| Index | Palm Springs | Florida | National |
| Cost of living | 103 | 102 | 100 |
| Groceries | 103 | 102 | 100 |
| Health care | 104 | 104 | 100 |
| Housing | 101 | 97 | 100 |
| Transportation | 103 | 103 | 100 |
| Utilities | 111 | 110 | 100 |
| Lifestyle & Entertainment | 101 | 104 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 109 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Palm Springs? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Palm Springs stands at 103, making it 3% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Palm Springs are priced in a manner consistent with other areas. This means that residents of Palm Springs can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Palm Springs an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Palm Springs, the median home price is 9.8% lower than what most folks pay across the country, and monthly rent prices are 26.5% higher than the usual rates. Income levels in Palm Springs come in at $70,244, which is 13.6% lower than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Palm Springs, healthcare costs are 3.5% higher than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Palm Springs starts at 6% and the income tax rates start at 0%.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
The cost of living data for Palm Springs shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $87,084 | $7,257 | $2,032 | $2,613 |
| Renters | $61,756 | $5,146 | $1,441 | $1,853 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Plantation Mobile Home Park, FL | 1,699 | 87 | 12.6% |
| Mangonia Park, FL | 2,301 | 98 | 2.5% |
| Lake Worth, FL | 38,026 | 100 | 0.2% |
| San Castle, FL | 4,211 | 101 | 0.8% |
| Royal Palm Estates, FL | 1,662 | 103 | 2.6% |
| Palm Springs, FL | 25,754 | 103 | 3.4% |
| City | Population | Cost of Living Index | National Avg. |
| Beloeil, QC | 25,755 | n/a | |
| South Salt Lake, UT | 25,758 | 110 | 10.4% |
| Timberwood Park, TX | 25,733 | 126 | 26.3% |
| Clinton, MS | 25,729 | 96 | 4.2% |
| De Pere, WI | 25,789 | 99 | 1.5% |
| Palm Springs, FL | 25,754 | 103 | 3.4% |
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