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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: 95,882 (2018)
  • Employed Residents: 32,008 (2018)
  • Avg. Lease Rate/Office: $6.56 per sq. ft./month (2018)
  • Vacancy Rate (Office): 6.1% (2018)
  • Vacancy Rate (Industrial): 2.6% (2018)
  • Vacancy Rate (Retail): 2.0% (2018)
  • Hotel Keys: 2,125 (2018)

General Statistics:

  • Total Population: 66,649 (2018)
  • Daytime Population including Stanford University: 158,640 (2018)
  • Daytime Population: 130,443 (2018)
  • Population by Age (2018)
    • Under 5 years: 4.8%
    • 5 to 9 years: 6.4%
    • 10 to 14 years: 7.8%
    • 15 to 19 years: 5.7%
    • 20 to 24 years: 4.2%
    • 25 to 34 years: 11.7%
    • 35 to 44 years: 14.6%
    • 45 to 54 years: 15.4%
    • 55 to 59 years: 6.5%
    • 60 to 64 years: 4.9%
    • 65 to 74 years: 9.1%
    • 75 to 84 years: 5.7%
    • 85 years and over: 3.3%
  • Median Age: 41.8 (2018)
  • Median Household Income: $137,043 (2018)
  • Incorporation Date: 4/23/1894
  • Total Square Miles: 25.85 square miles (2018)
  • Elevation: 30 ft (2018)
  • Form of Government: Charter City, adopted July 1, 1950
  • Type of Governance: Council-Manager
  • Local Amenities: 36 parks (comprising 174 acres and 4,030 acres of open space), community centers (4), 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: 27,765 (2018)
    • Occupied Housing Units or Households: 26,348 (2018)
    • Owner Occupied: 55.3% (2018)
    • Renter Occupied: 44.7% (2018)
    • Average Rent List Price: $3,725 (2018)
    • Median Home Sale Price: $2,529,690.91 (2018)
    • Avg. Assessed Value: $1,584,153.40 (2018)
  • Number of Hospital Beds: 1,774 (2018)
  • 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 Facilities: 72.84 (2018)
  • Caltrain Average Weekday Passenger Boarding within Palo Alto: 9,977 (2018)
  • Caltrain Weekday Ridership to Downtown Palo Alto: 7,404 (2018)
  • Number of Libraries and Annual Circulation: 5 libraries with a circulation of 1,400,926

 

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Last Updated: April 5, 2018