Palo Alto, California gets a BestPlaces Cost of Living index of 231, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 131.0 percent higher than the U.S. average and 54.1 percent lower than the average for California.
A typical home costs $3,107,600, which is 819.1 percent more expensive than the national average of $338,100 and 323.7 percent more expensive than the average California home, at $733,500. Renting a two-bedroom unit in Palo Alto costs $3,220 per month, which is 125.2 percent more than the national average of $1,430 and 33.2 percent more than the state average of $2,150.
To live comfortably in Palo Alto, California, a minimum annual income of $595,440 for a family, and $110,000 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Palo Alto is cheaper than the US average. A cost of living index above 100 means Palo Alto, California is more expensive.
Palo Alto cost of living is 231.0