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Palm Springs, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
27,356
Population
$61,739
Median Income
$269,800
Home Value
37.2
Median Age

Demographics

Palm Springs has a population of 27,356 with a median age of 37.2. Here is the racial and ethnic breakdown of the population:

Hispanic
62.1%
White
23.8%
Black
15.1%
Asian
3.5%
Demographic Value
Total Population27,356
Median Age37.2
White23.8%
Black or African American15.1%
Asian3.5%
Hispanic or Latino62.1%
Palm Springs, Florida — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 104.Hispanic/Latino: 59.4%White: 22.8%Black: 14.4%Asian: 3.3%27,356PopulationHispanic/LatinoHispanic/Latino59.4%WhiteWhite22.8%BlackBlack14.4%AsianAsian3.3%

Income & Economy

The median household income in Palm Springs is $61,739, which is 23.4% below the national median of $80,610. The per capita income is $28,422. The poverty rate is 15.4%.

$61,739
Median Household Income
$28,422
Per Capita Income
15.4%
Poverty Rate

Employment

The unemployment rate in Palm Springs is 2.9%, compared to the national rate of 4.1%.

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Education

In Palm Springs, 74.3% of residents age 25+ have a high school diploma or higher, and 17.7% hold a bachelor's degree or higher (5.1% with a graduate or professional degree).

HS Diploma+
74.3%
Bachelor's+
17.7%
Graduate+
5.1%
Education Level % of Adults (25+)
High School Diploma or Higher74.3%
Bachelor's Degree or Higher17.7%
Graduate or Professional Degree5.1%

Housing

The median home value in Palm Springs is $269,800, below the national median of $303,400. The median monthly rent is $1,669. The homeownership rate is 48.3%.

$269,800
Median Home Value
$1,669/mo
Median Rent
48.3%
Homeownership Rate
Housing Metric Value
Median Home Value$269,800
Median Monthly Rent$1,669
Homeownership Rate48.3%
Vacancy Rate10.3%

Salaries in Florida

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Frequently Asked Questions

What is the population of Palm Springs, Florida?
The population of Palm Springs, Florida is 27,356 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Palm Springs, Florida?
The median household income in Palm Springs, Florida is $61,739. This is 23.4% below the national median of $80,610.
What is the median home value in Palm Springs, Florida?
The median home value in Palm Springs, Florida is $269,800. The median monthly rent is $1,669.
What percentage of people in Palm Springs have a college degree?
In Palm Springs, Florida, 17.7% of adults age 25 and older hold a bachelor's degree or higher, and 74.3% have a high school diploma or higher.
Is Palm Springs, Florida an affordable place to live?
The home price-to-income ratio in Palm Springs, Florida is 4.4x (median home value $269,800 vs. median income $61,739), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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