Palm Springs, California Cost Of Living

Buy Rent

F

21%

Overall NAT. AVG.

10%

Goods & Services NAT. AVG.

46%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Palm Springs	California	National
Cost of living	121	140	100
Goods & Services	110	109	100
Groceries	112	112	100
Health care	102	109	100
Housing	146	196	100
Transportation	132	132	100
Utilities	89	127	100

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Key findings

The cost of living in Palm Springs is 14% lower than the California average
The cost of living in Palm Springs is 21% higher than the national average
Palm Springs housing is 46% higher than the national average
California general sales tax is 42% higher than the national average
California state income tax is 59% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$59,501	$4,958	$1,388	$1,785
Renters	$30,505	$2,542	$712	$915

A good way to judge both the affordability of the housing and the cost of living in Palm Springs is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Palm Springs has a median income of about $59,501 for people who own homes. Based on that number, a maximum of $1,388 should be spent on expenses related to housing. Renters have a slightly different median income, which is $30,505. Based on this average, renters should spend no more than $712 on all rental costs if they want to maintain a non-impoverished standard of living.

California Sales Tax

State	General Sales Tax	With Max Surtax
California	7.25%	10.5%

California Income Tax

State	Income Tax (Low)	Income Tax (High)
California	1%	13.3%

Goods & Services

Item	Palm Springs	National avg.	Difference
Haircut	$24.92	$20.27	22.9%
Beauty Salon	$59.67	$40.39	47.7%
Toothpaste	$2.16	$2.36	8.3%
Shampoo	$1.33	$1.08	23.3%
Movie	$14.78	$10.99	34.6%
Bowling	$21.11	$15.49	36.3%

Groceries

Item	Palm Springs	National avg.	Difference
Ground Beef	$4.41	$4.30	2.5%
Fried Chicken	$1.79	$1.40	28.2%
Milk	$2.30	$2.20	4.4%
Potatoes	$2.99	$3.22	7.1%
Pizza	$11.99	$10.74	11.6%
Beer	$9.93	$9.60	3.5%

Health Care

Item	Palm Springs	National avg.	Difference
Optometrist	$105.28	$109.73	4.0%
Doctor	$95.00	$118.34	19.7%
Dentist	$114.80	$100.94	13.7%
Ibuprofen	$11.49	$9.93	15.7%
Lipitor	$487.47	$469.53	3.8%

Housing

Item	Palm Springs	National avg.	Difference
Home Price	$303,100.00	$184,700.00	64.1%
Avg. Mortgage Payment	$3,443.41	$1,229.62	180.0%
Apartment Rent	$973.00	$949.00	2.5%

Transportation

Item	Palm Springs	National avg.	Difference
Gasoline	$3.94	$2.71	45.3%
Tire Balancing	$57.17	$51.86	10.2%

Utilities

Item	Palm Springs	National avg.	Difference
All Electricity	$146.77	$170.84	14.1%
Phone	$174.14	$187.18	7.0%

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	Population	Cost of Living Index	National Avg.
Mountain Center, CA	80	110	9.8%
Desert Edge, CA	3,848	90	10.1%
Sky Valley, CA	2,574	94	6.2%
Morongo Valley, CA	3,082	97	3.1%
Garnet, CA	6,297	101	0.7%
Palm Springs, CA	46,714	121	20.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
San Luis Obispo, CA	46,716	155	54.6%
Twin Falls, ID	46,623	88	11.7%
Texas City, TX	46,811	89	10.9%
North Highlands, CA	46,841	105	5.3%
Hattiesburg, MS	46,846	85	15.3%
Palm Springs, CA	46,714	121	20.5%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.