Palo Alto, a city located in the state of California (CA), is home to a population of approximately 67,901 people. Palo Alto boasts a median age of 42.3, with around 25.2% of its residents aged 60 or above. 2.3% of the population identifies as US Veterans. 7.4% of Palo Alto residents are disabled. The city has an average household income of $214,118, while the unemployment rate stands at 3.3%, and around 4.7% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Palo Alto is $2,000,000, with a monthly rent averaging $3,169.