Palo Alto, PA is an ideal location for those seeking a great quality of life. With an average rent of $830 for a two-bedroom apartment, it is much more affordable than the rest of the US with a 2 bedroom rent at $1,430. The grocery cost index in Palo Alto is also lower than the national average, making it a great option for people on a budget. Local companies in Palo Alto include Google, Tesla Motors and Lockheed Martin. Tourist attractions such as the Palo Alto Baylands Nature Preserve, Stanford University Arboretum and The Cantor Arts Center are popular among both locals and visitors alike.
Palo Alto has an unemployment rate of 7.8%. The US average is 6.0%.
Palo Alto has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 15.2%, which is lower than the US average of 33.5%.
Tax Rates for Palo Alto
- The Sales Tax Rate for Palo Alto is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Palo Alto is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Palo Alto
- The average income of a Palo Alto resident is $20,630 a year. The US average is $28,555 a year.
- The Median household income of a Palo Alto resident is $48,264 a year. The US average is $69,021 a year.