salaryRent is lower than in 56% of U.S. cities. A typical house costs about 7.0 years of household income, so buying is hard for most locals. Most homes (82%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $61,360 a year. That is $30 an hour at a full-time job.
Is rent cheaper than other California cities?
Yes. Rent here is cheaper than in most of California. It is number 96 of 653 cities from cheapest to most expensive.
How much do households earn in Rancho Mirage?
Share of households by yearly income. 42.7% of households earn $100,000 or more.
Rent by apartment size in Rancho Mirage
| Size | Rancho Mirage | U.S. average |
|---|---|---|
| Studio | $1,584 | $1,338 |
| 1 bedroom | $1,125 | $1,324 |
| 2 bedrooms | $1,590 | $1,509 |
| 3 bedrooms | $1,784 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Rancho Mirage overall?
Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Rancho Mirage, so the California figure is shown.
Taxes and bills in Rancho Mirage
Life in Rancho Mirage
Is it cheaper to rent or buy in Rancho Mirage?
Renting is cheaper right now: about $4,067 a month less.
Owning assumes a typical $807,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $80,720 for the down payment.
Frequently asked questions
What is the average rent in Rancho Mirage, CA?
Renting in Rancho Mirage costs a median of about $1,534 a month in 2026, including utilities. The California median is $2,357.
How much do I need to make to live in Rancho Mirage?
To keep rent under 30% of income, you need about $61,360 a year, or $30 an hour at a full-time job.
Is Rancho Mirage cheap or expensive?
Rancho Mirage is rated Cheap: rent takes 15.9% of the typical household income of $115,792. It ranks 96th cheapest of 653 California cities we track.
How much are property taxes in Rancho Mirage?
The median homeowner in Rancho Mirage pays $7,326 a year in property taxes, about 0.91% of the median home value.
Is Rancho Mirage more expensive than the national average?
Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Rancho Mirage?
The median home value in Rancho Mirage is $807,200, about 7.0 times the typical yearly household income.
17,563 people live in Rancho Mirage. Numbers are typical (middle) values.