Median Household Income
$231,101 ± $9,859
Median Home Value
$2,000,001 ± $-333,333,333
Median Gross Rent
$3,484 ± $157/mo
Per Capita Income
$123,939
Poverty Rate
6.0%
Unemployment Rate
3.9%
Homeownership Rate
54.6%
Bachelor's Degree or Higher
82.3%
Median Age
43.6
Average Commute
14 min
Households
26,021
Veterans
1,128
Population Over Time
Palo Alto grew 1.9% from 2014 to 2024.
2014
65,998
2016
66,649
2018
67,019
2020
67,973
2022
67,901
2024
67,237
Population by Race & Ethnicity
White
45.7%
Hispanic or Latino
7.9%
Black or African American
1.8%
Asian
38.1%
Nearby Cities in California
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.