ECONOMIC PROFILE

Jurisdiction

Cathedral City
Coachella
Desert Hot Sprgs.
Indian Wells
Indio
La Quinta
Palm Desert
Palm Springs
Rancho Mirage

Total

* Source: 1995 Riverside
County, Dept. of Finance

Employed

17,060
8,600
5,760
900
19,380
6,500
13,830
22,550
4,200

98.780

Tourism*

* Over 270 hotels

* Over 15,600 hotel rooms

* Over 85 golf courses

* The total annual impact of tourism on
the CV is about $1.5 billion.

* Source: CV Economic Partnership

Agriculture*

* Over 62,000 acres of agricultural
crops.

* 1994 crop production totaled
$324 million

* our major crops - grapes, citrus,
dates and vegetables.

*The total annual economic impact
impact on the CV is about $1 billion

* Source: CV Economic Partnership

Labor Market in the Coachella Valley*

Agriculture & Mining
Construction
Manufacturing
Utilities
Wholesale Trade
Retail Trade
Finance/Real Estate
Services
Government

Total

* Source: CV Economic Partnership

4,597
5,371
2,784
3,944
3,745
27,516
8,830
51,996
3,008

111,791

Labor Market in City of Palm Springs*

Agriculture & Mining
Construction
Manufacturing
Transportation
Communications & Utilities
Wholesale Trade
Retail Trade
Finance/Real Estate
Business & Repair Services
Personal Services
Entertainment/Recreation
Health Services
Educational Services
Other Professional
Public Administration

Total

Approximate Unemployment Rate: 8.0 %
* Source: City of Palm Springs, Econ. Dev.

542
1,686
958
785
542
542
4,352
1,628
1,279
2,643
613
1,722
789
1,472
424

19,750

Population in Coachella Valley*

Cathedral City
Coachella
Desert Hot Sprgs
Indian Wells
Indio
La Quinta
Palm Desert
Palm Springs
Rancho Mirage

Total

* Source: 1995 Riverside County,
Dept. of Finance

The City of Palm Springs is
projected to grow approx. 5.9%
per year.

35,880
20,775
14,951
3,199
42,578
17,591
33,701
42,473
10,745

221,813

The population growth in California and specifically Riverside County
has been significant in the past decade. From 1980 to 1990 the population
grew 20% in California, 43% in Riverside County, and 27% in the City of Palm Springs.
During the winter season, the population in the City of Palm Springs
doubles as a result of visitors and seasonal residents.

Population - county
Taxable sales - county
Population-city
Taxable sales-city
Housing units-city
School enrollment K-12

1970
456,914
$828,578
20,936
$92,761
9,246
2,853

1980
663,166
$3,274,017
32,271
$300,688
21,862
8,000

1990
1,170,413
$9,522,631
40,181
$488,351
18,622
14,426

1995
1,393,500*
$9,814,533 **
42,473*
$ 389,681**
19,192*
16,743***

* Source: State Dept. of Finance, January 1, 1995. Housing count reflects
occupied dwellings. ** State Board of Equalization, calendar year 1994. Add 000.
*** Riverside County Office of Education, 1994. The 1970 figure is for K-6.

ACCA COST OF LIVING INDEX - FOURTH QUARTER, 1995

The Index measures relative price levels for consumer goods & services
in participating areas. The average for all participating places equals 100,
and each participant's index is read as a percentage of the average for all places.

City

Palm Springs
Bakersfield
Fresno
Los Angeles
Riverside
San Diego
100 %
Composite
Index
114.5
105.1
107.3
116.7
106.4
120.0
16% Grocery

111.6
109.8
108.0
112.6
104.8
112.8
28% Housing

120.0
90.9
102.0
137.3
105.7
150.7
8% Utilities

136.1
129.4
108.4
91.2
100.7
80.8
10%
Transportation

110.1
106.1
114.0
107.2
110.7
127.7
5% Health
Care

139.5
123.7
123.3
118.7
127.5
115.9
33% Misc.
Goods/ Services

102.7
105.3
106.6
109.5
104.0
106.2

MEDIAN HOME PRICES -1995

Coachella Valley
Riverside County
San Diego
Los Angeles
Orange County
$115,590
$120,200
$173,880
$177,800
$210,740
Over 60 % of all housing units are single-family homes.
Year-round occupancy is 75%.

Average Housing Cost in City of Palm Springs:
Existing Homes: $144,326 New Homes: $168,475