We lost out to both New York City and Washington DC, this time in the contest for the town with the highest earnings. Here are the Top Ten, courtesy of CNN/Money, of the places with the highest median family incomes.
|3||Palo Alto, CA||$163,661|
|4||Newport Beach, CA||$156,928|
|5||Lower Merion, PA||$153,309|
People, this is not good. Not only did High Tech lose out to High Finance and High Crimes and Misdemeanors, but there’s Highly-wood right behind us. Also this list is disturbingly full of Least Coasters.
Here’s what they thought of The Specialest Place of Them All (Not Including Mountain View, because for Pete’s Sake, Palo Alto may be Special but it does Not Have Google Anymore).
3. Palo Alto, CA 3 of 25
Median family income: $163,661
Median home price: $1,225,000
Nestled in California’s Silicon Valley, Palo Alto has attracted a pile of tech companies — and their CEOs. Not only does tech granddaddy HP have its headquarters here, but so do newbies like Pinterest and Ning. Facebook’s Mark Zuckerberg has a house in Palo Alto, as did Steve Jobs. Stanford University, which falls within its boundaries, adds to the city’s prestige.
Palo Alto nurtures startups and the money that results from their successes. Its residents reap the rewards. Area schools are exceptional, while the city has 35 parks and a Mediterranean climate that varies by only 20 degrees year-round.
Did you know that Palo Alto’s climate was More Special than that of any of the surrounding Not As Special cities? Perhaps Redwood City (Motto: Climate Best by Government Test) is going to have to come over and punch them out for getting airs.
Oh yeah, and Mark Zuckerberg is mostly hanging out in San Francisco these days. Could he have picked up this little pied-a-terre? Just kidding, that place was sold to a school, which is now awash in neighborhood NIMBY lawsuits. But have a look at this SocketSite discussion and see if you can figure out where Mark bought. Two possibilities: 366 Liberty or 376 Hill.