Cost of Living and Housing in Palm Springs, Florida

Palm Springs has about 27,356 residents. Median gross rent is $1,669 per month and median household income is $61,739.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $1,669/mo Close to the dataset median

Median Home Value $269,800 28% below the dataset median

Median Household Income $61,739 26% below the dataset median

Owner-Occupied Homes 48% Share of occupied housing units

Rent-to-Income Baseline 32% Annual median rent ÷ household income

Home Value-to-Income 4.4x Median value ÷ household income

How Palm Springs compares

Rent is close to the dataset median, while household income is 26% below the dataset median. Within Florida, Palm Springs ranks #83 from lowest to highest rent and #166 from highest to lowest household income among 207 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in Florida

Frequently asked questions

What is the median rent in Palm Springs?

Median gross rent is $1,669 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Palm Springs?

The median value of owner-occupied homes is $269,800 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Palm Springs is $61,739 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.