Palo Alto has the 411th largest population in the United States. The population grew by 3.8% from 2010 to 2015, which was faster than the national average. Palo Alto is part of the San Jose metro area. Unemployment in the San Jose area is 3%, which is lower than the national average, and is getting better. San Jose has the 15th largest local economy in the US, and a high cost of living. The average pay for jobs in Palo Alto is above average at $78,620, and the median cost of a home in Palo Alto is over $1,000,000, which is above the national average. 80% of workers in Palo Alto hold a bachelors degree or higher (above average), and 97% of workers have a high school degree (above average). Driving to work is especially common in Palo Alto. 76% of Palo Alto workers drive to work alone, 3% take public transit, 10% carpool, and 9% walk. People in Palo Alto spend an average of 22 minutes commuting to work, which is shorter than the national average of 26 minutes.