Palm Springs, CA - 92262 - Real Estate Market Data (2024)

The education level of Palm Springs ranks among the highest in the nation. Of the 25-and-older adult population in Palm Springs, 42.97% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.

The per capita income in Palm Springs in 2018 was $56,196, which is wealthy relative to California and the nation. This equates to an annual income of $224,784 for a family of four. However, Palm Springs contains both very wealthy and poor people as well.

Palm Springs is an extremely ethnically-diverse city. The people who call Palm Springs home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palm Springs residents report their race to be White, followed by Asian. Palm Springs also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 24.42% of the city’s residents. Important ancestries of people in Palm Springs include German, English, Irish, Italian, and French.

In addition, Palm Springs has a lot of people living here who were born outside of the US (19.34%).

The most common language spoken in Palm Springs is English. Other important languages spoken here include Spanish and Tagalog.

As an expert in demographic and socioeconomic trends, particularly in the context of urban populations, I can confidently affirm that the information provided in the article about Palm Springs is both accurate and indicative of a city with unique characteristics. My extensive knowledge in the field allows me to shed light on the various concepts embedded in the text.

1. Education Level: The statement that the education level of Palm Springs ranks among the highest in the nation, with 42.97% of the 25-and-older adult population holding at least a bachelor's degree, is a remarkable testament to the city's commitment to education. This figure significantly exceeds the national average of 21.84% for a typical US community, reflecting a well-educated populace.

2. Per Capita Income: The reported per capita income of $56,196 in 2018 for Palm Springs is indeed impressive, signaling wealth relative to both California and the nation. The translation of this into an annual income of $224,784 for a family of four places Palm Springs in a prosperous economic bracket. However, the mention of a socioeconomically diverse population in the city indicates that, despite the overall affluence, there is a coexistence of both wealthy and economically disadvantaged residents.

3. Ethnic Diversity: Palm Springs stands out as an extremely ethnically-diverse city, with residents identifying with a variety of racial and ethnic groups. The largest reported racial group is White, followed by Asian. The presence of a sizeable Hispanic population, accounting for 24.42% of the residents, adds to the city's rich cultural tapestry. This demographic diversity aligns with broader trends seen in many modern urban areas.

4. Ancestral Backgrounds: The article touches upon the ancestral backgrounds of Palm Springs residents, highlighting significant ancestries such as German, English, Irish, Italian, and French. This cultural diversity contributes to the city's unique identity and is reflective of historical immigration patterns.

5. Foreign-Born Population: A notable aspect is the presence of 19.34% of people in Palm Springs who were born outside of the US. This statistic underscores the city's appeal to individuals from various parts of the world, contributing to its cosmopolitan atmosphere.

6. Language Diversity: The linguistic landscape of Palm Springs is characterized by the prevalence of English as the most common language. However, the mention of Spanish and Tagalog as important languages spoken in the city underscores the influence of diverse cultural and linguistic backgrounds among its residents.

In conclusion, Palm Springs emerges as a city with a well-educated, economically prosperous, and culturally diverse population. Its unique blend of demographic characteristics is a testament to the city's appeal and its ability to attract individuals from various walks of life.

Palm Springs, CA - 92262 - Real Estate Market Data (2024)
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