Housing costs in Palo Alto?
A typical home costs
$3,039,000, which is 798.8% more expensive than the national average of
$338,100 and 314.3% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Palo Alto costs
$3,900 per month, which is 81.4% more than the national average of
$2,150 and 25.1% more than the state average of
$2,920.
Can I afford Palo Alto?
To live comfortably in Palo Alto (zip 94304), California, a minimum annual income of
$582,120 for a family, and
$133,200 for a single person is recommended.
What does A.I. say about Palo Alto?
The cost of living in 94304 Palo Alto, CA is 447.9, which is more than four times the US average Cost of Living of 100. This is reflected in the median house value in the area which stands at $3.039e+006, well over three times the US average House Value of $338,100. Therefore, it can be concluded that the cost of living in 94304 Palo Alto, CA is significantly higher compared to most areas across the United States.