Cost of Living in Palm Springs, FL
Population: 26,871 • 2026 Data
$59,602
Median Household Income
-23% vs national
$1,597
Median Monthly Rent
+18% vs national
$234,500
Median Home Value
-31% vs national
6.3%
Unemployment Rate
Housing in Palm Springs
The median home value in Palm Springs, FL is $234,500. Monthly rent for a typical unit averages $1,597, while total monthly housing costs (including utilities and insurance) average $1,502.
Rent-to-income ratio: 32.2%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Palm Springs, FL is $59,602. The unemployment rate stands at 6.3%, with a labor force of 15,212 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.