sales jobs (17.32%), and healthcare (7.96%).
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.
A relatively large number of people in Palos Verdes Estates telecommute to their jobs. Overall, about 11.25% 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.
In addition, Palos Verdes Estates is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
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.
Palos Verdes Estates is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
One downside of living in Palos Verdes Estates is that it can take a long time to commute to work. In Palos Verdes Estates, the average commute to work is 34.43 minutes, which is quite a bit higher than the national average.
Do you like to read, write and learn? If you move to Palos Verdes Estates, you'll likely find that many of your neighbors like to as well. Palos Verdes Estates is one of the more educated communities in America, with a full 75.70% 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 Palos Verdes Estates in 2010 was $87,408, which is wealthy relative to California and the nation. This equates to an annual income of $349,632 for a family of four.
Palos Verdes Estates is a very 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, Italian, and Norwegian.
In addition, Palos Verdes Estates has a lot of people living here who were born outside of the US (16.44%).
The most common language spoken in Palos Verdes Estates is English. Other important languages spoken here include Spanish and Chinese.