Cost of Living in Palm Springs, FL
Population 26,871 · Florida · Data vintage 2023
(100 = US avg)
Most of Palm Springs's cost indicators track within a reasonable band of national figures, with median household incomes near $59,602 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail. At 6.3%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 8 miles south of West Palm Beach, Palm Springs falls within that metro's commuting orbit. Median home values run roughly 37% lower than West Palm Beach's $370,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Palm Springs
The median home value in Palm Springs is $234,500 — 23% below the national median of $305,000. Median rent runs $1,597/month, 22% higher than the national median of $1,314/month. The median household income of $59,602/year is 20% lower than the US median of $74,580. The local unemployment rate is 6.3%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Palm Springs has a cost of living index of 95 versus the US average of 100, meaning it is 5% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Palm Springs, FL?
Palm Springs has a cost index of 95 (100 = national average). It is 5% below the national average.
What is average rent in Palm Springs, FL?
The median gross rent in Palm Springs is $1,597 per month based on 2023 Census data.
What is the average home price in Palm Springs?
The median home value in Palm Springs is $234,500 according to Zillow and Census data.
What is the median income in Palm Springs?
The median household income in Palm Springs is $59,602 per year (2023 ACS 5-year estimates).
What is the sales tax in Palm Springs, FL?
The combined state and local sales tax rate in Palm Springs is 7.0%. Florida has no state income tax.
Is Palm Springs, FL affordable?
Palm Springs is near the national average in terms of cost of living, with an index of 95 (100 = US average).
Palm Springs at a Glance
- Population
- 26,871
- Median Income
- $59,602
- Home Value
- $234,500
- Median Rent
- $1,597/mo
- Unemployment
- 6.3%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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