D+
34%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
108%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Spanish Springs Nevada National
Cost of living134100100
Goods & Services9992100
Groceries101103100
Health care9592100
Housing208104100
Transportation122117100
Utilities9299100

An Overview of Cost of Living in Spanish Springs, NV

The cost of living in Spanish Springs affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Spanish Springs is 134, which is 34% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

If you prioritize affordability when seeking a new place to live, Spanish Springs may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Spanish Springs falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs are a major factor in the Spanish Springs cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 108.5% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Spanish Springs Affordable?

Wondering if Spanish Springs is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Spanish Springs, for example, the median home price is 123.6% higher than what folks pay nationally, and monthly rent is 73.1% higher than the usual rates. Plus, income levels matter too, with Spanish Springs boasting a median household income of $101,456, which is 83.4% higher than the national average.

What Factors can Influence the Cost of Living in Spanish Springs?

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Spanish Springs, healthcare costs are 5.3% lower than the national average.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Spanish Springs, the transportation index is 22.4% higher than the national average.

Where is the Data From?

The Spanish Springs cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Spanish Springs is 34% higher than the Nevada average
  • The cost of living in Spanish Springs is 34% higher than the national average
  • Spanish Springs housing is 108% higher than the national average
  • Nevada general sales tax is 34% higher than the national average
  • Nevada state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Spanish Springs

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Compare Spanish Springs, NV Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$104,167$8,681$2,430$3,125
      Renters$79,167$6,597$1,847$2,375
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Spanish Springs, NV, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Spanish Springs homeowners, is $104,167. This would allow for a maximum of $2,430 per month to be spent on housing costs. For renters, the median monthly income is $79,167 which would result in a maximum of $1,847 to be spent on rental costs.

      Nevada Sales Tax

      State General Sales Tax With Max Surtax
      Nevada 6.85% 8.25%

      Nevada Income Tax

      State Income Tax (Low) Income Tax (High)
      Nevada 0% 0%

      Goods & Services

      Item Spanish Springs National avg. Difference
      Haircut $25.78$24.266.2%
      Beauty Salon $42.67$45.566.4%
      Toothpaste $3.72$3.700.4%
      Shampoo $1.37$1.286.7%
      Movie $11.00$12.139.3%
      Bowling $21.95$18.0021.9%

      Groceries

      Item Spanish Springs National avg. Difference
      Ground Beef $5.87$5.840.5%
      Fried Chicken $1.87$1.5718.7%
      Milk $4.60$4.671.6%
      Potatoes $4.57$4.937.4%
      Pizza $12.67$12.094.9%
      Beer $9.41$10.419.6%

      Health Care

      Item Spanish Springs National avg. Difference
      Optometrist $115.11$125.688.4%
      Doctor $129.11$135.784.9%
      Dentist $118.11$113.294.3%
      Ibuprofen $10.85$10.651.8%
      Lipitor $349.59$468.6025.4%

      Housing

      Item Spanish Springs National avg. Difference
      Home Price $413,000.00$184,700.00123.6%
      Avg. Mortgage Payment $2,701.18$2,346.6915.1%
      Apartment Rent $1,643.00$949.0073.1%

      Transportation

      Item Spanish Springs National avg. Difference
      Gasoline $4.40$3.4627.1%
      Tire Balancing $66.55$59.9211.1%

      Utilities

      Item Spanish Springs National avg. Difference
      All Electricity $171.07$193.9911.8%
      Phone $185.80$192.253.4%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Sun Valley, NV21,1791022.1%
      Lemmon Valley, NV5,18311514.6%
      Cold Springs, NV10,70411717.3%
      Sparks, NV102,89512019.7%
      Reno, NV250,90312322.6%
      Spanish Springs, NV15,82013433.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Humble, TX15,819936.8%
      Los Lunas, NM15,814982.1%
      Bellevue, WI15,812981.6%
      Long Beach, MS15,829964.4%
      North Decatur, GA15,83311817.6%
      Spanish Springs, NV15,82013433.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.