Spokane Valley, WA Cost Of Living

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

Cost Of Living In Spokane Valley, WA Summary

Cost of living in Spokane 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 Spokane 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 Washington, 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 Spokane Valley is 102, with 100 being the average.

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

  • Spokane Valley ranks as the #23 cheapest in Washington out of 192.

  • Spokane Valley ranks as the #3,380 cheapest out of 6,412 in the US.

  • The median home value in Spokane Valley is $250,500.

  • The median income in Spokane Valley is $60,079.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
102
Spokane Valley's Overall Cost Of Living
1.0x
Higher Than The National Average

What is the cost of living in Spokane Valley, WA?

According to the most recent data on the cost of living, Spokane Valley has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.

Compared to Washington, Spokane Valley has a cost of living index that's 0.9x lower than Washington's index of 115.

The standard of living in Spokane Valley ranks as #23 most affordable out of the 192 places we measured in Washington. By definition, that implies Spokane Valley ranks as the #169 most expensive place in the Evergreen State.

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

23 out of 192
In Washington
3,380 out of 6,412
In America

Spokane Valley Cost Of Living Vs. Washington

Six factors go into calculating the cost of living index in Spokane Valley. Here is how it fairs on each of the criteria:

  • The Services index in Spokane Valley is 111.

  • The Groceries index in Spokane Valley is 99.

  • The Health index in Spokane Valley is 118.

  • The Housing index in Spokane Valley is 92.

  • The Transportation index in Spokane Valley is 111.

  • The Utilities index in Spokane Valley is 102.

Living Expense Spokane Valley Washington National Average
Overall 102 115 100
Services 111 112 100
Groceries 99 109 100
Health 118 119 100
Housing 92 129 100
Transportation 111 116 100
Utilities 102 90 100
For more reading on cost of living around Washington, check out:
Spokane Valley Cost of Living Vs. WA

Spokane Valley, WA Housing Cost Breakdown

Housing swings affordability the most between places in Washington, 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 Spokane Valley is $250,500.

  • The Median Rent in Spokane Valley is $1,057.

  • The Median Income in Spokane Valley is $60,079.

  • The Home Value To Income in Spokane Valley is 4.2x.

  • The Rent To Monthly Income in Spokane Valley is 0.21x.

Statistic Spokane Valley Washington United States
Median Home Value $250,500 $397,600 $244,900
Median Rent $1,057 $1,439 $1,163
Median Income $60,079 $82,400 $69,021
Home Value To Income 4.2x 4.8x 3.5x
Rent To Monthly Income 0.21x 0.21x 0.2x
Search Homes For Sale In Spokane Valley, WA
$250,500
Median Home Value
$1,057
Median Rent
$60,079
Median Income

Spokane Valley, WA Costs By Category

Detailed Spokane Valley Services Costs Vs. Washington

Item Spokane Valley Washington
Shampoo $1.17 $1.06
Movie $13.73 $10.68
Bowling $17.07 $14.67
Haircut $21.08 $18.62
Beauty Salon $33.17 $39.05

Detailed Spokane Valley Groceries Costs Vs. Washington

Item Spokane Valley Washington
Ground Beef $4.02 $4.22
Fried Chicken $1.36 $1.39
Milk $2.07 $2.05
Potatoes $2.82 $3.29
Pizza $11.89 $10.62
Beer $9.83 $9.38
Toothpaste $2.49 $2.34

Detailed Spokane Valley Health Costs Vs. Washington

Item Spokane Valley Washington
Optometrist $149.56 $108.57
Doctor $153.04 $116.17
Dentist $113.0 $99.13

Detailed Spokane Valley Transportation Costs Vs. Washington

Item Spokane Valley Washington
Gasoline $2.55 $2.22
Tire Balancing $49.64 $50.07

Detailed Spokane Valley Utilities Costs Vs. Washington

Item Spokane Valley Washington
All Electricity $163.0 $167.67
Phone $191.51 $175.64

Spokane Valley SnackAbility

8
/10
Overall SnackAbility
Jobs
7/10
Housing
8
Affordability
6
Diversity
7
Safety
4
Amenities
9
Education
8
Commute
8.5

Cost Of Living In Cities Around Spokane Valley

The cost of living varies in the cities and towns around Spokane Valley. Here's a quick look at the cost of living in the most populous nearby places:

  • Spokane, WA has a cost of living index of 103, 1.0x Spokane Valley.

  • Post Falls, ID has a cost of living index of 103, 1.0x Spokane Valley.

  • Liberty Lake, WA has a cost of living index of 113, 1.1x Spokane Valley.

City Population Cost Of Living Vs. Spokane Valley
Spokane, WA 225,709 103 1.0x
Post Falls, ID 38,162 103 1.0x
Liberty Lake, WA 11,647 113 1.1x
Airway Heights, WA 10,108 99 1.0x
Rathdrum, ID 9,099 104 1.0x
Mead, WA 7,146 105 1.0x
Country Homes, WA 6,148 106 1.0x
Otis Orchards-East Farms, WA 6,133 106 1.0x
Town and Country, WA 5,479 102 1.0x

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