Here's what it costs to live in Palo Alto, California, based on the latest US government data. Renters pay a median of $3,484 per month, while the typical home is valued around $2,000,000. Households earn a median of $231,101 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$231,101
Median Income / yr
Census ACS
$3,484
Median Rent / mo
Census ACS
$2,000,000
Median Home Value
Census ACS
N/A
Cost of Living Index
1BR Fair Market Rent
N/A
HUD · FY2024
2BR Fair Market Rent
N/A
HUD · FY2024
3BR Fair Market Rent
N/A
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | N/A |
| Registered Nurse | N/A |
| Elementary Teacher | N/A |
| Electrician | N/A |
| Accountant | N/A |
| Plumber | N/A |
| Nurse Practitioner | N/A |
| Civil Engineer | N/A |
| Operations Manager | N/A |
| Market Research Analyst | N/A |
| Health Services Manager | N/A |
| Truck Driver | N/A |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
67,237
Latest estimate
Median Age
43.6 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
9
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$2,893
Per month
Avg Home Value
$1,838,412
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 94022 | — | $3,501 | $2,000,001 |
| ZIP 94028 | — | $3,501 | $2,000,001 |
| ZIP 94043 | — | $2,839 | $1,562,200 |
| ZIP 94301 | — | $2,868 | $2,000,001 |
| ZIP 94303 | — | $2,458 | $1,670,900 |
| ZIP 94304 | — | $3,331 | $2,000,001 |
| ZIP 94305 | — | $1,831 | $2,000,001 |
| ZIP 94306 | — | $2,945 | $2,000,001 |
| ZIP 95033 | — | $2,761 | $1,312,600 |
January Avg
51°F
July Avg
68°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Dry/Arid · Source: NOAA/NCEI 30-year normals.
Healthcare Score
33.0
poor
Hospitals
2
Doctors per 1,000
1.00
Insurance Coverage
98.1%
The cost of living index for Palo Alto is not yet available.
The median gross rent in Palo Alto is $3,484 per month according to US Census ACS data.
The median household income in Palo Alto is $231,101 per year.
The median home value in Palo Alto is $2,000,000 based on the latest Census ACS survey.
Air quality data for Palo Alto is not yet available.
Tax data for California is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
