Spring Valley, NV Cost Of Living
Cost Of Living In Spring Valley, NV Summary
Cost of living in Spring Valley 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 Spring Valley 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 Spring Valley is 114, with 100 being the average.
The cost of living index in Spring Valley is 1.1x higher than the national average.
Spring Valley ranks as the #19 cheapest in Nevada out of 32.
Spring Valley ranks as the #4,023 cheapest out of 6,489 in the US.
The median home value in Spring Valley is $447,644.
The median income in Spring Valley is $72,364.
Table Of Contents
Spring Valley's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Spring Valley, NV?
According to the most recent data on the cost of living, Spring Valley has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Nevada, Spring Valley has a cost of living index that's 1.1x higher than Nevada's index of 101.
The standard of living in Spring Valley ranks as #19 most affordable out of the 32 places we measured in Nevada. By definition, that implies Spring Valley ranks as the #13 most expensive place in the Silver State.
For more reading on life in Spring Valley, check out:
In Nevada
In America
Spring Valley Cost Of Living Vs. Nevada
Six factors go into calculating the cost of living index in Spring Valley. Here is how it fairs on each of the criteria:
The Services index in Spring Valley is 86.
The Groceries index in Spring Valley is 103.
The Health index in Spring Valley is 90.
The Housing index in Spring Valley is 150.
The Transportation index in Spring Valley is 111.
The Utilities index in Spring Valley is 107.
| Living Expense | Spring Valley | Nevada | National Average | |
|---|---|---|---|---|
| Overall | 114 | 101 | 100 | |
| Services | 86 | 93 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 90 | 94 | 100 | |
| Housing | 150 | 105 | 100 | |
| Transportation | 111 | 118 | 100 | |
| Utilities | 107 | 101 | 100 | |
Spring Valley, 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 Spring Valley is $447,644.
The Median Rent in Spring Valley is $1,642.
The Median Income in Spring Valley is $72,364.
The Home Value To Income in Spring Valley is 6.2x.
The Rent To Monthly Income in Spring Valley is 0.27x.
| Statistic | Spring Valley | Nevada | United States |
|---|---|---|---|
| Median Home Value | $447,644 | $445,669 | $303,400 |
| Median Rent | $1,642 | $1,489 | $1,348 |
| Median Income | $72,364 | $75,561 | $78,538 |
| Home Value To Income | 6.2x | 5.9x | 3.9x |
| Rent To Monthly Income | 0.27x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Spring Valley, NV Costs By Category
Detailed Spring Valley Services Costs Vs. Nevada
| Item | Spring Valley | Nevada |
|---|---|---|
| Shampoo | $1.36 | $1.28 |
| Movie | $12.42 | $12.13 |
| Bowling | $16.78 | $18 |
| Haircut | $16.39 | $24.26 |
| Beauty Salon | $42.92 | $45.56 |
Detailed Spring Valley Groceries Costs Vs. Nevada
| Item | Spring Valley | Nevada |
|---|---|---|
| Ground Beef | $6.52 | $5.84 |
| Fried Chicken | $1.37 | $1.57 |
| Milk | $4.8 | $4.67 |
| Potatoes | $4.62 | $4.93 |
| Pizza | $11.99 | $12.09 |
| Beer | $10.14 | $10.41 |
| Toothpaste | $3.9 | $3.7 |
Detailed Spring Valley Health Costs Vs. Nevada
| Item | Spring Valley | Nevada |
|---|---|---|
| Optometrist | $97.78 | $125.68 |
| Doctor | $111.53 | $135.78 |
| Dentist | $98.86 | $113.29 |
Detailed Spring Valley Transportation Costs Vs. Nevada
| Item | Spring Valley | Nevada |
|---|---|---|
| Gasoline | $3.99 | $3.46 |
| Tire Balancing | $59.58 | $59.92 |
Detailed Spring Valley Utilities Costs Vs. Nevada
| Item | Spring Valley | Nevada |
|---|---|---|
| All Electricity | $219.03 | $193.99 |
| Phone | $185.31 | $192.25 |
Spring Valley SnackAbility
/10
Cost Of Living In Cities Around Spring Valley
The cost of living varies in the cities and towns around Spring Valley. Here's a quick look at the cost of living in the most populous nearby places:
Las Vegas, NV has a cost of living index of 111, 1.0x Spring Valley.
Henderson, NV has a cost of living index of 118, 1.0x Spring Valley.
North Las Vegas, NV has a cost of living index of 108, 0.9x Spring Valley.
| City | Population | Cost Of Living | Vs. Spring Valley |
|---|---|---|---|
| Las Vegas, NV | 650,873 | 111 | 1.0x |
| Henderson, NV | 324,523 | 118 | 1.0x |
| North Las Vegas, NV | 270,773 | 108 | 0.9x |
| Enterprise, NV | 232,043 | 116 | 1.0x |
| Sunrise Manor, NV | 199,099 | 97 | 0.9x |
| Paradise, NV | 186,178 | 106 | 0.9x |
| Whitney, NV | 46,268 | 102 | 0.9x |
| Winchester, NV | 37,774 | 95 | 0.8x |
| Summerlin South, NV | 30,075 | 137 | 1.2x |
