Housing costs in Palo Alto?
A typical home costs
$3,526,500, which is 943.0% more expensive than the national average of
$338,100 and 380.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Palo Alto costs
$3,290 per month, which is 53.0% more than the national average of
$2,150 and 11.2% more than the state average of
$2,920.
Can I afford Palo Alto?
To live comfortably in Palo Alto (zip 94301), California, a minimum annual income of
$675,720 for a family, and
$112,400 for a single person is recommended.
What does A.I. say about Palo Alto?
The cost of living in 94301 Palo Alto, CA is very high. According to BestPlaces, the cost of living index in Palo Alto is 119.7, which is significantly higher than the national average of 100. Rent and housing prices are among the most expensive in the country, with houses costing an average of $2,348,500 and rent prices averaging $4,400 per month for a one-bedroom apartment. Additionally, groceries and other goods are also significantly more expensive than other areas of the country. While all these costs can be prohibitive for some people looking to move to Palo Alto, it still remains a popular destination due to its proximity to Silicon Valley’s tech giants and its various amenities.