Cost of living in Indian Hills research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Indian Hills is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Nevada, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Indian Hills is 111, with 100 being the average.
The cost of living index in Indian Hills is 1.1x higher than the national average.
Indian Hills ranks as the #26 cheapest in Nevada out of 33.
Indian Hills ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Indian Hills is $358,600.
The median income in Indian Hills is $71,211.
According to the most recent data on the cost of living, Indian Hills has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Nevada, Indian Hills has a cost of living index that's 1.1x higher than Nevada's index of 101.
The standard of living in Indian Hills ranks as #26 most affordable out of the 33 places we measured in Nevada. By definition, that implies Indian Hills ranks as the #7 most expensive place in the Silver State.
For more reading on life in Indian Hills, check out:
Six factors go into calculating the cost of living index in Indian Hills. Here is how it fairs on each of the criteria:
The Services index in Indian Hills is 107.
The Groceries index in Indian Hills is 110.
The Health index in Indian Hills is 112.
The Housing index in Indian Hills is 119.
The Transportation index in Indian Hills is 131.
The Utilities index in Indian Hills is 85.
|Living Expense||Indian Hills||Nevada||National Average|
Housing swings affordability the most between places in Nevada, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Indian Hills is $358,600.
The Median Rent in Indian Hills is $1,451.
The Median Income in Indian Hills is $71,211.
The Home Value To Income in Indian Hills is 5.0x.
The Rent To Monthly Income in Indian Hills is 0.24x.
|Statistic||Indian Hills||Nevada||United States|
|Median Home Value||$358,600||$315,900||$244,900|
|Home Value To Income||5.0x||4.8x||3.5x|
|Rent To Monthly Income||0.24x||0.23x||0.2x|
The cost of living varies in the cities and towns around Indian Hills. Here's a quick look at the cost of living in the most populous nearby places:
South Lake Tahoe, CA has a cost of living index of 124, 1.1x Indian Hills.
Dayton, NV has a cost of living index of 103, 0.9x Indian Hills.
Gardnerville Ranchos, NV has a cost of living index of 110, 1.0x Indian Hills.