Median rent is 4% lower in Palm Springs ($1,597/mo vs $1,655/mo). Buying is cheaper in Palm Springs, where the median home runs $234,500 versus $512,700. Households earn more in Austin ($91,461 vs $59,602 a year).
City A
Austin, TX
City B
Palm Springs, FL
How much would you need to earn in Palm Springs, FL to maintain your standard of living from Austin, TX?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Austin
Texas
Palm Springs
Florida
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rents are similar in both cities: $1,655/mo in Austin and $1,597/mo in Palm Springs. Home buyers face a steeper market in Austin: the median home is $512,700 versus $234,500 in Palm Springs — 54% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Both Texas and Florida have no state income tax — a notable advantage for workers in both cities. Sales tax is 6.25% in Texas and 6.00% in Florida; Palm Springs has the lower rate (local add-ons may apply in both).
Austin
Income tax: None
Sales tax: 6.25%
Palm Springs
Income tax: None
Sales tax: 6.00%
Air quality data is available for Austin (avg AQI 47.0) but not yet for Palm Springs.
Pick Austin if you prioritize higher median household income ($91,461/yr).
Is Austin cheaper than Palm Springs?
Cost of living index data is not yet available for one or both cities.
How much is rent in Austin vs Palm Springs?
Median rent is $1,655/mo in Austin, TX and $1,597/mo in Palm Springs, FL. Palm Springs, FL has the lower rent by about 4%.
Which has higher salaries — Austin or Palm Springs?
Median household income is $91,461 in Austin, TX and $59,602 in Palm Springs, FL. Austin, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Austin or Palm Springs?
Both Texas and Florida have no state income tax.
What salary do I need in Palm Springs to match my Austin income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology