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Economic Atlas
Places/IA/Palo Alto
County profile

Palo Alto

United States · GDP 2024
#2031 of 3,127 US counties by GDPtop-decile growthmore diversified than 43% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$796.3M
GDP growth
+12.4%
Jobs tracked
2,881
Employers
272
Avg. wage
$45.9k
Population
8,899
Labor & formation
Unemployment
2.1%
Median HH income
$72.8k±$7.5k
Business applications
55 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

No public companies loaded for this state yet — universe expands with the full ingest.

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care29%
Manufacturing25%
Retail trade17%
Food & accommodation16%
Construction7%
Wholesale trade6%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
8,899
residents · 2025 · -1.0% since 2020
Income per capita $65.5k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−14
International migration+28
Natural change−105

GDP trend

2019–2024 · nominal
$515.4M
2019
$471.9M
2020
$632.6M
2021
$808.7M
2022
$708.6M
2023
$796.3M
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$123.2k±$12.2k
Median gross rent
$638/mo±$41/mo
Vacancy rate
16.6%±3.0%
Affordability
2.7× wages
Residential permits
6 (0.7/1k pop)
FEMA risk score
15.5
HUD Fair Market Rent (2BR):$919/mo · 2026
TOP PERILS · FEMA NRI
Drought 83Hail 78Cold wave 62
FHFA HOUSE PRICE INDEX · 2016–2025
173
2016
182
2017
189
2018
183
2019
196
2020
214
2021
234
2022
245
2023
264
2024
298
2025
Wage trend
BLS QCEW · 2019–2023
$45.9k
avg. annual pay · +21% since 2019
Similar US counties
nearest by GDP
Cherokee$796.7MBertie$797.9MMontague$798.4MSac$793.7MPrentiss$799.4MWashburn$799.5M
The read

Palo Alto's economy produced $796.3M in 2024, growing 12.4% year over year — faster than 95% of US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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