Cost of Living in Palm Springs, FL
Population 27,356 · Census ACS 2020–2024 5-year estimates
The median rent in Palm Springs, FL is $1,669/month, about the same as the Florida median and 18% higher than the U.S. median. The median home value is $269,800, 19% lower than the national median. Households earn a median of $61,739 a year, 17% lower than the state median.
Affordability
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Palm Springs vs. Florida vs. U.S.
| Palm Springs | Florida | U.S. | |
|---|---|---|---|
| Median rent | $1,669 | $1,669 | $1,413 |
| Median home value | $269,800 | $359,000 | $332,700 |
| Median household income | $61,739 | $74,568 | $80,734 |
| Homeownership rate | 48.3% | 67.6% | 65.2% |
| Bachelor's degree or higher | 17.7% | 34.1% | 35.7% |
| Poverty rate | 15.4% | 12.6% | 12.5% |
| Unemployment rate | 7.0% | 4.8% | 5.2% |
| Work from home | 6.6% | 15.7% | 15.1% |
| Median age | 37.2 | 42.6 | 38.9 |
FAQ
What is the average rent in Palm Springs, FL?
The median gross rent in Palm Springs, FL is $1,669 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Palm Springs, FL?
Using the common 30% rule, renting a median-priced home takes about $66,760 a year in gross income.
Is Palm Springs, FL expensive to live in?
Rent there is 18% higher than the U.S. median, and the median home costs about 4.4 times the median household income.
Other cities in Florida
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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