Palm Springs, California – Retirement Guide

Palm Springs, California   Retirement Guide

Once upon a time, Palm Springs attracted the likes of Frank Sinatra and the Rat Pack, blithely earning its reputation as one of California’s glitziest, wildest resort towns. These days, Palm Springs has take a calmer — but no less interesting — tone. To be sure, this town lying in the midst of the scenic Coachella Valley still attracts its fair share resort-loving sun seekers; in fact Palm Springs enjoys an average 330 days of sunshine annually. But now, more permanent residents, many of them retirees, can be found taking advantage of the town’s cultural and natural attractions.

Located about 2 hours east of Los Angeles, Palm Springs is an outdoor lovers’ dream. Stunning Mt. Jacinto looms over the town, and retirees will have plenty of opportunity for hiking, bicycling, golfing and swimming. While the weather seems to be almost perpetually sunny and ideal for outdoor activity, it can get extremely hot during the summer months.

Amidst the palm-lined streets lie a number of excellent restaurants and exclusive boutiques and galleries. Residents will also find general “big box” stores, like Walmart and Costco, as well.

Pros: Typically sunny weather, diverse outdoor activities
Con: Extremely hot summers, high cost of living

At a Glance:
Best For: Outdoor lovers
Population: 45,573
Cost of Living: 15.8% higher than national average
Median Home Cost: $263,000
Unemployment: 8.1%
Top State Income Tax: 13.3%
Crime Rate: 15.6% higher than national average

Interestingly, while the cost of living in Palm Springs is a steep 15 percent above the national average, the median home price is a reasonable $263,000. Retirees will find homes boasting “desert modern” architectures, with open floor plans, plenty of windows and pools, as well as smaller apartments, including some that are geared toward retirees.

Top Retirement Cities in California:  Eureka Palm Springs | San Diego | San Luis Obispo

Photo by Nouhailler via Flickr. All statistics were up to date as of publication. See these sources for the most current data.