This data is based on 9 ZIP codes, which covers Palo Alto and East Palo Alto and Los Altos and Los Altos Hills and Los Gatos and Menlo Park and Mountain View and Portola Valley and Sunnyvale.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined 9 ZIP codes area shared across these towns.
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Palo Alto ZIP Area Economy · 2023
Wages +15% vs. avg. Santa Clara Co. town
Palo Alto's ZIP area supports 251,818 jobs across 6,633 businesses, with workers earning an average of $230K per year, 15% above the Santa Clara County average. The economy is well-diversified (0.85 index), led by professional services and healthcare. 0% of businesses have fewer than 20 employees, and each business employs an average of 38.0 people. Jobs grew 7.5% from the prior year while business count grew 2.7%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Santa Clara Avg.i
Industries sorted by relative concentration in this ZIP area.
Economic Densityi
2.00+
jobs per resident
Capped: ZIP includes employers outside city limits
38.0
employees per business
County avg: 23.6+61%
$862K
payroll per resident
$8.7M
payroll per business
Palo Alto ZIP Area vs. Avg. Santa Clara Co. Towni
All Industries in ZIP Areai
| Sector | Palo Alto ZIP | Avg. Santa Clara Co. | Spec. |
|---|---|---|---|
| Professional Services | 1,651 | 1,271 | 1.3x |
| Healthcare | 662 | 889 | 0.7x |
| Food & Accommodation | 591 | 649 | 0.9x |
| Information | 522 | 275 | 1.9x |
| Real Estate | 449 | 451 | 1.0x |
| Finance & Insurance | 440 | 316 | 1.4x |
| Retail Trade | 427 | 536 | 0.8x |
| Other Services | 421 | 514 | 0.8x |
| Construction | 274 | 482 | 0.6x |
| Admin Services | 222 | 280 | 0.8x |
| Education | 216 | 174 | 1.2x |
| Unclassified | 205 | 43 | 4.8x |
| Wholesale Trade | 145 | 264 | 0.5x |
| Manufacturing | 142 | 251 | 0.6x |
| Arts & Entertainment | 123 | 98 | 1.3x |
| Transportation | 53 | 89 | 0.6x |
| Management | 43 | 26 | 1.6x |
| Utilities | 7 | 2 | 3.5x |
| Agriculture | 6 | 3 | 2.0x |