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Market Data

Statistics On Rancho Palos Verdes

Rancho Palos Verdes, CA has a population of 42,412 people with a median age of 49.3 and a median household income of $120,668. Between 2015 and 2016 the population of Rancho Palos Verdes, CA declined from 42,464 to 42,412, a 0.12% decrease and its median household income grew from $118,780 to $120,668, a 1.59% increase.

The population of Rancho Palos Verdes, CA is 54.2% White, 27.5% Asian, and 10% Hispanic. 36.2% of the people in Rancho Palos Verdes, CA speak a non-English language, and 93% are U.S. citizens.

The largest universities in Rancho Palos Verdes, CA are Marymount California University, with 169 graduates, N/A, with N/A graduates, and N/A, with N/A graduates.

The median property value in Rancho Palos Verdes, CA is $1M, and the homeownership rate is 79.8%. Most people in Rancho Palos Verdes, CA commute by Drove Alone, and the average commute time is 29.5 minutes. The average car ownership in Rancho Palos Verdes, CA is 2 cars per household.

Rancho Palos Verdes, CA is a census place located in Los Angeles County, CA. It borders Lomita, CA; Los Angeles, CA; Palos Verdes Estates, CA; Rolling Hills, CA; and Rolling Hills Estates, CA. If you decide to move to Palos Verdes, you can generally expect to commute to work between 20 to 24 miles because of the city size.

MEDIAN HOUSEHOLD INCOME

$120,668

CITY POPULATION

42,412

MEDIAN AGE

49.3

POVERTY RATE

4.04%

NUMBER OF EMPLOYEES

18,056

MEDIAN PROPERTY VALUE

3.63% GROWTH

EDUCATION

In 2015 universities in Rancho Palos Verdes, CA awarded 169 degrees. The student population of Rancho Palos Verdes, CA is skewed towards females, with 74 male students and 95 female students. Most students in Rancho Palos Verdes, CA are Hispanic or Latino (57 and 33.7%), followed by White (56 and 33.1%), Black or African American (14 and 8.28%), and Unknown (13 and 7.69%).

The largest universities in Rancho Palos Verdes, CA by number of graduates are Marymount California University (169 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Rancho Palos Verdes, CA are General Business Administration & Management (49 and 29%), Liberal Arts & Sciences (35 and 20.7%), and General Psychology (31 and 18.3%).

The median tuition costs in Rancho Palos Verdes, CA are N/A for private four year colleges, and $34,134 and $34,134 respectively, for public four year colleges for in-state students and out-of-state students.

ECONOMY

The economy of Rancho Palos Verdes, CA employs 18,056 people. The economy of Rancho Palos Verdes, CA is specialized in Wholesale trade; Real Estate, Rental & Leasing; and Professional, Scientific, Tech Services, which employ respectively 2.39; 2.2; and 1.87 times more people than what would be expected in a location of this size.

The largest industries in Rancho Palos Verdes, CA are Manufacturing (2,499), Professional, Scientific, Tech Services (2,404), and Healthcare & Social Assistance (2,260), and the highest paying industries are Utilities ($121,458), Healthcare & Social Assistance ($90,187), and Professional, Scientific, Tech Services ($86,605).

Median household income in Rancho Palos Verdes, CA is $120,668. Males in Rancho Palos Verdes, CA have an average income that is 1.52 times higher than the average income of females, which is $84,695. The income inequality of Rancho Palos Verdes, CA (measured using the Gini index) is 0.506 which is higher than the national average.

DIVERSITY

Rancho Palos Verdes, CA is home to a population of 42,412 people, from which 93% are citizens. The ethnic composition of the population of Rancho Palos Verdes, CA is composed of 22,984 White residents (54.2%), 11,652 Asian residents (27.5%), 4,241 Hispanic residents (10%), 2,028 Two+ residents (4.78%), and 916 Black residents (2.16%).

The most common foreign languages in Rancho Palos Verdes, CA are Chinese (3,122 speakers), Japanese (2,286 speakers), and Spanish (1,893 speakers), but compared to other places, Rancho Palos Verdes, CA has a relative high number of Japanese (2,286 speakers), Persian (1,016 speakers), and Korean (1,648 speakers).

HOUSE & LIVING

The median property value in Rancho Palos Verdes, CA is $1M, which is 4.89 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $968,200 to $1M, a 3.63% increase.

The homeownership rate of Rancho Palos Verdes, CA is 79.8%, which is higher than the national average of 63.6%. People in Rancho Palos Verdes, CA have an average commute time of 29.5 minutes, and they commute by Drove Alone. Car ownership in Rancho Palos Verdes, CA is approximately the same as the national average, with an average of 2 cars per household.

Car ownership in Rancho Palos Verdes, CA is approximately the same as the national average, with an average of 2 cars per household.

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