Palos Verdes Estates is a somewhat small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 12,792 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", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Because of many things, Palos Verdes Estates is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Palos Verdes Estates really has some of the features that families look for when choosing a good community to raise children. Is Palos Verdes Estates perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Palos Verdes Estates is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
One downside of living in Palos Verdes Estates, however, is that residents on average have to contend with a long commute, spending on average 33.17 minutes every day commuting to work.
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.