Palm Springs, FL Cost Of Living
Cost Of Living In Palm Springs, FL Summary
Cost of living in Palm Springs 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 Palm Springs is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, 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 Palm Springs is 103, with 100 being the average.
The cost of living index in Palm Springs is 1.0x higher than the national average.
Palm Springs ranks as the #180 cheapest in Florida out of 459.
Palm Springs ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Palm Springs is $264,220.
The median income in Palm Springs is $59,602.
Table Of Contents
Palm Springs's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Palm Springs, FL?
According to the most recent data on the cost of living, Palm Springs has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Florida, Palm Springs has a cost of living index that's 1.1x higher than Florida's index of 97.
The standard of living in Palm Springs ranks as #180 most affordable out of the 459 places we measured in Florida. By definition, that implies Palm Springs ranks as the #279 most expensive place in the Sunshine State.
For more reading on life in Palm Springs, check out:
In Florida
In America
Palm Springs Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Palm Springs. Here is how it fairs on each of the criteria:
The Services index in Palm Springs is 106.
The Groceries index in Palm Springs is 104.
The Health index in Palm Springs is 94.
The Housing index in Palm Springs is 98.
The Transportation index in Palm Springs is 103.
The Utilities index in Palm Springs is 103.
| Living Expense | Palm Springs | Florida | National Average | |
|---|---|---|---|---|
| Overall | 103 | 97 | 100 | |
| Services | 106 | 96 | 100 | |
| Groceries | 104 | 99 | 100 | |
| Health | 94 | 98 | 100 | |
| Housing | 98 | 96 | 100 | |
| Transportation | 103 | 97 | 100 | |
| Utilities | 103 | 95 | 100 | |
Palm Springs, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, 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 Palm Springs is $264,220.
The Median Rent in Palm Springs is $1,597.
The Median Income in Palm Springs is $59,602.
The Home Value To Income in Palm Springs is 4.4x.
The Rent To Monthly Income in Palm Springs is 0.32x.
| Statistic | Palm Springs | Florida | United States |
|---|---|---|---|
| Median Home Value | $264,220 | $377,066 | $303,400 |
| Median Rent | $1,597 | $1,564 | $1,348 |
| Median Income | $59,602 | $71,711 | $78,538 |
| Home Value To Income | 4.4x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.32x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Palm Springs, FL Costs By Category
Detailed Palm Springs Services Costs Vs. Florida
| Item | Palm Springs | Florida |
|---|---|---|
| Shampoo | $1.49 | $1.28 |
| Movie | $13.42 | $12.13 |
| Bowling | $23.13 | $18 |
| Haircut | $22.18 | $24.26 |
| Beauty Salon | $73.78 | $45.56 |
Detailed Palm Springs Groceries Costs Vs. Florida
| Item | Palm Springs | Florida |
|---|---|---|
| Ground Beef | $5.79 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $5.27 | $4.93 |
| Pizza | $14.0 | $12.09 |
| Beer | $11.23 | $10.41 |
| Toothpaste | $3.5 | $3.7 |
Detailed Palm Springs Health Costs Vs. Florida
| Item | Palm Springs | Florida |
|---|---|---|
| Optometrist | $113.16 | $125.68 |
| Doctor | $114.67 | $135.78 |
| Dentist | $106.72 | $113.29 |
Detailed Palm Springs Transportation Costs Vs. Florida
| Item | Palm Springs | Florida |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $63.46 | $59.92 |
Detailed Palm Springs Utilities Costs Vs. Florida
| Item | Palm Springs | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Palm Springs SnackAbility
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Cost Of Living In Cities Around Palm Springs
The cost of living varies in the cities and towns around Palm Springs. Here's a quick look at the cost of living in the most populous nearby places:
Boca Raton, FL has a cost of living index of 144, 1.4x Palm Springs.
Boynton Beach, FL has a cost of living index of 111, 1.1x Palm Springs.
Wellington, FL has a cost of living index of 137, 1.3x Palm Springs.
| City | Population | Cost Of Living | Vs. Palm Springs |
|---|---|---|---|
| Boca Raton, FL | 98,833 | 144 | 1.4x |
| Boynton Beach, FL | 80,601 | 111 | 1.1x |
| Wellington, FL | 61,497 | 137 | 1.3x |
| Jupiter, FL | 61,097 | 130 | 1.3x |
| Palm Beach Gardens, FL | 59,751 | 132 | 1.3x |
| Greenacres, FL | 43,871 | 104 | 1.0x |
| The Acreage, FL | 40,188 | 128 | 1.2x |
| Royal Palm Beach, FL | 39,089 | 121 | 1.2x |
| North Palm Beach, FL | 13,089 | 128 | 1.2x |
| Lantana, FL | 11,845 | 114 | 1.1x |
