Palm Springs, Florida Income Statistics
Palm Springs Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Palm Springs Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Palm Springs | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,896 | $74,580 | $80,455 |
| Median Personal Income | $39,467 | $52,322 | $60,758 |
| Average Yearly Income Growth | 8.4% | 5.4% | 4.8% |
| Six-Figure Earners | 5.5% | 11.6% | 13.9% |
| $200k+ Households | 4.7% | 11.0% | 13.2% |
The median household income in Palm Springs is about 8% lower than in Florida. Income has been growing faster in Palm Springs (8.4%/yr) than in Florida (5.4%/yr).
About 6% of adults in Palm Springs earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Palm Springs, Florida grew by 64.8% from 2009 to 2024, reaching $68,896 in 2024. That's an average of about 8.4% per year.
Palm Springs has stayed well below the U.S. median household income in every year from 2009 to 2024 and has never reached it. The gap has narrowed from 18% in 2009 to 14% in 2024, the closest it has been.
Income Distribution in Palm Springs
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 2,917 households (29.3% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 23.3% of households in Palm Springs had an income under $35,000 and 10.9% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Palm Springs has a larger share of households earning $75,000 to $99,999 (16.4% vs 12.6%) and a smaller share earning $200,000 or more (4.7% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 456 | 4.6% | 5.1% |
| $10,000 to $14,999 | 441 | 4.4% | 3.5% |
| $15,000 to $24,999 | 668 | 6.7% | 6.4% |
| $25,000 to $34,999 | 747 | 7.5% | 6.7% |
| $35,000 to $49,999 | 1,264 | 12.7% | 10.1% |
| $50,000 to $74,999 | 1,816 | 18.3% | 15.5% |
| $75,000 to $99,999 | 1,632 | 16.4% | 12.6% |
| $100,000 to $149,999 | 1,830 | 18.4% | 17.4% |
| $150,000 to $199,999 | 624 | 6.3% | 9.5% |
| $200,000 or more | 463 | 4.7% | 13.2% |
Shares are of all 9,941 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 1,373 residents (5.5% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 6.6% of residents who have any income.
In 2024, 15.6% of Palm Springs residents aged 15 and over reported no personal income, 31.9% had some income but less than $25,000, and 9.9% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Palm Springs has a larger share of residents earning $25,000 to $34,999 (15.1% vs 9.5%) and a smaller share earning $100,000 or more (5.5% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 3,873 | 15.6% | 12.8% |
| $1 to $9,999 | 2,494 | 10.0% | 11.2% |
| $10,000 to $14,999 | 1,980 | 8.0% | 7.0% |
| $15,000 to $24,999 | 3,451 | 13.9% | 10.5% |
| $25,000 to $34,999 | 3,751 | 15.1% | 9.5% |
| $35,000 to $49,999 | 4,080 | 16.4% | 12.6% |
| $50,000 to $74,999 | 2,731 | 11.0% | 14.3% |
| $75,000 to $99,999 | 1,089 | 4.4% | 8.2% |
| $100,000 or more | 1,373 | 5.5% | 13.9% |
Shares are of the 24,822 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 15.6% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Palm Springs
| Metric | Palm Springs | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.535 | 0.551 | 0.552 |
| Male Median Income | $42,059 | $60,595 | $69,667 |
| Female Median Income | $38,970 | $50,762 | $56,850 |
| Gender Pay Gap | 7.3% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Palm Springs, it is 0.535, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 8% more than women's income in Palm Springs, Florida. Over a 35-year career, a 8% wage gap accumulates to roughly $108,115 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Palm Springs, Florida has narrowed from about 14% to 7% in 2024. Over that period the gap was widest at 15% in 2015, and was narrowest at 4% in 2020. In dollar terms, the gap has narrowed by $1,766 since 2009.
Employment
| Metric | Palm Springs | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.6% | 4.8% | 5.2% |
| Working from Home | 5.2% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,122 people are unemployed in Palm Springs, Florida.
The average commute time in Palm Springs is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Palm Springs, Florida has fallen from 13.8% to 6.6% in 2024. Over that period the rate peaked at 16.2% in 2013 and fell as low as 5.8% in 2019.
Palm Springs has stayed well above the U.S. unemployment rate in every year from 2011 to 2024 and has never dropped below it. It came closest in 2019, at 0.5 points higher. The gap has narrowed from 5.1 points in 2011 to 1.4 points in 2024.
Conclusion
Considering all these factors, Palm Springs, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Palm Springs, Florida.
How Rich Is Palm Springs, Florida?
Palm Springs has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $68,896, about 8% lower than the Florida average of $74,580.
How has median household income changed in Palm Springs, Florida?
Between 2009 and 2024, the median household income in Palm Springs, Florida rose 65%, from $41,802 to $68,896. Over the same years, income here outpaced Florida as a whole: +65% against +57%.
What was the median household income in Palm Springs in 2023?
In 2023, the median household income in Palm Springs, Florida was $63,502, up 9% from $58,525 in 2022. The Florida median that year was $71,864.
What was the median household income in Palm Springs in 2020?
In 2020, the median household income in Palm Springs, Florida was $50,694. By 2024 it had risen 36% to $68,896.
How strong is the job market in Palm Springs, Florida?
Unemployment in Palm Springs, Florida is 6.6%, well above the Florida rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Palm Springs, Florida?
The Gini coefficient in Palm Springs is 0.535. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Palm Springs, Florida?
Since 2009, the income gap between men and women in Palm Springs, Florida has narrowed from about 14% to 7% in 2024. Over that period the gap was widest at 15% in 2015, and was narrowest at 4% in 2020. In dollar terms, the gap has narrowed by $1,766 since 2009.
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