Spring Valley, NV Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

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 104, with 100 being the average.

  • The cost of living index in Spring Valley is 1.0x higher than the national average.

  • Spring Valley ranks as the #18 cheapest in Nevada out of 33.

  • Spring Valley ranks as the #3,585 cheapest out of 6,412 in the US.

  • The median home value in Spring Valley is $318,000.

  • The median income in Spring Valley is $63,494.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
104
Spring Valley's Overall Cost Of Living
1.0x
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 104, which is 1.0x higher than the national index of 100.

Compared to Nevada, Spring Valley has a cost of living index that's 1.0x higher than Nevada's index of 101.

The standard of living in Spring Valley ranks as #18 most affordable out of the 33 places we measured in Nevada. By definition, that implies Spring Valley ranks as the #15 most expensive place in the Silver State.

For more reading on life in Spring Valley, check out:

18 out of 33
In Nevada
3,585 out of 6,412
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 104.

  • The Groceries index in Spring Valley is 104.

  • The Health index in Spring Valley is 95.

  • The Housing index in Spring Valley is 106.

  • The Transportation index in Spring Valley is 109.

  • The Utilities index in Spring Valley is 101.

Living Expense Spring Valley Nevada National Average
Overall 104 101 100
Services 104 91 100
Groceries 104 103 100
Health 95 93 100
Housing 106 111 100
Transportation 109 114 100
Utilities 101 97 100
For more reading on cost of living around Nevada, check out:
Spring Valley Cost of Living Vs. NV

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 2017-2021. The key points are:

  • The Median Home Value in Spring Valley is $318,000.

  • The Median Rent in Spring Valley is $1,367.

  • The Median Income in Spring Valley is $63,494.

  • The Home Value To Income in Spring Valley is 5.0x.

  • The Rent To Monthly Income in Spring Valley is 0.26x.

Statistic Spring Valley Nevada United States
Median Home Value $318,000 $315,900 $244,900
Median Rent $1,367 $1,238 $1,163
Median Income $63,494 $65,686 $69,021
Home Value To Income 5.0x 4.8x 3.5x
Rent To Monthly Income 0.26x 0.23x 0.2x
Search Homes For Sale In Spring Valley, NV
$318,000
Median Home Value
$1,367
Median Rent
$63,494
Median Income

Spring Valley, NV Costs By Category

Detailed Spring Valley Services Costs Vs. Nevada

Item Spring Valley Nevada
Shampoo $0.93 $1.06
Movie $12.06 $10.68
Bowling $18.25 $14.67
Haircut $17.13 $18.62
Beauty Salon $46.67 $39.05

Detailed Spring Valley Groceries Costs Vs. Nevada

Item Spring Valley Nevada
Ground Beef $4.49 $4.22
Fried Chicken $1.35 $1.39
Milk $2.46 $2.05
Potatoes $2.96 $3.29
Pizza $10.82 $10.62
Beer $9.25 $9.38
Toothpaste $2.66 $2.34

Detailed Spring Valley Health Costs Vs. Nevada

Item Spring Valley Nevada
Optometrist $105.92 $108.57
Doctor $106.13 $116.17
Dentist $96.98 $99.13

Detailed Spring Valley Transportation Costs Vs. Nevada

Item Spring Valley Nevada
Gasoline $2.36 $2.22
Tire Balancing $54.94 $50.07

Detailed Spring Valley Utilities Costs Vs. Nevada

Item Spring Valley Nevada
All Electricity $170.51 $167.67
Phone $175.3 $175.64

Spring Valley SnackAbility

7.5
/10
Overall SnackAbility
Jobs
7/10
Housing
8.5
Affordability
4
Diversity
10
Safety
N/A
Amenities
10
Education
7
Commute
8

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 104, 1.0x Spring Valley.

  • Henderson, NV has a cost of living index of 111, 1.1x Spring Valley.

  • North Las Vegas, NV has a cost of living index of 102, 1.0x Spring Valley.

City Population Cost Of Living Vs. Spring Valley
Las Vegas, NV 634,786 104 1.0x
Henderson, NV 311,250 111 1.1x
North Las Vegas, NV 259,638 102 1.0x
Enterprise, NV 219,566 111 1.1x
Sunrise Manor, NV 196,411 92 0.9x
Paradise, NV 189,852 99 1.0x
Whitney, NV 45,105 95 0.9x
Winchester, NV 36,307 95 0.9x
Summerlin South, NV 28,861 127 1.2x

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