Palo Alto city, California demographics and economy

Census American Community Survey 2023 5-Year Estimates for Palo Alto city, California.

Population
67,231
Median HH Income
$220,408
Median Home Value
$2,000,001
Median Age
42.5

Workforce

Unemployment rate
3.7%
1,258 unemployed of 34,123 in labor force
Bachelor's degree or higher
27.2%
of population age 25+ (48,168 total)
Below poverty line
5.4%
3,604 of 66,689 surveyed

Housing & cost of living

Median home value
$2,000,001
owner-occupied housing units
Median gross rent
$3,328/mo
renter-occupied units, all bedrooms

Related resources

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Similar-sized California places

Data source: U.S. Census Bureau American Community Survey 2023 5-Year Estimates (Table B). Geography: place (incorporated city/town/CDP). Public domain (USA.gov).

Indicators: B01003 (population), B19013 (median household income), B25077 (median home value), B01002 (median age), B25064 (median gross rent), B23025 (labor force/unemployment), B15003 (educational attainment), B17001 (poverty).

Generated 2026-05-27. Census applies suppression rules to small populations; some values may be unavailable.