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average household in Palm Springs is made up of 2.1 people,
while the average age of Palm Springs residents is 45. Most
residents live in single family homes (58%) or apartments (26%),
with 60% owning their own home. Approximately 41% of the population
live in one-person households. Additionally, 39% of households
in Palm Springs have children compared with 55% for the state
in general, reflecting the city’s distinctly diverse atmosphere.
Palm Springs is primarily a working-class community, with
median income levels well below the California average at
$35,973 per year for the typical family. Homebuyers relocating
to Palm Springs typically paid 5% more than the average for
real estate in the Riverside County region as a whole. For
those who don't own their own homes, the cost of renting property
in Palm Springs is slightly below that in nearby areas, with
rental prices averaging $540 for single-bedroom apartments
up to $720 for larger properties.
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