Palm Springs North cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexPalm Springs NorthFloridaNational
Cost of living index121100100
IndexPalm Springs NorthFloridaNational
Goods & Services index106101100
Groceries index107105100
Health care index10497100
Housing index15495100
Transportation index117105100
Utilities index97102100
The above illustration supplies generalized information for the Palm Springs North, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Palm Springs North, FL is 121, which is 21% higher than the Florida average and 21% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Palm Springs North, FL are 6% higher than the average for Florida and 6% higher than the rest of the country.

Did you know?

  • The cost of living in Palm Springs North is 21% higher than the Florida average.
  • The cost of living in Palm Springs North is 21% higher than the national average.
  • The cost of housing in Palm Springs North is 54% higher than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Compare Palm Springs North, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Palm Springs North, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Palm Springs North, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Palm Springs North, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$80,972$6,748$1,889$2,429
Renters$43,906$3,659$1,024$1,317
One can approximate the cost of living and the housing affordability in Palm Springs North, FL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Palm Springs North, FL have a median income of $80,972. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,889 per month to avoid calamity and poverty. The renters in the city have an income of about $43,906, which would make their monthly maximum allowable rental costs $1,024.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When assessing the complete cost of living in Palm Springs North, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

ItemPalm Springs NorthNational avg.Difference
Haircut $15.60$14.596.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.70$2.479.2%
Shampoo $1.07$1.024.7%
Movie $10.81$9.879.5%
Bowling $8.26$4.3988.1%

Groceries

ItemPalm Springs NorthNational avg.Difference
Ground Beef $5.13$4.4814.6%
Fried Chicken $1.57$1.467.2%
Milk $2.71$2.3615.0%
Potatoes $3.39$3.0610.7%
Pizza $8.99$9.242.7%
Beer $8.43$8.632.3%

Health Care

ItemPalm Springs NorthNational avg.Difference
Optometrist $80.50$99.7819.3%
Doctor $97.86$105.036.8%
Dentist $97.00$88.709.4%
Ibuprofen $10.49$9.4111.5%
Lipitor $332.58$298.5011.4%

Housing

ItemPalm Springs NorthNational avg.Difference
Home Price $232,800.00$175,700.0032.5%
Avg. Mortgage Payment $1,310.50$1,081.0321.2%
Apartment Rent $1,891.00$920.00105.5%

Transportation

ItemPalm Springs NorthNational avg.Difference
Gasoline $2.32$2.0911.1%
Tire Balancing $59.59$45.2931.6%

Utilities

ItemPalm Springs NorthNational avg.Difference
All Electricity$166.37$170.802.6%
Phone $27.52$28.262.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Fisher Island, FL2401066%
Medley, FL94090-10%
Pembroke Park, FL6,22089-11%
Franklin Park, FL1,00090-10%
Brownsville, FL14,83593-7%
Palm Springs North, FL5,65712121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West Side Highway, WA5,6591099%
Coraopolis, PA5,65588-12%
Ettrick, VA5,66095-5%
Carrizo Springs, TX5,66278-22%
Cape May Court House, NJ5,66412121%
Palm Springs North, FL5,65712121%
Source: The Palm Springs North, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.