Zip 89118 (Spring Valley, NV) Economy


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In 89118 Spring Valley, NV, the average 2 bedroom rent is $1,630 per month. This is slightly higher than the US average of $1,430. The grocery cost index in this area is also higher than the national average at 100 versus 100 for the US. Local companies in this area include Venetian Casino Resort LLC, Red Rock Casino Resort & Spa, and U-Haul Moving & Storage of Spring Valley. Other business establishments that can be found in this neighborhood are El Balcon De Mexico restaurant and Golden Triangle Motorcycle Supply store.

Spring Valley (zip 89118) has an unemployment rate of 8.8%. The US average is 6.0%.

Spring Valley (zip 89118) 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 (zip 89118)
- The Sales Tax Rate for Spring Valley (zip 89118) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley (zip 89118) 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 (zip 89118)
- The average income of a Spring Valley (zip 89118) resident is $27,498 a year. The US average is $28,555 a year.
- The Median household income of a Spring Valley (zip 89118) resident is $64,779 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpring Valley, NevadaUnited States
  8.86
  -13.2%-6.2%
  40.3%33.5%
  8.3%6.2%
  0.0%4.6%
  $35,440$37,638
  $64,779$69,021
  $70,577$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.6%6.8%
  2.8%10.0%
  2.0%2.5%
  8.7%11.0%
  11.3%4.8%
  0.3%0.8%
  1.5%1.9%
  2.5%4.7%
  1.5%1.9%
  5.8%7.6%
  0.0%0.1%
  4.4%4.2%
  4.9%9.3%
  8.4%14.0%
  14.3%2.1%
  20.4%7.0%
  4.7%4.8%
  2.7%4.7%
Health