Palos Verdes Estates is a medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 12,646 people and four associated neighborhoods, Palos Verdes Estates is the 373rd largest community in California.
Palos Verdes Estates home prices are not only among the most expensive in California, but Palos Verdes Estates real estate also consistently ranks among the most expensive in America.
A relatively large number of people in Palos Verdes Estates telecommute to their jobs. Overall, about 21.43% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Palos Verdes Estates is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Palos Verdes Estates is a great place for families with children to consider. First of all, many other families with children live here, making Palos Verdes Estates a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Palos Verdes Estates has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Palos Verdes Estates’s overall crime rate is lower than average for the country.
One of the nice things about Palos Verdes Estates is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
In Palos Verdes Estates, however, the average commute to work is quite long. On average, people spend 33.17 minutes each day getting to work, which is significantly higher than the national average.
Palos Verdes Estates is a small city, and as such doesn't have a public transit system that people use to get to and from their jobs every day.
Do you like to read, write and learn? If you move to Palos Verdes Estates, you'll likely find that many of your neighbors like to as well. Palos Verdes Estates is one of the more educated communities in America, with a full 79.85% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Palos Verdes Estates in 2022 was $133,004, which is wealthy relative to California and the nation. This equates to an annual income of $532,016 for a family of four.
Palos Verdes Estates is an extremely ethnically-diverse city. The people who call Palos Verdes Estates home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palos Verdes Estates residents report their race to be White, followed by Asian. Important ancestries of people in Palos Verdes Estates include Irish, German, English, Italian, and European.
In addition, Palos Verdes Estates has a lot of people living here who were born outside of the US (22.07%).
The most common language spoken in Palos Verdes Estates is English. Other important languages spoken here include Chinese and Japanese.