Last updated: 2024 BLS data · Page refreshed:
Palo Alto has a population of 67,237 with a median age of 43.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 67,237 |
| Median Age | 43.6 |
| White | 45.7% |
| Black or African American | 1.8% |
| Asian | 38.1% |
| Hispanic or Latino | 7.9% |
| Other / Two or More Races | 6.5% |
The median household income in Palo Alto is $231,101, which is 186.7% above the national median of $80,610. The per capita income is $123,939. The poverty rate is 6.0%.
The unemployment rate in Palo Alto is 3.7%, compared to the national rate of 4.1%.
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In Palo Alto, 96.8% of residents age 25+ have a high school diploma or higher, and 82.3% hold a bachelor's degree or higher (55.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.8% |
| Bachelor's Degree or Higher | 82.3% |
| Graduate or Professional Degree | 55.0% |
The median home value in Palo Alto is $2,000,001, above the national median of $303,400. The median monthly rent is $3,484. The homeownership rate is 54.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $2,000,001 |
| Median Monthly Rent | $3,484 |
| Homeownership Rate | 54.6% |
| Vacancy Rate | 11.0% |
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