salaryRent is higher than in 71% of U.S. cities. Incomes are on the low side for rents this high, so budgets feel tight. A typical house costs about 4.1 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $82,040 a year. That is $39 an hour at a full-time job.
Is rent cheaper than other Florida cities?
No. Rent here is more expensive than in most of Florida. It is number 278 of 479 cities from cheapest to most expensive.
How much do households earn in Palm Springs?
Share of households by yearly income. 14.9% of households earn $100,000 or more.
Rent by apartment size in Palm Springs
| Size | Palm Springs | U.S. average |
|---|---|---|
| 1 bedroom | $1,371 | $1,324 |
| 2 bedrooms | $1,795 | $1,509 |
| 3 bedrooms | $2,353 | $1,698 |
| 4 bedrooms | $2,104 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Palm Springs overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Palm Springs, so the Florida figure is shown.
Taxes and bills in Palm Springs
Life in Palm Springs
Is it cheaper to rent or buy in Palm Springs?
Buying is cheaper month to month: about $179 a month less than renting.
Owning assumes a typical $269,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $26,980 for the down payment.
Frequently asked questions
What is the average rent in Palm Springs, FL?
Renting in Palm Springs costs a median of about $2,051 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Palm Springs?
To keep rent under 30% of income, you need about $82,040 a year, or $39 an hour at a full-time job.
Is Palm Springs cheap or expensive?
Palm Springs is rated Expensive: rent takes 37.0% of the typical household income of $66,586. It ranks 278th cheapest of 479 Florida cities we track.
How much are property taxes in Palm Springs?
The median homeowner in Palm Springs pays $2,094 a year in property taxes, about 0.78% of the median home value.
Is Palm Springs more expensive than the national average?
Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Palm Springs?
The median home value in Palm Springs is $269,800, about 4.1 times the typical yearly household income.
27,356 people live in Palm Springs. Numbers are typical (middle) values.