Cost of Living in Palm Springs, CA
Population: 44,998 • 2026 Data
$71,979
Median Household Income
-7% vs national
$1,473
Median Monthly Rent
+9% vs national
$567,300
Median Home Value
+67% vs national
8.2%
Unemployment Rate
Housing in Palm Springs
The median home value in Palm Springs, CA is $567,300. Monthly rent for a typical unit averages $1,473, while total monthly housing costs (including utilities and insurance) average $1,517.
Rent-to-income ratio: 24.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Palm Springs, CA is $71,979. The unemployment rate stands at 8.2%, with a labor force of 21,178 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.