Can you afford to live here? Can you afford to live in Palm Springs, California? Stay tuned. Let's find out. Hi. Neal here, realtor in the Palm Springs area. I help people buy and sell homes, and I absolutely love it. If you're thinking of moving to Palm Springs and you're coming from one of the cities we're going to be talking about, this will tell you what the average cost of living differences really are. Moving from San Francisco to Palm Springs, the cost of living in Palm Springs is 51.2% less. Washington D.C. to Palm Springs, Palm Springs is 13.7% less. Miami, Florida versus Palm Springs, Palm Springs is 6.7% more expensive. And Chicago to Palm Springs, Palm Springs is also a little more expensive. Boston, Massachusetts is 23.7% more expensive than Palm Springs. New York City is 42.6% more expensive than Palm Springs. And San Diego is 21.9% more expensive than Palm Springs. So, I would say, if you're thinking of moving from any of those cities, you'll find in most cases, Palm Springs is definitely more affordabl
Now, let's take a look at expenses in Palm Springs compared to the national averages. Energy is 13.9% higher here in Palm Springs. Food is just 1% higher. While healthcare is 13% lower. And housing is about 79% higher. That's our highest extra cost of living. Palm Springs is relatively 18% cheaper though than the local averages in Los Angeles and San Francisco. Unlike Los Angeles and San Francisco, you will need a car in Palm Springs because Palm Springs is so spread out. However, the cost of living in Palm Springs leaves more money in your pocket with a higher quality of life. So who can say no to that? As mentioned before, housing is the biggest factor in the cost of living here in Palm Springs. The median priced home in Palm Springs is $415,300 compared to the average California median priced home of $552,800. Just for comparison, the median home cost in the United States is $231,200
If you have questions about living in Palm Springs or the Palm Springs area, just call, email, or text me. If you're thinking of moving here to Palm Springs, buying or selling a home here, be sure to get in touch with me. I want to make your experience as smooth as possible. Now, be sure to watch this next video on the pros and cons of living in Palm Springs.
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