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
Last Updated: March 20, 2019