Cost of Living in Palm Springs North, FL

Population 5,291 · Florida · Data vintage 2023

191
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Palm Springs North sits on the smaller end of the Florida city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Rental affordability is stretched — $3,205/month works out to about 40% of median household income, above the 30% "cost-burdened" line.

Geographically, Palm Springs North is part of the immediate Miramar metro area. Median home values run roughly 13% higher than Miramar's $420,000.

Cost Overview

Housing 156
Rent 244

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Palm Springs North

The median home value in Palm Springs North is $476,500 — 56% above the national median of $305,000. Median rent runs $3,205/month, 144% higher than the national median of $1,314/month. The median household income of $97,083/year is 30% higher than the US median of $74,580. The local unemployment rate is 2.8%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 84.6°F and lows of 69.2°F. Overall, Palm Springs North has a cost of living index of 191 versus the US average of 100, meaning it is 91% more expensive.

🏠 Housing

Median Home Value
$476,500
56% above avg
Median Rent
$3,205/mo
144% above avg
Price-to-Rent Ratio
12.4x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 90.6%
Renter-occupied 9.4%

💰 Estimated Monthly Budget

Rent median rent
$3,205
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,819/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
34.5 min
28% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.6%

Commute Mode

Drove alone
73.2%
Carpooled
15.4%
Public transit
0.7%
Walked
0.1%
Work from home
10.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$97,083
30% above avg
Per Capita Income
$33,933
Unemployment Rate
2.8%
41% below avg
Poverty Rate
11.8%
Labor Force Participation
63.1%

🎓 Education

Bachelor's degree+ 16.5%
Graduate degree 8.8%

👥 Demographics

Median Age 42.4
Male median age 41.9
Female median age 42.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
84.6°F
Avg Low
69.2°F
Annual Precip
62.6"
50° 63° 75° 88° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 777981848790919190868279
Low °F 596164687276767776736762
Precip" 1.812.662.512.946.058.928.138.088.717.782.892.17

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
56.7%
Good air days/yr
170
Max AQI recorded
272
PM2.5 days
76
Ozone days

Frequently Asked Questions

What is the cost of living in Palm Springs North, FL?

Palm Springs North has a cost index of 191 (100 = national average). It is 91% above the national average.

What is average rent in Palm Springs North, FL?

The median gross rent in Palm Springs North is $3,205 per month based on 2023 Census data.

What is the average home price in Palm Springs North?

The median home value in Palm Springs North is $476,500 according to 2023 Census ACS data.

What is the median income in Palm Springs North?

The median household income in Palm Springs North is $97,083 per year (2023 ACS 5-year estimates).

What is the sales tax in Palm Springs North, FL?

The combined state and local sales tax rate in Palm Springs North is 7.0%. Florida has no state income tax.

Is Palm Springs North, FL affordable?

Palm Springs North is above average in cost of living, with an index of 191 — about 91% higher than the national average.

What is the weather like in Palm Springs North?

Palm Springs North has average high temperatures of 84.6°F and average lows of 69.2°F. Annual precipitation is 62.6". Data from NOAA 1991–2020 Climate Normals.

Palm Springs North at a Glance

Population
5,291
Median Income
$97,083
Home Value
$476,500
Median Rent
$3,205/mo
Unemployment
2.8%
Avg High Temp
84.6°F
Sales Tax
7.0%
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Explore county-level cost of living data

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