Palo Alto, California, 94304 is a vibrant city with many benefits for those looking to rent a 2 bedroom apartment. The cost of rent for a two-bedroom in Palo Alto is $3,900 which is significantly more than the US average of $1,430. Additionally, the Grocery Cost Index in Palo Alto is 124 compared to the US average of 100. This higher cost of living is offset by the many job opportunities provided by local tech companies such as Apple, Google, and Tesla. These companies provide well paying jobs for Palo Alto residents that often have great benefits such as comprehensive healthcare packages. Living in Palo Alto also offers access to excellent schools and an active cultural life with music and art festivals throughout the year.
Palo Alto (zip 94304) has an unemployment rate of 3.5%. The US average is 6.0%.
Palo Alto (zip 94304) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.
Tax Rates for Palo Alto (zip 94304)
- The Sales Tax Rate for Palo Alto (zip 94304) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Palo Alto (zip 94304) is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Palo Alto (zip 94304)
- The average income of a Palo Alto (zip 94304) resident is $109,928 a year. The US average is $37,638 a year.
- The Median household income of a Palo Alto (zip 94304) resident is $152,772 a year. The US average is $69,021 a year.