salaryRent here is among the highest 10% in the country. Household incomes are higher than in 100% of U.S. cities. A typical house costs about 7.7 years of household income, so buying is hard for most locals. Commutes are long, about 31.9 minutes each way. Most homes (89.7%) are owned, so rentals can be hard to find. It is a highly educated city: 79.6% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $136,440 a year. That is $66 an hour at a full-time job.
Is rent cheaper than other California cities?
No. Rent here is more expensive than in most of California. It is number 567 of 653 cities from cheapest to most expensive.
How much do households earn in Palos Verdes Estates?
Share of households by yearly income. 73.2% of households earn $100,000 or more.
Rent by apartment size in Palos Verdes Estates
| Size | Palos Verdes Estates | U.S. average |
|---|---|---|
| 2 bedrooms | $3,302 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Palos Verdes Estates overall?
Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Palos Verdes Estates, so the California figure is shown.
Taxes and bills in Palos Verdes Estates
Life in Palos Verdes Estates
Is it cheaper to rent or buy in Palos Verdes Estates?
Renting is cheaper right now: about $10,466 a month less.
Owning assumes a typical $2,000,000+ home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $200,000 for the down payment.
Frequently asked questions
What is the average rent in Palos Verdes Estates, CA?
Renting in Palos Verdes Estates costs a median of about $3,411 a month in 2026, including utilities. The California median is $2,357.
How much do I need to make to live in Palos Verdes Estates?
To keep rent under 30% of income, you need about $136,440 a year, or $66 an hour at a full-time job.
Is Palos Verdes Estates cheap or expensive?
Palos Verdes Estates is rated Cheap: rent takes 15.7% of the typical household income of $261,012. It ranks 567th cheapest of 653 California cities we track.
How much are property taxes in Palos Verdes Estates?
The median homeowner in Palos Verdes Estates pays $10,000+ a year in property taxes, about 0.50% of the median home value.
Is Palos Verdes Estates more expensive than the national average?
Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Palos Verdes Estates?
The median home value in Palos Verdes Estates is $2,000,000+, about 7.7 times the typical yearly household income.
12,925 people live in Palos Verdes Estates. Numbers are typical (middle) values.