Housing costs in Palm Desert?
A typical home costs
$567,400, which is 67.8% more expensive than the national average of
$338,100 and 22.6% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Palm Desert costs
$1,920 per month, which is 10.7% cheaper than the national average of
$2,150 and 8.9% more than the state average of
$1,750.
Can I afford Palm Desert?
To live comfortably in Palm Desert (zip 92260), California, a minimum annual income of
$108,720 for a family, and
$61,600 for a single person is recommended.
What does A.I. say about Palm Desert?
The cost of living in 92260 Palm Desert, CA is generally higher than the national average. The median home price in 2019 was $385,000, significantly higher than the national median of $228,700. Additionally, rental costs in 92260 are also typically higher than the state and national averages. In 2018, the median rent for a one-bedroom apartment was $1,119 per month compared to California’s median of $1,095 and the United States’ median of $949. Despite this higher cost of living, many people choose to live in Palm Desert due to its attractive weather and nearby recreational opportunities.