Salary & Cost of Living in Palm Springs, FL
Palm Springs, FL: $45,180 median salary, cost of living index 92.3, $13.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$45,180
$22/hr
Cost of Living
92.3
US avg = 100
Minimum Wage
$13.00
per hour
Unemployment
2.3%
rate
Palm Springs, FL Overview
Population
28,220
Median Salary
$45,180
Average Salary
$50,602
Avg Commute
18 min
Median Home Price
$366,000
Median Rent
$1,478/mo
Job Growth
+1.9%
Sales Tax
6%
Palm Springs is located in Florida with a population of 28,220. The median household salary is $45,180 per year ($22/hour), which is $14,204 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1.9%.
Palm Springs Salary by Experience Level (2026)
Wage distribution in Palm Springs, FL based on BLS percentile breakdown of the $45,180 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $28,012 | $13.47/hr | 0–2 years |
| Mid-Level (Median) | $45,180 | $21.72/hr | 3–7 years |
| Senior-Level | $64,156 | $30.84/hr | 8–15 years |
| Top 10% (90th Percentile) | $80,420 | $38.66/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Palm Springs Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Palm Springs, FL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$38,341
$3,195.05/month · $1,474.64/biweekly · Effective Rate: 15.1%
Gross Pay
$45,180
Federal Tax
-$3,383
State Tax
$0
Local Tax
$0
FICA
-$3,456
Net Pay
$38,341
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,765.00 | $45,180.00 |
| Federal Income Tax | -$281.93 | -$3,383.10 |
| Florida State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$233.43 | -$2,801.16 |
| Medicare (1.45%) | -$54.59 | -$655.11 |
| Net Take-Home Pay | $3,195.05 | $38,340.63 |
Salary Comparison: Palm Springs vs Other Cities
See how Palm Springs's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Palm Springs, FL | $45,180 | 92.3 | $48,949 |
| National Average | $59,384 | 100 | $59,384 |
| Sheboygan, WI | $45,215 | 87 | $51,971 |
| Lakewood, OH | $45,131 | 82.1 | $54,971 |
| Hobart, IN | $45,265 | 85.4 | $53,004 |
| Oakland Park, FL | $45,290 | 99.2 | $45,655 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Palm Springs
Palm Springs's cost of living index is 92.3 (national average = 100). Living in Palm Springs is 7.700000000000003% less expensive than the national average.
Median Home Price
$366,000
Median Monthly Rent
$1,478
Annual Rent Cost
$17,736
Your Salary's Purchasing Power
Your $38,341 annual take-home pay in Palm Springs has the purchasing power of approximately $41,539 in an average-cost US area. Your $45,180 salary stretches further here than in most US cities.
Top Industries in Palm Springs
Palm Springs's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $45,180.
Salary Tips for Palm Springs Workers
- No state income tax advantage. Florida has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Palm Springs's top industries include Tourism, Agriculture, Aerospace. Targeting roles in these sectors can help you earn above the $45,180 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Palm Springs, FL?
The median salary in Palm Springs, FL is $45,180 per year, or $22 per hour. The average salary is $50,602. This is $14,204 below the national median of $59,384.
What is the cost of living in Palm Springs, FL?
Palm Springs's cost of living index is 92.3 (national average = 100), meaning it is 7.700000000000003% less expensive compared to the national average. The median home price is $366,000 and the median monthly rent is $1,478.
What are the best industries in Palm Springs?
The top industries in Palm Springs, FL include Tourism, Agriculture, Aerospace. The city has a job growth rate of 1.9% and an unemployment rate of 2.3%. Workers in these industries often earn above the city's median salary of $45,180.
How does Palm Springs's salary compare to other cities?
Palm Springs's median salary of $45,180 is 23.9% below the national median of $59,384. However, when adjusted for cost of living (index: 92.3), the real purchasing power is approximately $48,949.
What is the minimum wage in Palm Springs, FL?
The minimum wage in Palm Springs, FL is $13.00 per hour. This equals approximately $27,040 per year for a full-time worker (40 hours/week). This is $5.75 above the federal minimum wage of $7.25/hour.