Housing costs in Palo Alto?
A typical home costs
$2,962,200, which is 776.1% more expensive than the national average of
$338,100 and 303.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Palo Alto costs
$3,110 per month, which is 44.7% more than the national average of
$2,150 and 6.1% more than the state average of
$2,920.
Can I afford Palo Alto?
To live comfortably in Palo Alto (zip 94306), California, a minimum annual income of
$567,720 for a family, and
$106,000 for a single person is recommended.
What does A.I. say about Palo Alto?
The cost of living in 94306 Palo Alto, CA is 409.3, significantly higher than the US average cost of living which is 100. This high cost of living reflects in the median house value for 94306 Palo Alto, CA, which is $2.9622e+006, far greater than the US average house value of $338,100. Living in such an expensive area comes with its own set of necessities and luxuries that come at a premium. Despite the high expenses to live in such an area, it can still be worth it due to its close proximity to Silicon Valley and all the opportunities it offers.