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Palo Alto city, CA
ZIP 94301 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
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Income, employment, industries, and economic trends
Income & Economy in Palo Alto city, CA (94301)
Median Income
$235,529
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+843
Wealth inflow
Population
17,126
Unemployment
3.3%
0.4pp below US avg
IRS migration statistics show a net inflow of about 843 for ZIP 94301 (Palo Alto city, CA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 94301 (2020–Present)
Since 2020, population declined 2.0%, median income rose 18.2% (inflation-adjusted), home values decreased 15.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $235,529 |
| Unemployment | 3.3% |
| Establishments | 1,254 |
| Employees | 25,414 |