News Details

Palo Alto at a Glance

Distinctive in every way, Palo Alto offers its business community a diverse and exciting environment in which to work and live. The following statistics summarize basic information about Palo Alto, its businesses and residents.

Business Statistics:

  • Number of Jobs in Palo Alto: 97,579 (2019)
  • Employed Residents: 32,549 (2019)
  • Avg. Lease Rate/Office: $6.24 per sq. ft./month (2019)
  • Vacancy Rate (Office): 6.5% (2019)
  • Vacancy Rate (Industrial): 2.9% (2019)
  • Vacancy Rate (Retail): 1.5% (2019)
  • Hotel Keys: 2,063 (2019)

General Statistics:

  • Total Population: 67,082 (2019)
  • Daytime Population including Stanford University: 160,775 (2019)
  • Daytime Population: 132,112 (2019)
  • Population by Age (2019)
    • Under 5 years: 4.7%
    • 5 to 9 years: 6.4%
    • 10 to 14 years: 7.8%
    • 15 to 19 years: 5.8%
    • 20 to 24 years: 4.3%
    • 25 to 34 years: 11.9%
    • 35 to 44 years: 14.2%
    • 45 to 54 years: 14.9%
    • 55 to 59 years: 6.3%
    • 60 to 64 years: 5.2%
    • 65 to 74 years: 9.3%
    • 75 to 84 years: 5.8%
    • 85 years and over: 3.4%
  • Median Age: 41.8 (2019)
  • Median Household Income: $147,537 (2019)
  • Incorporation Date: 4/23/1894
  • Total Square Miles: 25.85 square miles (2019)
  • Elevation: 30 ft (2019)
  • Form of Government: Charter City, adopted July 1, 1950
  • Type of Governance: Council-Manager
  • Local Amenities: 36 parks (comprising 4,385 acres), community centers, golf course, youth center, junior museum and zoo, and urban parks including Foothills Park, Baylands Preserve, Mitchell Park and the Stanford/Palo Alto Community Playing Fields.
  • City-Owned and Operated Utilities: Water, wastewater treatment, electricity, gas, refuse, storm drain and fiber optic ring
  • Housing
    • Housing Units in Structure: 27,577 (2019)
    • Occupied Housing Units or Households: 26,238 (2019)
      • Owner Occupied: 54.9% (2019)
      • Renter Occupied: 45.1% (2019)
    • Average Rent List Price: $3,999 (2019)
    • Median Home Sale Price: $2,847,158.33 (2019)
  • Number of Hospital Beds: 1,774 (2019)
  • Education
    • Over 96.4% of Palo Alto residents aged 25 or over have received a high school diploma.
    • Close to 79.9% have obtained a bachelor’s degree and nearly 51.8% have earned a post-graduate or professional degree.
  • School Enrollment in Palo Alto Unified School District: 12,488 (12 elementary schools, 3 middle schools, 2 high schools)
  • Miles of Bicycle Trails: 75.25 (2019)
  • Caltrain Average Weekday Passenger Boarding within Palo Alto: 10,400 (2019)
  • Caltrain Weekday Ridership to Downtown Palo Alto: 7,764 (2019)
  • Number of Libraries and Annual Circulation: 5 libraries with a circulation of 1,400,926

( more about Palo Alto )

Last Updated: March 20, 2019