94301 is an affluent, high-income neighborhood in Palo Alto with a premium real estate market.
Population
17,126
Income Rank
Top 98%
$236K
Median Income
vs national
$2.0M
Home Value
vs national
$3,290
Monthly Rent
vs national
45.4 yrs
Median Age
Key metrics versus national medians
National median: $80,610
National median: $311,500
National median: $1,314
National median: 34.8%
Household income brackets in Palo Alto, CA
This chart shows the percentage of households in each income bracket. The highlighted bar represents the bracket containing the median household income of $235,529.
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Average income and economic data for 94301
$235,529
Median Household Income
$144,736
Per Capita Income
3.3%
Unemployment Rate
Residents of 94301 earn a median household income of $235,529 per year. This is 192% higher than the national median of $80,610, placing this zip code among the top earners in the country. The per capita income of $144,736 provides insight into individual earning power.
Housing costs, home values, and rent prices in Palo Alto, CA
*Estimated at 7% APR, 30-year fixed
How affordable is it to live here?
How is this calculated?
Based on the standard 4x annual income mortgage guideline used by lenders: (Median Income x 4) / Median Home Value, combined with the 28% rent-to-income ratio recommended by financial advisors. This is not financial advice.
Strong income-to-cost ratio makes this area financially accessible for most households.
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Population by age and gender in Palo Alto, CA
This population pyramid shows the distribution of residents by age group and gender. The median age in 94301 is 45.4 years, which is older than the national median of 39 years.
Population breakdown, age distribution, and diversity in Palo Alto, CA
17,126
Total Population
45.4
Median Age
83%
College Educated
7,080
Households
94301 has a population of 17,126 residents in approximately 7,080 households. The median age of 45.4 years is older than the national median of 39 years. With 83% of residents holding bachelor's degrees or higher, this is a highly educated community.
Racial and ethnic demographics in Palo Alto, CA
Diversity Index
57
Diverse
0 = Single race, 100 = Perfect diversity
Hispanic/Latino Population
6%
Note: Hispanic/Latino is an ethnicity, counted separately from race
Racial Composition
The Diversity Index measures the probability that two randomly chosen residents belong to different racial groups. With a score of 57, this is a diverse community.
Educational attainment and college graduation rates in Palo Alto, CA
College Educated (Bachelor's+)
83.3%
National average: 34.8%
High School or Higher
96.3%
National average: 88.6%
Education Breakdown
Educational attainment data shows the highest level of education completed by residents 25 years and older. With 83.3% holding a bachelor's degree or higher, this area exceeds the national average.
Neighborhood profile and quality of life in Palo Alto, CA
Located in Palo Alto, the 94301 area is best described as a affluent professional community.
Residents here enjoy significantly above-average household earnings.
The community includes many empty nesters and seasoned professionals.
This is a highly educated community with most adults holding college degrees.
A typical 94301 resident is a mature adult in their late 40s to early 50s, renter with manageable housing costs, working in professional or executive career with advanced education.
Lifestyle
Career-focused with emphasis on quality amenities and good schools
Frequently asked questions about Palo Alto, CA 94301
The median household income in 94301 (Palo Alto, CA) is $235,529, which is 192% higher than the national median of $80,610.
The median home value in 94301 is $2,000,001. A 20% down payment would be $400,000, with an estimated monthly mortgage of $11,200 at current rates.
The median monthly rent in 94301 is $3,290, totaling $39,480 annually. This represents 17% of the median household income.
94301 in Palo Alto, California is an affluent, high-income neighborhood with a median age of 45.4 years. With 83% college graduates, it's a highly educated community.
The unemployment rate in 94301 is 3.3%, lower than the national rate of 4.8%. This means 96.7% of the labor force is employed.
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