Spring Valley, NV is a small town located just outside of Las Vegas. It is known for its affordable cost of living compared to the larger cities nearby. The average 2 bedroom rent in Spring Valley is $1,660 per month, which is significantly cheaper than the US average at $1,430. Additionally, the Grocery Cost Index in Spring Valley stands at 103 versus 100 nationally. This makes the cost of food higher than average but still relatively low.
Spring Valley provides many opportunities for both work and leisure, with several local businesses such as Jones Animal Hospital, I Heart Yoga and The Back Nine Bar & Grill. There are also some great parks nearby including Desert Breeze Park and Arroyo Grande Sports Complex to explore and enjoy outdoor activities like hiking and biking. All these factors make Spring Valley a great place to live with an affordable cost of living.
Spring Valley has an unemployment rate of 8.8%. The US average is 6.0%.
Spring Valley has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Spring Valley
- The Sales Tax Rate for Spring Valley is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spring Valley
- The average income of a Spring Valley resident is $27,177 a year. The US average is $28,555 a year.
- The Median household income of a Spring Valley resident is $63,494 a year. The US average is $69,021 a year.