This data is based on ZIP code 94028, which covers Portola Valley and Menlo Park and Palo Alto.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP code 94028 area shared across these towns.
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Portola Valley ZIP Area Economy · 2023
Wages -51% vs. avg. San Mateo Co. town
Portola Valley's ZIP area supports 1,822 jobs across 210 businesses, with workers earning an average of $77K per year, 51% below the San Mateo County average. The economy is well-diversified (0.87 index), led by professional services and real estate. 0% of businesses have fewer than 20 employees, and each business employs an average of 8.7 people. Jobs grew 11.1% from the prior year while business count grew 5%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. San Mateo Avg.i
Industries sorted by relative concentration in this ZIP area.
Economic Densityi
0.42
jobs per resident
8.7
employees per business
County avg: 19.5-55%
$33K
payroll per resident
$668K
payroll per business
Portola Valley ZIP Area vs. Avg. San Mateo Co. Towni
All Industries in ZIP Areai
| Sector | Portola Valley ZIP | Avg. San Mateo Co. | Spec. |
|---|---|---|---|
| Professional Services | 55 | 370 | 1.6x |
| Real Estate | 29 | 166 | 1.9x |
| Healthcare | 22 | 260 | 0.9x |
| Other Services | 21 | 180 | 1.2x |
| Finance & Insurance | 16 | 125 | 1.4x |
| Food & Accommodation | 13 | 211 | 0.7x |
| Retail Trade | 9 | 184 | 0.5x |
| Education | 9 | 50 | 1.9x |
| Information | 7 | 66 | 1.1x |
| Agriculture | 6 | 2 | 31.9x |
| Admin Services | 6 | 114 | 0.6x |
| Arts & Entertainment | 5 | 36 | 1.5x |
| Construction | 4 | 203 | 0.2x |
| Wholesale Trade | 3 | 109 | 0.3x |