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Palo Alto, CA&

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0.26% growth
Median Age
Median Household Income
0.38% growth
Poverty Rate
Number of Employees
0.27% growth
Median Property Value
8.79% growth

About the photo: Palo Alto with the East Bay hills in the distance.


The economy of Palo Alto, CA employs 32,088 people. The economy of Palo Alto, CA is specialized in Information; Professional, Scientific, Tech Services; and Educational Services, which employ respectively 3.64; 3.58; and 1.65 times more people than what would be expected in a location of this size. The largest industries in Palo Alto, CA are Professional, Scientific, Tech Services (8,191), Educational Services (4,939), and Manufacturing (3,950), and the highest paying industries are Agriculture, Forestry, Fishing, Hunting ($160,652), Finance & Insurance ($126,150), and Professional, Scientific, Tech Services ($120,198).

Median household income in Palo Alto, CA is $137,043. Males in Palo Alto, CA have an average income that is 1.44 times higher than the average income of females, which is $115,436. The income inequality of Palo Alto, CA (measured using the Gini index) is 0.516 which is higher than the national average.


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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Palo Alto, CA. In Santa Clara County, CA the age groups most likely to have health care coverage are 25-34 and 6-17, men and women, respectively. The location has a 1 to 103 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $7,796. Monterey County, CA has the highest prevalence of homicides of any county in California.


Clinician to Patient Rates

The closest comparable data for the census place of Palo Alto, CA is from the county of Santa Clara County, CA.

Insurance Coverage by Age and Gender

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Palo Alto, CA is home to a population of 66,649 people, from which 84.3% are citizens. The ethnic composition of the population of Palo Alto, CA is composed of 37,491 White residents (56.3%), 20,568 Asian residents (30.9%), 4,757 Hispanic residents (7.14%), 2,765 Two+ residents (4.15%), and 690 Black residents (1.04%). The most common foreign languages in Palo Alto, CA are Chinese (8,512 speakers), Spanish (3,584 speakers), and Russian (1,822 speakers), but compared to other places, Palo Alto, CA has a relative high number of Hebrew (941 speakers), Japanese (1,297 speakers), and Chinese (8,512 speakers).


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In 2015 universities in Palo Alto, CA awarded 427 degrees. The student population of Palo Alto, CA is skewed towards females, with 93 male students and 334 female students. Most students in Palo Alto, CA are White (212 and 49.6%), followed by Asian (66 and 15.5%), Hispanic or Latino (52 and 12.2%), and Unknown (51 and 11.9%). The largest universities in Palo Alto, CA by number of graduates are Palo Alto University (283 and 66.3%), Sofia University (109 and 25.5%), and Bay Area College of Nursing (35 and 8.2%). The most popular majors in Palo Alto, CA are Clinical Psychology (86 and 20.1%), Other Psychology (71 and 16.6%), and Marriage & Family Therapy (34 and 7.96%). The median tuition costs in Palo Alto, CA are N/A for private four year colleges, and $17,112 and $17,112 respectively, for public four year colleges for in-state students and out-of-state students.



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Housing & Living

The median property value in Palo Alto, CA is $1.7M, which is 8.3 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $1.56M to $1.7M, a 8.79% increase. The homeownership rate of Palo Alto, CA is 55.3%, which is lower than the national average of 63.6%. People in Palo Alto, CA have an average commute time of 21.8 minutes, and they commute by Drove Alone. Car ownership in Palo Alto, CA is approximately the same as the national average, with an average of 2 cars per household.


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