Living in Palos Verdes Estates, California
Cost of living, income, home prices, rent and demographics of Palos Verdes Estates · Census data 2020–2024
Palos Verdes Estates has 12,925 residents with a median age of 52.4. The median household income is $242,014 (144% higher than the California median), the median home value is $2,000,001, the median rent is $3,217/month.
Palos Verdes Estates at a glance
- Population
- 12,925
- Median age
- 52.4State: 37.9
- Median household income
- $242,014State: $99,122
- Median home value
- $2,000,001State: $734,700
- Median rent
- $3,217/moState: $2,036
- Homeowners
- 89.7%
- Bachelor's degree or higher
- 79.6%
- Average commute
- 32 min
Is Palos Verdes Estates a good place to live?
Pros: Median household income 144% higher than the California median; unemployment of 4.7%; a poverty rate of 2.9%.
Cons: Home values 172% higher than the state median; an average commute of 32 minutes.
The weather is best in July to October.
Cost of living in Palos Verdes Estates
Housing is the biggest part of the cost of living. In Palos Verdes Estates the median home value is $2,000,001, 501% higher than the U.S. median. Renters pay a median of $3,217 per month, which is 48.8% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Palos Verdes Estates median household income
The median household income in Palos Verdes Estates is $242,014 and the income per person is $133,196. 2.9% of residents live below the poverty line (California: 12%).
Housing in Palos Verdes Estates: homes for sale and rent
- Housing units
- 5,370
- Owner-occupied
- 89.7%
- Renter-occupied
- 10.3%
- Vacant
- 7.9%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.61
Palos Verdes Estates demographics
- Population
- 12,925
- Median age
- 52.4
- Under 18
- 24.1%
- 65 and older
- 27.2%
- Households
- 4,946
- Foreign-born
- 20.4%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Palos Verdes Estates ›
Education in Palos Verdes Estates
79.6% of adults 25 and older in Palos Verdes Estates have a bachelor's degree or higher (California: 37.1%), and 41.5% have a graduate or professional degree.
Jobs and commute in Palos Verdes Estates
- Unemployment rate
- 4.7%State: 6.6%
- Average commute
- 32 minState: 29 min
- Work from home
- 26.1%
- Drive alone
- 70%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 95.3%
Palos Verdes Estates vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palos Verdes Estates | 12,925 | $242,014 | $2,000,001 | $3,217 |
| Rancho Palos Verdes | 40,864 | $179,623 | $1,609,400 | $3,501 |
| Rolling Hills | 1,509 | $250,001 | $2,000,001 | $3,501 |
| Rolling Hills Estates | 8,131 | $191,895 | $1,692,600 | $3,501 |
| Redondo Beach | 69,291 | $150,245 | $1,279,200 | $2,691 |
| Torrance | 142,130 | $116,217 | $1,074,700 | $2,280 |
| Lomita | 20,225 | $93,810 | $831,500 | $1,961 |
| Hermosa Beach | 19,063 | $166,442 | $2,000,001 | $2,887 |
| Manhattan Beach | 34,210 | $204,306 | $2,000,001 | $3,449 |
More for people moving to Palos Verdes Estates
Palos Verdes Estates ZIP code ›Weather and climate ›Living in Palos Verdes Estates: FAQ
What is the median household income in Palos Verdes Estates, CA?
The median household income in Palos Verdes Estates is $242,014, 144% higher than the California median of $99,122 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palos Verdes Estates?
The median home value in Palos Verdes Estates is $2,000,001, compared with $734,700 in California.
How much is rent in Palos Verdes Estates?
The median gross rent in Palos Verdes Estates is $3,217 per month, about 48.8% of household income.
Is Palos Verdes Estates, CA a good place to live?
Pluses: median household income 144% higher than the California median; unemployment of 4.7%; a poverty rate of 2.9%. Minuses: home values 172% higher than the state median; an average commute of 32 minutes.
What is the median age in Palos Verdes Estates?
The median age in Palos Verdes Estates is 52.4 years (California: 37.9).
How long is the commute in Palos Verdes Estates?
The average commute to work in Palos Verdes Estates is 32 minutes; 26.1% of workers work from home.
What is the unemployment rate in Palos Verdes Estates?
The unemployment rate in Palos Verdes Estates is 4.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palos Verdes Estates?
79.6% of adults in Palos Verdes Estates have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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