City Enjoys Good Growth Rate
Palm Desert is the fastest growing city in the sprawling Coachella Valley located in the desert confines of Riverside County,California. The city registered almost 50,000 inhabitants in the last census up from just over 40,000 in the 2000 census. While this may seem as rapid growth to some, it pales next to the torrid pace sustained in the 80’s and 90’s. In 1980, the population was a mere 11,000 or so. It more than doubled to 23,000 plus by 1990 and over 35,000 by 1995.
Much of the increase has been attributed to the influx of so called snowbirds, inhabitants from colder climes such as Canada and New England states. The city’s population expands even further every winter as tourists and temporary residents come to enjoy the sunshine and mild winter temperatures. Ever larger percentages of the population however have come to live here year round. The region is also attracting increasing numbers of Californians who are seeking a more tranquil lifestyle away from the state’s major urban centers. The high value housing is an added lure. Property here is seen as still affordable, but likely to appreciate in value. This is due to the desirability that comes from the spectacular scenery of the region along with the abundant sunshine and cultural amenities that abound. These include fine dining, golf courses, shopping districts, and casinos.
The city was called Palm Village back in the 1920’s when plantations of palm trees devoted to dates provided the agricultural mainstay of a region dedicated to growing crops. These gradually began to give way to residential development starting in the 1940’s. An area called El Paseo became an upscale shopping center. The Palm Desert Corporation was formed in 1948 to develop the area for housing, and in 1951 the city incorporated itself as Palm Desert.
Celebrities Choosing to Live Here
Palm Desert is home to many well known names. Bill Gates has a house here as does Rita Rudner and Jerry Weintraub. They along with many of the residents of Palm Deser tlive here only part of the year generally in the winter months when the weather is sunny and mild. Daytime highs are generally in the mid 70’s in January. In July, the temperature often tops 100 degrees.
About two thirds of households own their units with the remainder renting their space. There are about 1700 people living per square mile which is considered fairly low density.
Median household income here is just under $60,000. This ranks Palm Desert as above the state average. The figure is considered to be somewhat misleading because of the significant percentage of the population that is retired. People in such circumstance often report incomes well below what their standard of living might suggest. This is due to the fact that they have built up a substantial amount of assets over the years that are not reflected in income.
Palm Desert is home to several golf resorts which also feature spas and luxury hotels.