Around Town | July 23, 2010 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - July 23, 2010

Around Town

WE'RE NOT NO. 1? ... The numbers are in, and it's one of those half-full, half-empty situations: Palo Alto trails behind Bethesda, Md., and Greenwich, Conn., in CNN Money Magazine's 2010 list of "top-earning towns." "Palo Alto is awash in high-tech prosperity. Stanford professors, Facebook engineers and venture capitalists are neighbors in this Silicon Valley town," the magazine said. Median family income here is $153,615, and the median home price is $1,180,000, the magazine said. In Bethesda, home of many federal government employees and Washington D.C.-area professionals, median family income is $172,541, but homes cost less — $725,000 is the median price. In New York City's tony bedroom community of Greenwich, median family income is $164,807 and the median home price is $997,498. Behind Bethesda, Greenwich and Palo Alto in the top-10 list are Newport Beach, Calif., Lower Merion, Pa., Newton, Mass., Fairfield, Conn., Greenburgh, N.Y., Burke, Va., and Naperville, Ill.

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