Palos Verdes Estates is a medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 12,646 people and four associated neighborhoods, Palos Verdes Estates is the 373rd 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 95.99% 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 (18.69%), sales jobs (18.52%), and business and financial occupations (12.88%). A relatively large number of people in Palos Verdes Estates telecommute to their jobs. Overall, about 24.82% 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". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel. Because of many things, Palos Verdes Estates is a great place for families with children to consider. First of all, many other families with children live here, making Palos Verdes Estates a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Palos Verdes Estates has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Palos Verdes Estates’s overall crime rate is lower than average for the country. 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, however, is that residents on average have to contend with a long commute, spending on average 32.03 minutes every day commuting to work. Being a small city, Palos Verdes Estates does not have a public transit system used by locals to get to and from work.If knowledge is power, Palos Verdes Estates is a pretty powerful place. 78.46% of the adults in Palos Verdes Estates have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns. The per capita income in Palos Verdes Estates in 2022 was $142,117, which is wealthy relative to California and the nation. This equates to an annual income of $568,468 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 Irish, German, English, Italian, and Polish. Foreign born people are also an important part of Palos Verdes Estates's cultural character, accounting for 21.07% of the city’s population. The most common language spoken in Palos Verdes Estates is English. Other important languages spoken here include Chinese and Japanese.
