Riverside County · California · West · 45k residents
Palm Springs, CA: economy, jobs & business costs
The site-selection read on Palm Springs: labor costs, talent, corporate tax, energy, and business activity, with the California median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,175/wk. California's corporate income tax rate is 8.84%. Commercial electricity averages 25.5¢/kWh.
Compare Palm Springs side by side
Avg. weekly wage
$1,175/wk
Corporate income tax
8.84%
Bachelor's degree or higher
44.5%
Commercial electricity
25.5¢/kWh
Economic momentum
How fast Palm Springs's economy is moving, ranked against the US cities we track.
55/100
Steady
Ranks Palm Springs's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $604,000 |
| Price per sq. ft. | $470 |
| Property tax rate | 0.75% |
| 1-bedroom rent | $1,344/mo |
| 2-bedroom rent | $1,734/mo |
| State & local income tax | 2.09% |
| Sales tax | 8.8% |
| Corporate income tax | 8.84% |
| Avg. weekly wage | $1,175/wk |
| Bachelor's degree or higher | 44.5% |
| Commercial electricity | 25.5¢/kWh |
| Businesses per 1k residents | 36.9/1k |
| Wage: Software developer | $133,270 |
| Wage: Registered nurse | $133,940 |
| Wage: General manager | $102,260 |
| Wage: Customer service | $47,150 |
| Wage: Warehouse worker | $43,200 |
| Wage: Heavy truck driver | $60,580 |
| Wage: Electrician | $72,790 |
| Wage: Retail salesperson | $36,720 |
| Cost of living index | 126 |
| Groceries index | 112 |
| Utilities | $245/mo |
| Transit pass | $90/mo |
| Gas price | $4.80/gal |
| Healthcare index | 108 |
| Childcare (per child) | $1,450/mo |
| Median household income | $73,119 |
| Unemployment rate | 5.2% |
| Population | 45k |
| Crime index | 52/100 |
| School rating | 5.5/10 |
| Walkability | 30/100 |
| Disaster risk | 100/100 |
| Avg. commute | 29 min |
| Sunny days / year | 260 days |
| July high | 108°F |
| January low | 47°F |
| Annual snowfall | 0 in |
| Home price YoY | -2.0% |
| Home price MoM | -0.2% |
| Rent YoY | +2.6% |
| Rent MoM | +0.3% |
| Employment (jobs) YoY | +0.7% |
| Building permits YoY | -7.9% |
| Ocean coast | 66 mi |
| Big lake | 133 mi |
| Mountains | 9 mi |
| Major airport | < 3 mi |
| Ski resort | 34 mi |
Popular comparisons
Nearby
- Cathedral City, CA · 52k
- Palm Desert, CA · 52k
- Indio, CA · 92k
- San Jacinto, CA · 55k
- Beaumont, CA · 56k
Similar size
- La Mirada, CA · 47k
- Brea, CA · 47k
- Los Banos, CA · 48k
- Cerritos, CA · 48k
- North Highlands, CA · 48k
Real listings in Palm Springs
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Palm Springs a good place to run a business?
- California's corporate income tax rate is 8.84%; average weekly wages in the surrounding labor market run $1,175/wk; commercial electricity averages 25.5¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Palm Springs, CA?
- Palm Springs indexes at 126 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,734/mo and a acs median home value of $604,000.
- How much does a house cost in Palm Springs?
- The acs median home value in Palm Springs is $604,000 (Census ACS estimate; individual listings vary).
- How much is rent in Palm Springs?
- A two-bedroom in Palm Springs rents for about $1,734/mo.