Cost of Living in Palm Springs, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.5
100 = national avg
+14.5 vs national average
Living Wage (1 Adult)
$50,360
per year
Living Wage (Family of 4)
$119,032
per year
Cost Index by Category
Housing149.8
Food95.6
Transportation91.1
Healthcare96.4
Utilities107.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,901
per month
2 Bedroom
$2,254
per month
The overall cost of living index in Palm Springs is 114.5, which is 14.5% above the national average. Housing costs are above the national average at an index of 149.8. A single adult needs to earn approximately $50,360 per year to cover basic expenses.