Thousand Palms, CA Cost Of Living
Cost Of Living In Thousand Palms, CA Summary
Cost of living in Thousand Palms research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Thousand Palms is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Thousand Palms is 112, with 100 being the average.
The cost of living index in Thousand Palms is 1.1x higher than the national average.
Thousand Palms ranks as the #63 cheapest in California out of 634.
Thousand Palms ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Thousand Palms is $374,881.
The median income in Thousand Palms is $80,280.
Table Of Contents
Thousand Palms's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Thousand Palms, CA?
According to the most recent data on the cost of living, Thousand Palms has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to California, Thousand Palms has a cost of living index that's 0.8x lower than California's index of 141.
The standard of living in Thousand Palms ranks as #63 most affordable out of the 634 places we measured in California. By definition, that implies Thousand Palms ranks as the #571 most expensive place in the Golden State.
For more reading on life in Thousand Palms, check out:
In California
In America
Thousand Palms Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Thousand Palms. Here is how it fairs on each of the criteria:
The Services index in Thousand Palms is 112.
The Groceries index in Thousand Palms is 114.
The Health index in Thousand Palms is 98.
The Housing index in Thousand Palms is 109.
The Transportation index in Thousand Palms is 126.
The Utilities index in Thousand Palms is 95.
| Living Expense | Thousand Palms | California | National Average | |
|---|---|---|---|---|
| Overall | 112 | 141 | 100 | |
| Services | 112 | 110 | 100 | |
| Groceries | 114 | 112 | 100 | |
| Health | 98 | 110 | 100 | |
| Housing | 109 | 195 | 100 | |
| Transportation | 126 | 125 | 100 | |
| Utilities | 95 | 128 | 100 | |
Thousand Palms, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Thousand Palms is $374,881.
The Median Rent in Thousand Palms is $1,432.
The Median Income in Thousand Palms is $80,280.
The Home Value To Income in Thousand Palms is 4.7x.
The Rent To Monthly Income in Thousand Palms is 0.21x.
| Statistic | Thousand Palms | California | United States |
|---|---|---|---|
| Median Home Value | $374,881 | $763,287 | $303,400 |
| Median Rent | $1,432 | $1,956 | $1,348 |
| Median Income | $80,280 | $96,334 | $78,538 |
| Home Value To Income | 4.7x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Thousand Palms, CA Costs By Category
Detailed Thousand Palms Services Costs Vs. California
| Item | Thousand Palms | California |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $11.04 | $12.13 |
| Bowling | $21.11 | $18 |
| Haircut | $27.27 | $24.26 |
| Beauty Salon | $41.78 | $45.56 |
Detailed Thousand Palms Groceries Costs Vs. California
| Item | Thousand Palms | California |
|---|---|---|
| Ground Beef | $5.89 | $5.84 |
| Fried Chicken | $3.49 | $1.57 |
| Milk | $4.92 | $4.67 |
| Potatoes | $4.92 | $4.93 |
| Pizza | $15.31 | $12.09 |
| Beer | $10.26 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Thousand Palms Health Costs Vs. California
| Item | Thousand Palms | California |
|---|---|---|
| Optometrist | $112.92 | $125.68 |
| Doctor | $95.5 | $135.78 |
| Dentist | $117.28 | $113.29 |
Detailed Thousand Palms Transportation Costs Vs. California
| Item | Thousand Palms | California |
|---|---|---|
| Gasoline | $4.75 | $3.46 |
| Tire Balancing | $61.38 | $59.92 |
Detailed Thousand Palms Utilities Costs Vs. California
| Item | Thousand Palms | California |
|---|---|---|
| All Electricity | $378.97 | $193.99 |
| Phone | $180.31 | $192.25 |
Thousand Palms SnackAbility
/10
Cost Of Living In Cities Around Thousand Palms
The cost of living varies in the cities and towns around Thousand Palms. Here's a quick look at the cost of living in the most populous nearby places:
Indio, CA has a cost of living index of 124, 1.1x Thousand Palms.
Palm Desert, CA has a cost of living index of 134, 1.2x Thousand Palms.
Palm Springs, CA has a cost of living index of 132, 1.2x Thousand Palms.
| City | Population | Cost Of Living | Vs. Thousand Palms |
|---|---|---|---|
| Indio, CA | 90,669 | 124 | 1.1x |
| Palm Desert, CA | 51,551 | 134 | 1.2x |
| Palm Springs, CA | 44,998 | 132 | 1.2x |
| Coachella, CA | 42,594 | 116 | 1.0x |
| La Quinta, CA | 38,299 | 139 | 1.2x |
| Rancho Mirage, CA | 17,375 | 152 | 1.4x |
| Bermuda Dunes, CA | 8,074 | 137 | 1.2x |
| Desert Palms, CA | 6,522 | 143 | 1.3x |
