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5 Apartments with Furnished Near Me in Palo Alto, CA
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Cost of Living
44% Rent
vs
56% Own
Renter's Cost vs. Income
Last Updated October 2023
Average Monthly Rent (Census)
Last Updated October 2023
The breakdown of people who rent in Palo Alto, CA is 44% renters and 56% owners. The monthly average cost of rent in Palo Alto is $2,950 per month and the yearly average income is $272,206 per year. This compares to an average rent of $1,641 in CA and $1,003 in the US. This data was last updated in October 2023
Travel and Transport
Commuting to Work
Last Updated October 2023
Residents of Palo Alto, CA spend an average of 24.4 minutes commuting to work. 42% have short commutes under 20 minutes, 52% travel between 20 and 60 minutes, and 6% face longer journeys exceeding an hour, reflecting varying levels of accessibility and distance.
In Palo Alto, CA, 5% of residents rely on public transportation, 4% commute on foot, 8% use bicycles, and 84% opt for other modes such as cars and ride-sharing.
FAQs
What is the average rating of a community in Palo Alto?
The average rating is 2/5 stars.
What is the average price for a 2 Bedrooms + 2 Bathrooms in Palo Alto?
The average price is $7,258.42.
What is the average price for a Studio + 1 Bathroom in Palo Alto?
The average price is $5,481.67.
What is the average price for a 1 Bedroom + 1 Bathroom in Palo Alto?
The average price is $5,790.21.
What is the average monthly rent for Palo Alto?
Based on 2023 city data, the average monthly rent is $2,950.00.
What is the average commute time?
Based on 2017 city data, the average commute is 24.4 mins.