Cost of Living in Palm Springs, Florida
Palm Springs has a population of about 27,356. The median household income is $61,739, median gross rent is $1,669/month, and the median home value is $269,800. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Palm Springs expensive to live in?
Compared with the national median in this dataset, rent in Palm Springs is about the national median and home values are 28% below the national median. Household income here is 26% below the national median. Monthly rent represents roughly 32% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Palm Springs?
The median gross rent in Palm Springs, Florida is $1,669 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Palm Springs?
The median owner-occupied home value in Palm Springs is $269,800 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Palm Springs?
The median household income in Palm Springs is $61,739 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.