Screw what these newbs are babbling about. This place is all rich people and its 100k a year for a stanford mba. Can't feel sorry for people who live here. It's posh
Yup, it's definitely a nice area. Saw some 20-year-old-looking kids driving a brand new Ferrari near the Stanford shopping center the other day. And as usual with $$$ areas, there's a strong supply of really hot girls.
Know your Bay Area geography. As for Palo Alto if you like overpriced suburbia then it is the place for you. If you want some real culture, also with good looking college coeds, go to Berkeley. Last week when I was driving from SFO to Monterey I had to stop and pick up some supplies. I deliberately went to East Palo Alto instead of Palo Alto to avoid shopping at the snotty overpriced stores. Got some great Mexican food at good prices without dealing with the Desperate Housewives set at Mi Pueblo just on the other side of 101. http://www.mipueblofoods.com/
I lived there for 3 months and it was definitely up there. Company i worked remotely for was out there so had to do some training with them. Office was right next to facebook and a ton of other startups. Fun little college town.