Here's what it costs to live in Palm Springs, Florida, based on the latest US government data. Renters pay a median of $1,597 per month, while the typical home is valued around $234,500. Households earn a median of $59,602 per year, so rent absorbs a relatively high share of local income. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$59,602
Annual · Census ACS
Median Gross Rent
$1,597
Per month · Census ACS
Median Home Value
$234,500
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
None
No state income tax on wages
State Sales Tax
6.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
26,871
Latest estimate
Median Age
37.8 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Palm Springs?
The cost of living index for Palm Springs is not yet available in our database.
What is the median rent in Palm Springs?
The median gross rent in Palm Springs is $1,597 per month according to US Census ACS data.
What is the median household income in Palm Springs?
The median household income in Palm Springs is $59,602 per year.
What is the median home value in Palm Springs?
The median home value in Palm Springs is $234,500 based on the latest Census ACS survey.
How is the air quality in Palm Springs?
Air quality data for Palm Springs is not yet available.
What are the taxes like in Palm Springs?
Florida has no state income tax on wages and a statewide sales tax of 6.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology