Palos Verdes Estates
Palos Verdes Estates (Palos Verdes, Spanish for “Green Sticks”) is a city in Los Angeles County, California, United States, located on the Palos Verdes Peninsula. The city was designed by noted American landscape architect and planner Frederick Law Olmsted Jr. The city is located along the Southern California coast of the Pacific Ocean.
Established on December 20, 1939, the town of Palos Verdes Estates is the oldest of the four towns on the Palos Verdes Peninsula.
New York financier Frank A. Vanderlip Sr. bought the land from the Bixby family in 1913 with the idea of building a planned residential community. The new community was designed and built by the famed Olmsted Brothers, sons of Frederick Law Olmsted Sr., who designed Central Park in New York City. Gently winding roads, green slopes, trails, stands of eucalyptus, pepper and coral trees were established, and a full 28% of the land area was earmarked for permanent open space. This early planning and deployment of parks gives the city its unique rural character and has resulted in its international reputation for scenic beauty.
Palos Verdes Estates is a city in California. With a population of 13,012 in 2020, it is the 343rd largest city in California and the 2,564th largest city in the United States. Palos Verdes Estates is currently declining at a rate of -0.66% per year and its population has declined by -3.17% since the most recent census, which recorded a population of 13,438 in 2010. Palos Verdes Estates spans over 8 miles and has a population density of 2,726 people per square mile.
The median household income in Palos Verdes Estates is $276,053 with a poverty rate of 5.93%. The median rental cost in recent years has been $2,683 per month and the median home value is $2.00 million. The median age in Palos Verdes Estates is 52.2 years, 52.5 years for men and 51.9 years for women.
In Palos Verdes Estates summers are comfortable, dry and clear and winters are long, cool and partly cloudy. During the year, the temperature usually ranges from 51°F to 74°F and is rarely below 46°F or above 82°F.
Based on tourism rating, the best time of year to visit Palos Verdes Estates for warm weather activities is from mid-June to mid-October.
Palos Verdes Estates has an unemployment rate of 10.9%. The US average is 6.0%.
Palos Verdes Estates saw the labor market increase by 0.7% last year. Future job growth over the next ten years is projected at 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Palos Verdes Estates
– The tax rate for Palos Verdes Estates is 9.5%. The US average is 7.3%.
– The income tax rate for Palos Verdes Estates is 9.3%. The US average is 4.6%.
– Tax rates can have a big impact when comparing the cost of living.
Notable People or Companies
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Chester Bennington (1976-2017) – Musician and lead singer of Linkin Park
David Benoit (born 1953) – Musician
Robert DeLeo (born 1966) – Bassist and co-founder of Stone Temple Pilots
Bill Laimbeer (born 1957) – American basketball player ( Detroit Pistons )
Daniel Levitin (born 1957) – Bestselling author, neuroscientist, musician
Matt Manfredi (born 1971) – American screenwriter
Randy Nauert (born 1945) – Bassist and co-founder of The Challengers
Donald Peterman (1932–2011) – Academy Award -nominated cinematographer
Christen Press (born 1988) – American football striker and World Cup champion
Shahbudin Rahimtoola (1931-2018 ) – Cardiologist
Gary Wright (born 1943) – Musician
Anderson Silva (born 1975) – UFC Middleweight Champion