Palm Springs, FL Economy


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Palm Springs, FL is a vibrant and exciting place to live. Located in the heart of sunny Florida, Palm Springs offers an array of local companies, attractions and a reasonable cost of living. Residents enjoy the convenience of groceries at a 104 index rate, which is slightly higher than the US average but still very affordable. The average rent for a two-bedroom apartment is $1,710 per month versus $1,430 nationally. Locals can enjoy visiting popular attractions such as the ArtFish Gallery and the Trilogy Spa at La Quinta Resort & Club. With so much to do and see in Palm Springs, it's no wonder why many choose to call this place home.

Palm Springs has an unemployment rate of 4.9%. The US average is 6.0%.

Palm Springs has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.

Tax Rates for Palm Springs
- The Sales Tax Rate for Palm Springs is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Springs is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Palm Springs
- The average income of a Palm Springs resident is $16,385 a year. The US average is $28,555 a year.
- The Median household income of a Palm Springs resident is $51,358 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPalm Springs, FloridaUnited States
  4.96
  -6.6%-6.2%
  39.6%33.5%
  7.0%6.2%
  0.0%4.6%
  $24,890$37,638
  $51,358$69,021
  $55,201$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  14.1%6.8%
  4.7%10.0%
  1.8%2.5%
  9.9%11.0%
  9.0%4.8%
  0.5%0.8%
  1.7%1.9%
  1.8%4.7%
  2.9%1.9%
  4.4%7.6%
  0.1%0.1%
  12.1%4.2%
  4.9%9.3%
  12.1%14.0%
  2.0%2.1%
  7.0%7.0%
  8.7%4.8%
  1.6%4.7%
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I am a long-time staff member of G-Star School of the Arts. My children attend the school. I’ll answer critics with facts: G-Star is an “A” rated school; Graduation  More

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