Palm Springs, California is a medium-sized city with a population of 46,714 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (82% White). Given that fact, Palm Springs could be considered less diverse than other cities. Additionally, more than a quarter of the population of Palm Springs are of Hispanic or Latino origin, and 20% of the population also speak Spanish. The Palm Springs population appears to be aging at a faster rate than normal. The median age is currently 54, which is on the high side when compared to most other cities. If you are looking for a family friendly city, Palm Springs might be a good fit as 74% of the population over 15 years old are married, and 79% have kids who are 18 years old or younger.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a good experience if you are willing to get to know the town before actually living in Palm Springs, California. With useful information like amenities, crime, weather and other key data points, finding the best places to live in Palm Springs and in the areas around Palm Springs is a much easier task.
Palm Springs has a livability score of 62/100 and is ranked #896 in California and #21,771 in the USA. If we dig down a little deeper into each category within the livability score, we see that Palm Springs has higher than average rankings for the following: amenities (A+) and weather (A-). On a less positive note, Palm Springs does not have favorable ranks for the following: crime (F), cost of living (F), education (F) and housing (D-). If we take a look at the data, we can find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Palm Springs has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Some of the notable things to do include: Palm Springs Aerial Tramway, The Fabulous Palm Spring Follies, and Elite Land Tours.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Palm Springs is real estate affordability. The median home price for Palm Springs homes is $303,100, which is 25.9% lower than the California average. If we take a closer look at the affordability of homes in Palm Springs, we’ll see that the home price to income ratio is 6.6, which is 3.1% higher than the California average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Palm Springs area were 1.4% and 5 year appreciation rates were 9%.