Zip 89118 (Spring Valley, NV) Cost of Living


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Spring Valley cost of living score
110.6
More expensive
10.6% higher
than the US average
0.8% higher
than the Nevada average
Spring Valley (zip 89118), Nevada gets a BestPlaces Cost of Living score of 110.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.6% higher than the U.S. average and 0.8% lower than the average for Nevada.

Zip 89118 (Spring Valley, NV)

Housing costs in Spring Valley?
A typical home costs $322,800, which is 4.5% less expensive than the national average of $338,100 and 22.6% less expensive than the average Nevada home, at $417,100. Renting a two-bedroom unit in Spring Valley costs $1,630 per month, which is 12.4% more than the national average of $1,450 and 10.4% more than the state average of $1,460.

Can I afford Spring Valley?
To live comfortably in Spring Valley (zip 89118), Nevada, a minimum annual income of $61,920 for a family, and $54,400 for a single person is recommended.

What does A.I. say about Spring Valley?
The cost of living in 89118 Spring Valley, NV is quite reasonable. The median home price in this area is $272,800 and the median rent is $1,310 per month. Utilities are also relatively inexpensive with the average electricity bill costing only around $75 per month. Groceries are also reasonably priced and the overall cost of living makes it an attractive place to live for those on a budget.
   Cost of living score
     CategoriesSpring ValleyNevadaUnited States
  110.6109.7100.0
  100.4100.3100
  93.094.6100.0
  98.1122.9100.0
  $322,800$417,100$338,100
  103.9%97.2%100.0%
  121.5116.7100.0
  108.6100.3100.0

   100=National Average

   Average Rent by Bedroom Size
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