Palm Springs 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 SpringsCaliforniaNational
Cost of living index118135100
IndexPalm SpringsCaliforniaNational
Goods & Services index104107100
Groceries index109117100
Health care index104109100
Housing index137189100
Transportation index127125100
Utilities index113116100
A general overview of the cost of living index for Palm Springs, CA is displayed above. In Palm Springs, CA, the overall cost of living index is 118, which is 13% lower than the California average and 18% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Palm Springs, CA, the city's goods and services are 3% lower than the California average and 4% higher than the U.S. average.

Did you know?

  • The cost of living in Palm Springs is 13% lower than the California average.
  • The cost of living in Palm Springs is 18% higher than the national average.
  • The cost of housing in Palm Springs is 37% higher than the national average.
  • California general sales tax is 47% higher than the national average.
  • California state income tax is 55% lower than the national average.

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Compare Palm Springs, CA Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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Use the salary calculator to compare your current income in Palm Springs, CA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Palm Springs, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Palm Springs, CA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$58,548$4,879$1,366$1,757
Renters$30,191$2,516$704$906
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Palm Springs, CA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Palm Springs, CA has a median income of about $58,548 for people who own homes. Based on that number, a person should spend a maximum of $1,366 on expenses related to housing. Renters have a slightly different median income, which is $30,191. Based on this average, renters should spend no more than $704 on all of their rental costs if they want to maintain a non-impoverished standard of living.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
The California sales tax and California income tax rates should definitely be considered when determining the overall cost of living in Palm Springs, CA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The California sales tax is 7.5% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The California income tax rates range from 1% to 12.3%.

Goods & Services

ItemPalm SpringsNational avg.Difference
Haircut $18.89$14.5929.4%
Beauty Salon $60.96$34.6875.8%
Toothpaste $2.59$2.474.7%
Shampoo $1.09$1.026.7%
Movie $12.50$9.8726.7%
Bowling $5.79$4.3931.8%

Groceries

ItemPalm SpringsNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.74$1.4618.8%
Milk $2.69$2.3614.1%
Potatoes $3.32$3.068.4%
Pizza $9.00$9.242.6%
Beer $9.35$8.638.3%

Health Care

ItemPalm SpringsNational avg.Difference
Optometrist $104.42$99.784.7%
Doctor $95.57$105.039.0%
Dentist $102.40$88.7015.4%
Ibuprofen $11.60$9.4123.2%
Lipitor $281.41$298.505.7%

Housing

ItemPalm SpringsNational avg.Difference
Home Price $265,400.00$175,700.0051.1%
Avg. Mortgage Payment $2,759.31$1,081.03155.2%
Apartment Rent $963.00$920.004.7%

Transportation

ItemPalm SpringsNational avg.Difference
Gasoline $2.61$2.0924.8%
Tire Balancing $60.00$45.2932.5%

Utilities

ItemPalm SpringsNational avg.Difference
All Electricity$186.13$170.809.0%
Phone $33.30$28.2617.8%
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.
Mountain Center, CA751099%
Desert Edge, CA4,24484-16%
Sky Valley, CA2,49394-6%
Cabazon, CA3,26696-4%
Morongo Valley, CA3,60598-2%
Palm Springs, CA45,82711818%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Coeur d'Alene, ID45,84893-7%
Texas City, TX45,80286-14%
Jeffersonville, IN45,86991-9%
San Luis Obispo, CA45,91114949%
Beavercreek, OH45,7381033%
Palm Springs, CA45,82711818%
Source: The Palm Springs, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.