Spanish Springs, NV Cost Of Living
Cost Of Living In Spanish Springs, NV Summary
Cost of living in Spanish Springs 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 Spanish Springs 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 Spanish Springs is 133, with 100 being the average.
The cost of living index in Spanish Springs is 1.3x higher than the national average.
Spanish Springs ranks as the #29 cheapest in Nevada out of 32.
Spanish Springs ranks as the #5,125 cheapest out of 6,489 in the US.
The median home value in Spanish Springs is $658,462.
The median income in Spanish Springs is $121,250.
Table Of Contents
Spanish Springs's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Spanish Springs, NV?
According to the most recent data on the cost of living, Spanish Springs has an overall cost of living index of 133, which is 1.3x higher than the national index of 100.
Compared to Nevada, Spanish Springs has a cost of living index that's 1.3x higher than Nevada's index of 101.
The standard of living in Spanish Springs ranks as #29 most affordable out of the 32 places we measured in Nevada. By definition, that implies Spanish Springs ranks as the #3 most expensive place in the Silver State.
For more reading on life in Spanish Springs, check out:
In Nevada
In America
Spanish Springs Cost Of Living Vs. Nevada
Six factors go into calculating the cost of living index in Spanish Springs. Here is how it fairs on each of the criteria:
The Services index in Spanish Springs is 101.
The Groceries index in Spanish Springs is 102.
The Health index in Spanish Springs is 93.
The Housing index in Spanish Springs is 210.
The Transportation index in Spanish Springs is 124.
The Utilities index in Spanish Springs is 93.
| Living Expense | Spanish Springs | Nevada | National Average | |
|---|---|---|---|---|
| Overall | 133 | 101 | 100 | |
| Services | 101 | 93 | 100 | |
| Groceries | 102 | 104 | 100 | |
| Health | 93 | 94 | 100 | |
| Housing | 210 | 105 | 100 | |
| Transportation | 124 | 118 | 100 | |
| Utilities | 93 | 101 | 100 | |
Spanish Springs, NV Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Spanish Springs is $658,462.
The Median Rent in Spanish Springs is $1,905.
The Median Income in Spanish Springs is $121,250.
The Home Value To Income in Spanish Springs is 5.4x.
The Rent To Monthly Income in Spanish Springs is 0.19x.
| Statistic | Spanish Springs | Nevada | United States |
|---|---|---|---|
| Median Home Value | $658,462 | $445,669 | $303,400 |
| Median Rent | $1,905 | $1,489 | $1,348 |
| Median Income | $121,250 | $75,561 | $78,538 |
| Home Value To Income | 5.4x | 5.9x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Spanish Springs, NV Costs By Category
Detailed Spanish Springs Services Costs Vs. Nevada
| Item | Spanish Springs | Nevada |
|---|---|---|
| Shampoo | $1.37 | $1.28 |
| Movie | $11.0 | $12.13 |
| Bowling | $21.95 | $18 |
| Haircut | $25.78 | $24.26 |
| Beauty Salon | $42.67 | $45.56 |
Detailed Spanish Springs Groceries Costs Vs. Nevada
| Item | Spanish Springs | Nevada |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.87 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $4.57 | $4.93 |
| Pizza | $12.67 | $12.09 |
| Beer | $9.41 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Spanish Springs Health Costs Vs. Nevada
| Item | Spanish Springs | Nevada |
|---|---|---|
| Optometrist | $115.11 | $125.68 |
| Doctor | $129.11 | $135.78 |
| Dentist | $118.11 | $113.29 |
Detailed Spanish Springs Transportation Costs Vs. Nevada
| Item | Spanish Springs | Nevada |
|---|---|---|
| Gasoline | $4.4 | $3.46 |
| Tire Balancing | $66.55 | $59.92 |
Detailed Spanish Springs Utilities Costs Vs. Nevada
| Item | Spanish Springs | Nevada |
|---|---|---|
| All Electricity | $171.07 | $193.99 |
| Phone | $185.8 | $192.25 |
Spanish Springs SnackAbility
/10
Cost Of Living In Cities Around Spanish Springs
The cost of living varies in the cities and towns around Spanish Springs. Here's a quick look at the cost of living in the most populous nearby places:
Reno, NV has a cost of living index of 121, 0.9x Spanish Springs.
Sparks, NV has a cost of living index of 121, 0.9x Spanish Springs.
Sun Valley, NV has a cost of living index of 103, 0.8x Spanish Springs.
| City | Population | Cost Of Living | Vs. Spanish Springs |
|---|---|---|---|
| Reno, NV | 268,959 | 121 | 0.9x |
| Sparks, NV | 109,106 | 121 | 0.9x |
| Sun Valley, NV | 22,697 | 103 | 0.8x |
| Cold Springs, NV | 11,223 | 118 | 0.9x |
