In the Silicon Valley, Palo Alto is the heart of the valley. It is home to many high tech companies and startups. It is a rich city in the San Francisco Bay area. Companies such as Tesla, HP and VHWare are based here. It is the home to Stanford University, which is one of the leading research institutes. Even schools located here are esteemed institutions. Many move to Palo Alto to avail of the educational opportunities.
It is one of the wealthiest cities in the USA. The real estate market is highly competitive. Property values are very high. The cost of living too is high. It shows how desirable the area is.
You can have a good quality of life here. There are recreational facilities and parks. The downtown area houses boutique shops, cafes and restaurants. The demography is cosmopolitan and diverse.
The city is known for its environmental initiatives.