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The total population of Palo Alto is estimated to be 67,901 with 32,789 males (48.29%) and 35,112 females (51.71%). There are 2,323 more females than males in Palo Alto.
The median household income in Palo Alto was $210,542 in 2021, which marked an an increase of 13,372(6.78%) from $197,170 in 2020. This income is 282.21% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
In Palo Alto, the median income for all workers aged 15 years and older, regardless of work hours, was $119,297 for males and $65,186 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $207,974 for males and $117,022 for females.
In Palo Alto, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $217,378, while Some Other Race households represent the opposite end with the lowest median household income of $120,401.
In 2022, the population of Palo Alto was 66,010, a 1.09% decrease year-by-year from 2021. Previously, in 2021, Palo Alto's population was 66,735, a decline of 2.41% compared to a population of 68,385 in 2020.
The median age in Palo Alto, CA is 41.8, as per 2021 ACS 5-Year Estimates. Of the total population, 17.97% were under the age of 15, 17.93% aged 15 to 29, 45.62% aged 30 to 64, 14.27% aged 65 to 84, and 4.21% were 85 years of age and older.
Racial distribution of Palo Alto population: 52.54% are White, 2.11% are Black or African American, 0.34% are American Indian and Alaska Native, 35.14% are Asian, 0.06% are Native Hawaiian and other Pacific Islander, 2.63% are some other race and 7.18% are multiracial.