How Much Does It Cost To Retire In Palm Springs?

Many of you have left comments asking how much it costs to live in and or retire in Palm Springs. So, today, we are answering those comments, based on what it costs us to live here in the city of Palm Springs, California as retirees.

Do you have a question or a request for a future video? Please let me know in the comments section.

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#palmsprings #seniors #retirement

[westsparks]

I live in a senior housing complex in Reno, my 535 sqft studio is $541, I pay for electric, about $30 monthly, WiFi internet is $35. Everything else is included in the rent. It is owned by the Reno Housing Authority. My rent is based off my monthly income which is about $2200. As a senior I am allowed to have assets as in my retirement account, savings and checking. I am allowed to earn $78, 000 a year to qualify for the apt. I have $0 debt so I'm living good in my olden years.

[cathpeterson]

Palm Springs is really reasonably priced, lots of great options

[thomasdecapito]

Thanks Steve, I thought Palm Springs was very expensive. I didn't know there are low budget options. Thanks for the info . Another great video 🎯

[Kim-mzco]

I use to visit weekends in Palm Springs when I was living in Phoenix and LA in my younger days and that was nice, but I think I'll be staying with my large studio apartment in Cambodia with a pool that costs less than $300 a month including utilities. Best wishes.

[debrahturenne]

Thanks guys. All good info. We live in a very nice mobile home park in Las Vegas. We own the home and pay space rent. That is becoming more of an issue. We have been living here for 71/2 years. Space rent was 600 the first year but now with trash and water costs is pretty close to a thousand. Hard on a fixed income. Friends here thought of selling and renting but that was going to be close to 1500 to 2000 a month in a nice area. What do you do. Happy that you guys have a nice home there🙂

[danapretzer]

Smart idea get there when they 1st open and avoid the crowds. On the other hand geeze you get up early!! haha 😀 Hey I have an idea!! I know Jim call me Mr Drysdale is a bit of a penny pincher lol Why not get yourself a payphone ! You could put it in the kitchen that way you will save on calls and save a few quarters too..

[GalaxyTheCrazyQuilt]

Hi Steve, hi Jim 😌 hope you had a wonderful shopping trip, and please stay safe 💓

[barbarateresarhiannonsreal]

Thank You, great info here. I'm in "unaffordable" Seattle, cold here June 14th, 2023. I need the sun & looking to move to the greater PSP area! A tiny house would be PERFECT! FRUGAL is the way to be!

[monikameza]

Hi Steve and Jim, I hope you're well. I know retirement is not easy, with bills etc. I will be 65 in December and hope to get my SS benefits then, I'm not sure tough. Have a blessed weekend 💞

[reho]

It's important to calculate your costs during retirement. Limited income and/or savings will determine your ability to live the lifestyle you want or more accurately need. If you're poor, don't even think of a place like Palm Springs. Think of Needles or perhaps some of the desert communities in AZ. Cold states require big outlays for heating during the winter. Plan ahead.

[andytaylor]

I live in CA, the bay area. Your grocery costs are lower. I own my home-mortgage about $800. Utils have been brutal this winter-$300 a month. Internet /RokuTv $60. Smartphone $35, Property Tax $7000 annual. Water $30. We still pay Income Tax though I'm 70 and retired-_Some states have no income tax. I don't eat out much, basically a homebody. I love the desert area like Palm Springs, it's just the high heat I can't tolerate and living with air conditioning most of the time. My sister wants me to move where she lives bNew Hampshire but thats too snowy and cold. So even though I live alone, for now it's ok. And also I'm gay and I like our Democratic majority government as opposed to what I see happening in states with Republican majority government. (like Florida, Tx. Az).

[shannon]

Oh wow, Palm Springs rentals are way more reasonable than I thought. I live in Portland Maine, which I don't think people think of as a super expensive city, but the average price of a 1br apartment is about $1800, and if your budget is under $2.5k you're probably going to be fighting with 100 other people for each apartment you apply for. I've talked to a lot of people trying to move here for jobs they've been offered but they can't find a place to live so they have to turn the job down. I'm lucky that rent control is saving my butt and I'm only paying $1200 for the tiny apartment I've lived in for 8 years. I've been looking at more affordable places to move to, and California wasn't on my list but maybe Palm Springs should be.

[dianejohnson]

Jim ans Steve, I moved from San Diego to live in the Atlanta, Ga area and it is much less to live!!!

[U.S.A..]

I'm so happy I live in West Virginia. It is way cheaper to live here in West Virginia. You know what they say West Virginia almost heaven.

[knightowl]

UK's price for petrol (Gasoline) is almost $7. It's around $6.70 on average. We are having a tough time over here compared to the USA. I love all of your content, by the way!

[donaldmcauliffe]

Jim you have a good mind do you love to play chess you act like a chess player in your thinking

[johnpierce]

i know eggs here in texas are about 4.99 to up, depending on the brand, gas where i live is about 2.87 to 3.09, where i rent at, my aparrtment is 699 for one bedroom, so not to bad. and its nice.

[Ms.HarmonyJ]

Alright Steve I might have retired down there

[sidetrippingwithcary]

THANKS for this! I was going to contact you to ask that question (about the cost to retire in PS)!

I’ve been looking at condos; the prices aren’t THAT bad, but the HOA fees are kind of pricey!

[Msjuly]

thanks for sharing I love me some Steve and Jim have a beautiful weekend