Last updated: 2024 BLS data · Page refreshed:
Palo Alto has a population of 960 with a median age of 42.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 960 |
| Median Age | 42.2 |
| White | 95.3% |
| Black or African American | 2.1% |
| Hispanic or Latino | 3.4% |
The median household income in Palo Alto is $61,667, which is 23.5% below the national median of $80,610. The per capita income is $29,684. The poverty rate is 12.3%.
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In Palo Alto, 90.1% of residents age 25+ have a high school diploma or higher, and 10.9% hold a bachelor's degree or higher (3.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.1% |
| Bachelor's Degree or Higher | 10.9% |
| Graduate or Professional Degree | 3.0% |
The median home value in Palo Alto is $91,100, below the national median of $303,400. The median monthly rent is $961. The homeownership rate is 83.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $91,100 |
| Median Monthly Rent | $961 |
| Homeownership Rate | 83.2% |
| Vacancy Rate | 12.1% |
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