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What is the Cost of Living in Palm Springs?

When someone says Palm Springs, most people instantly think of the wealthy and how many zeros you need in your bank account to afford living there. So, is that true? In this episode of Time Out I wanted to do a little breakdown of the costs to live in Palm Springs so we can make an accurate assessment. 

 

First things first, Palm Springs is in Southern California, so in general, the prices of everything are higher than normal. The cost of Palm Springs in particular though is 22% higher than the national average. This percentage is based on a number of different factors such as housing, medical costs, grocery costs, and utility costs. These are all things to think about when you are deciding where you want to live and what your budget is. Let’s break each of those down. 

 

Although Palm Springs has the legacy of being one of the most expensive places to live, it is actually less expensive than a lot of its surrounding communities. The average household cost is $440,000 as of December 2019. This ranks them as 46% higher than the national housing average in the United States. The average rent each month is $2,500. Looking at these numbers you can see that housing is quite expensive in Palm Springs, but you get what you pay for. 

 

Now for utilities. The utility prices are 7% higher in Palm Springs and average $200 a month, but in the summer, Palm Springs gets boiling hot, which typically results in using more air conditioning which in turn leads to a higher utility bill. This is comparable to living in a place like Vermont. They have long cold winters which means higher heating bills. 

 

Groceries are 17% higher than the national average here in Palm Springs. Your average gallon of milk is around $2.98 here to give you an idea. This always depends on what grocery store you are shopping at and of course what you are shopping for. 

 

Health care though, is where Palm Springs really shines. They are widely known for their great quality care and relatively cheap health care facilities. With three major hospitals in the area which include a lot of specialty clinics, it is 3% lower than the national average in price. They aren’t lacking in quality either! Their quality rating is always higher than the national average in this health conscious area that boasts life extension practices and celebrity doctors.

 

Lastly, although they have great bus transportation in the area, you are still going to want to have a vehicle. Gas is more expensive in California as a whole due to its gas emissions standards and a regular gallon of gas costs roughly $3.77. Of course when you are talking about living expenses there are a lot of other contributions depending on your lifestyle. Maybe you are a golfer or a foodie who enjoys dining out regularly. All of these things will contribute to the cost of living, but if you are interested in living in Palm Springs, I would love to be the person to help make that possible for you!

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Catch Some Beautiful Views on the Palm Springs Aerial Tramway

Other than our climate that is nothing short of perfection here in Palm Springs, there’s something else that visitors and residents alike love… and that’s the Palm Springs Aerial Tramway—the world’s largest rotating tram car. Want to experience the desert and alpine forest all in the same day? Well, here’s your chance.

 

Ideas for the tram started back in the 1930’s but it was not completed until 1963. The tram travels over two-and-one-half miles showing you the breathtaking views of Chino Canyon and landing the riders at the beautiful wilderness of the Mt. San Jacinto State Park. The entire ride is around ten minutes long and during that time the tram cars rotate slowly, so no matter where you sit during the journey you are guaranteed picturesque views of the valley below you until you reach an elevation 8,516 feet.

 

Once you arrive to the top you can enjoy all of the attractions there is to offer such as two restaurants, observation decks, natural history museum, two documentary theaters, gift shop and over 50 miles of hiking trails. You can also enjoy camping, guided nature walks, cross country skiing, snow shoeing, and snow camping. 

 

The observation decks reveal spectacular views of the area. On a clear day you can even see Mt. Charleston, which is all the way near Las Vegas. To the East you can see the Salton Sea as well as the wind turbines, Palm Springs, and of course Coachella Valley.

 

The most popular restaurant is Peaks Restaurant; a food experience above the clouds. Their menu consists of a variety of fresh vegetables and greens, dry-aged meat and poultry and fresh bread from local bakeries along with traditional plates such as pasta. As you can imagine, this place is usually always busy, so be sure to make a reservation ahead of time for guaranteed seating. 

 

Tickets to go on this amazing adventure can be purchased on their website at https://pstramway.com/tickets/. If they are sold out online or grayed out in the calendar, there are still tickets available, but they can only be purchased at the tram itself on a first come, first serve basis. Their prices range from $26.95 for adults to $16.95 for children ages 3-10 with summer/annual passes available as well as dining packages as well. Take your adventure to new heights with this fun and beautiful experience.