Zip 92264 (Palm Springs, CA) Economy


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Palm Springs, California (92264) is an exciting city to live in with its rent for a 2 Bedroom costing $1,910, which is higher than the national average of $1,430. The Grocery Cost Index in Palm Springs is 100 which means it costs the same as the national average. This makes it a great destination to explore and discover many attractions.
The city has a wide range of activities such as lots of golf courses, art galleries, hiking trails, soaking pools and spas. Popular attractions include the Aerial Tramway at Mount San Jacinto State Park and Palm Canyon Drive which is lined with interesting shops. For entertainment there are plenty of movie theaters like Cinemark Century Plaza or Regal UA Theatre located at Town Center in Palm Desert. Local businesses also include top restaurants like Lulu California Bistro for American food, Koffi for coffee lovers and Ristorante Mamma Gina for Italian cuisine.

Palm Springs (zip 92264) has an unemployment rate of 6.5%. The US average is 6.0%.

Palm Springs (zip 92264) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.

Tax Rates for Palm Springs (zip 92264)
- The Sales Tax Rate for Palm Springs (zip 92264) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Palm Springs (zip 92264) is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Palm Springs (zip 92264)
- The average income of a Palm Springs (zip 92264) resident is $38,726 a year. The US average is $28,555 a year.
- The Median household income of a Palm Springs (zip 92264) resident is $63,518 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPalm Springs, CaliforniaUnited States
  6.56
  -5.8%-6.2%
  38.3%33.5%
  9.3%6.2%
  8.0%4.6%
  $59,781$37,638
  $63,518$69,021
  $91,949$85,028
  Population by Occupation
  1.3%1.2%
  0.0%0.5%
  4.0%6.8%
  3.8%10.0%
  2.5%2.5%
  10.6%11.0%
  4.2%4.8%
  0.4%0.8%
  3.6%1.9%
  3.3%4.7%
  5.0%1.9%
  10.9%7.6%
  0.1%0.1%
  5.3%4.2%
  6.8%9.3%
  14.2%14.0%
  4.3%2.1%
  10.5%7.0%
  6.4%4.8%
  2.6%4.7%
Health