A+
2%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
3%
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 Sun Valley Nevada National
Cost of living102100100
Goods & Services9992100
Groceries101103100
Health care9592100
Housing103104100
Transportation122117100
Utilities9299100

An Overview of Cost of Living in Sun Valley, NV

The cost of living in Sun Valley 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 Sun Valley is 102, which is 2% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Sun Valley aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Sun Valley residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Sun Valley Affordable?

Wondering if Sun Valley 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 Sun Valley, for example, the median home price is 3.2% higher than what folks pay nationally, and monthly rent is 4.1% higher than the usual rates. Plus, income levels matter too, with Sun Valley boasting a median household income of $56,503, which is 2.1% higher than the national average.

What Factors can Influence the Cost of Living in Sun Valley?

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Sun Valley, the utilities index registers at 8.5% lower than the national average.

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 Sun Valley, healthcare costs are 5.3% lower than the national average.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Sun Valley, the groceries index is 0.8% higher than the national average.

Where is the Data From?

The cost of living in Sun Valley, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Sun Valley is 2% higher than the Nevada average
  • The cost of living in Sun Valley is 2% higher than the national average
  • Sun Valley housing is 3% 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 Sun Valley

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Compare Sun Valley, 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$65,950$5,496$1,539$1,979
      Renters$44,513$3,709$1,039$1,336
      To approximate the cost of living and the housing affordability in Sun Valley, NV, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Sun Valley have a median income of $65,950. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,539 per month to avoid calamity and poverty. The renters in the city have an income of about $44,513, which would make their monthly maximum allowable rental costs $1,039.

      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 Sun Valley 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 Sun Valley 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 Sun Valley 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 Sun Valley National avg. Difference
      Home Price $190,600.00$184,700.003.2%
      Avg. Mortgage Payment $2,701.18$2,346.6915.1%
      Apartment Rent $988.00$949.004.1%

      Transportation

      Item Sun Valley National avg. Difference
      Gasoline $4.40$3.4627.1%
      Tire Balancing $66.55$59.9211.1%

      Utilities

      Item Sun Valley 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.
      Floriston, CA281021.5%
      Lemmon Valley, NV5,18311514.6%
      Cold Springs, NV10,70411717.3%
      Sparks, NV102,89512019.7%
      Reno, NV250,90312322.6%
      Sun Valley, NV21,1791022.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      East Ridge, TN21,1878812.1%
      Sapulpa, OK21,1708811.9%
      Esquimalt, BC21,191n/a 
      Sanford, ME21,1661065.5%
      Piqua, OH21,1598812.4%
      Sun Valley, NV21,1791022.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.