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Palo Alto is one of the most expensive cities in the United States in which to live, and its residents are among the most educated in the country. As one of the principal cities of Silicon Valley, Palo Alto is headquarters to a number of high-tech companies, including HP, Space Systems/Loral, VMware, Ford Research, Skype, Houzz, SAP Labs, and Lockheed Martin. Palo Alto has also served as headquarters to several other high-tech companies, including Apple, Google, Facebook, Logitech, Tesla, Intuit, Pinterest, and PayPal.

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