Palo AltoCalifornia

Palo Alto Population Demographics

According to US population projections for 2022, the estimated population of Palo Alto is 66,666. 27.96% is under 18, while 17.21% is over 65.

A closer look at the age demography reveals that 4.11% of the population was five years old or younger, 27.96% were 18 years or younger and 31.02% were aged 65 years and over. The gender split in the state was nearly even, with 51.86% female and 48.14% male.

Palo Alto Housing

According to the US Census, Palo Alto has 27,757 housing units. The average owner-occupied housing unit rate in Palo Alto was 88.27%. At the same time, the city's median value of owner-occupied homes was $2,000,000+

Palo Alto Racial Demographics

In 2020, the US Census estimated that White Alone and Asian Alone constitute 85.32% of Palo Alto's population. Residents of the city who were Some Other Race Alone, made up 3.00% of the total population.

Other racial groups include Black Or African American Alone, constituting 1.79% of the city's population and White Black Or African American at 0.54%

How Educated is Palo Alto

According to Census estimates, in 2021, 26.6% of Palo Alto residents had a bachelor's degree, while 54.0% had a graduate or professional degree.

Overall, 80.60% of residents have a bachelor's degree or higher.

Average Income in Palo Alto

The median household income in Palo Alto is $195,781. This figure is significantly (approximately 0.00%) less than the state average of $195,781.

Estimates by family type revealed that families earned an average of $242,965 per year, while married-couple families earned an average of $250,000+.

A closer examination of the income groups of Palo Alto households revealed that the largest income group consisted of households with an annual income between $200,000. Other groups with yearly high household incomes include those between $100,000 and $149,999 (13.3%) and those with incomes exceeding $200,000 (49.5%). 2.4% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family