Palm Springs, FL, presents a cost of living index that exceeds the nationwide average by 17%. This increase is largely driven by the housing sector, which stands at 117 compared to the average of 100. Though other areas like groceries and utilities are close to the national average, the elevated housing costs significantly influence the overall cost of living.
The cost of living index for Palm Springs, FL, reveals a 5% rise in healthcare expenses and a modest 2% increase in miscellaneous costs. Despite these areas showing only slight increases, the housing sector's 17% rise sets Palm Springs apart from the average. These differences matter for job seekers considering their relocation choices.
Palm Springs, FL, showcases a cost of living index that generally reflects the national average, with some notable variations in specific areas. Housing in Palm Springs is 17% higher than the nationwide average, indicating that rent or home prices might be more costly for residents. This increase can impact the overall living expenses, potentially influencing the budget of those who decide to move to or live in Palm Springs.
Other essential areas also exhibit differences. Groceries are priced at 8% below the national average, offering a slight relief for those who spend a significant portion of their budget on food. Utilities and transportation each show slight decreases, with utilities at 5% below the average and transportation costs 10% lower. Healthcare expenses are also relatively close to the national average, with a modest increase of 5%. Miscellaneous costs, including entertainment and personal care, are slightly above average at 2%. This data provides a detailed look at how living in Palm Springs compares to the rest of the country.
