Palm Springs North, FL Cost Of Living
Cost Of Living In Palm Springs North, FL Summary
Cost of living in Palm Springs North research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Palm Springs North is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Palm Springs North is 124, with 100 being the average.
The cost of living index in Palm Springs North is 1.2x higher than the national average.
Palm Springs North ranks as the #421 cheapest in Florida out of 459.
Palm Springs North ranks as the #4,999 cheapest out of 6,412 in the US.
The median home value in Palm Springs North is $422,300.
The median income in Palm Springs North is $95,382.
Table Of Contents
Palm Springs North's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Palm Springs North, FL?
According to the most recent data on the cost of living, Palm Springs North has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Florida, Palm Springs North has a cost of living index that's 1.2x higher than Florida's index of 101.
The standard of living in Palm Springs North ranks as #421 most affordable out of the 459 places we measured in Florida. By definition, that implies Palm Springs North ranks as the #38 most expensive place in the Sunshine State.
For more reading on life in Palm Springs North, check out:
- Living In Palm Springs North
- Search Homes For Sale In Palm Springs North, FL
In Florida
In America
Palm Springs North Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Palm Springs North. Here is how it fairs on each of the criteria:
The Services index in Palm Springs North is 101.
The Groceries index in Palm Springs North is 119.
The Health index in Palm Springs North is 105.
The Housing index in Palm Springs North is 163.
The Transportation index in Palm Springs North is 109.
The Utilities index in Palm Springs North is 99.
| Living Expense | Palm Springs North | Florida | National Average | |
|---|---|---|---|---|
| Overall | 124 | 101 | 100 | |
| Services | 101 | 98 | 100 | |
| Groceries | 119 | 101 | 100 | |
| Health | 105 | 96 | 100 | |
| Housing | 163 | 108 | 100 | |
| Transportation | 109 | 98 | 100 | |
| Utilities | 99 | 100 | 100 | |
Palm Springs North, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Palm Springs North is $422,300.
The Median Rent in Palm Springs North is $2,681.
The Median Income in Palm Springs North is $95,382.
The Home Value To Income in Palm Springs North is 4.4x.
The Rent To Monthly Income in Palm Springs North is 0.34x.
| Statistic | Palm Springs North | Florida | United States |
|---|---|---|---|
| Median Home Value | $422,300 | $248,700 | $244,900 |
| Median Rent | $2,681 | $1,301 | $1,163 |
| Median Income | $95,382 | $61,777 | $69,021 |
| Home Value To Income | 4.4x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.34x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Palm Springs North, FL Costs By Category
Detailed Palm Springs North Services Costs Vs. Florida
| Item | Palm Springs North | Florida |
|---|---|---|
| Shampoo | $1.11 | $1.06 |
| Movie | $13.23 | $10.68 |
| Bowling | $22.13 | $14.67 |
| Haircut | $14.37 | $18.62 |
| Beauty Salon | $70.0 | $39.05 |
Detailed Palm Springs North Groceries Costs Vs. Florida
| Item | Palm Springs North | Florida |
|---|---|---|
| Ground Beef | $4.27 | $4.22 |
| Fried Chicken | $1.73 | $1.39 |
| Milk | $3.16 | $2.05 |
| Potatoes | $3.86 | $3.29 |
| Pizza | $9.1 | $10.62 |
| Beer | $10.98 | $9.38 |
| Toothpaste | $1.87 | $2.34 |
Detailed Palm Springs North Health Costs Vs. Florida
| Item | Palm Springs North | Florida |
|---|---|---|
| Optometrist | $105.63 | $108.57 |
| Doctor | $111.06 | $116.17 |
| Dentist | $107.78 | $99.13 |
Detailed Palm Springs North Transportation Costs Vs. Florida
| Item | Palm Springs North | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $60.69 | $50.07 |
Detailed Palm Springs North Utilities Costs Vs. Florida
| Item | Palm Springs North | Florida |
|---|---|---|
| All Electricity | $162.18 | $167.67 |
| Phone | $188.17 | $175.64 |
Palm Springs North SnackAbility
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Cost Of Living In Cities Around Palm Springs North
The cost of living varies in the cities and towns around Palm Springs North. Here's a quick look at the cost of living in the most populous nearby places:
Hialeah, FL has a cost of living index of 102, 0.8x Palm Springs North.
Pembroke Pines, FL has a cost of living index of 113, 0.9x Palm Springs North.
Miramar, FL has a cost of living index of 114, 0.9x Palm Springs North.
| City | Population | Cost Of Living | Vs. Palm Springs North |
|---|---|---|---|
| Hialeah, FL | 224,362 | 102 | 0.8x |
| Pembroke Pines, FL | 170,346 | 113 | 0.9x |
| Miramar, FL | 134,306 | 114 | 0.9x |
| Miami Gardens, FL | 111,706 | 102 | 0.8x |
| Weston, FL | 68,148 | 137 | 1.1x |
| Tamiami, FL | 54,525 | 116 | 0.9x |
| Kendale Lakes, FL | 53,392 | 108 | 0.9x |
| Country Club, FL | 51,105 | 105 | 0.8x |
| Coral Gables, FL | 49,269 | 164 | 1.3x |
| Miami Lakes, FL | 30,582 | 125 | 1.0x |
