C+
17%
Overall NAT. AVG.
16%
Goods & Services NAT. AVG.
69%
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 Enterprise Nevada National
Cost of living117100100
Goods & Services8492100
Groceries105103100
Health care8992100
Housing169104100
Transportation111117100
Utilities10799100

An Overview of Cost of Living in Enterprise, NV

Are you thinking about relocating, but curious about the potential cost of living in Enterprise? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Enterprise stands at 117, making it 17% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Housing costs are a very significant part of the Enterprise cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 69.2% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Everyday items like clothes, personal care products and fun activities all add up to what it costs to live. The thing is, in Enterprise, these goods and services are 16.2% cheaper than what people pay on average across the country. That means you can enjoy what you need and like without going broke. With these savings, you can stash more cash in your savings or use it for other money goals, which can really boost your financial health.

Is Enterprise Affordable?

Is Enterprise affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Enterprise, for instance, where the median home price falls 76.3% higher than the national average, and monthly rent rates are 52.5% higher than usual. Additionally, median income levels contribute to the equation, with Enterprise flaunting a median household income of $80,133, 44.8% higher than the national norm.

What Factors can Influence the Cost of Living in Enterprise?

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Enterprise, the transportation index is 10.7% higher than the national average.

Where is the Data From?

The cost of living in Enterprise, 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 Enterprise is 17% higher than the Nevada average
  • The cost of living in Enterprise is 17% higher than the national average
  • Enterprise housing is 69% 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 Enterprise

See all the best places to live around Enterprise

Compare Enterprise, NV Cost of Living

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      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$93,605$7,800$2,184$2,808
      Renters$62,785$5,232$1,465$1,884
      The affordability of the housing market in Enterprise, NV as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Enterprise homeowners, the median income is $93,605. This indicates that a monthly maximum of $2,184 should be spent by homeowners on all housing related costs. Renters have a median income of $62,785. This indicates that renters would have a maximum of $1,465 for their rent related monthly 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 Enterprise National avg. Difference
      Haircut $16.39$24.2632.4%
      Beauty Salon $42.92$45.565.8%
      Toothpaste $3.90$3.705.2%
      Shampoo $1.36$1.286.2%
      Movie $12.42$12.132.3%
      Bowling $16.78$18.006.8%

      Groceries

      Item Enterprise National avg. Difference
      Ground Beef $6.52$5.8411.6%
      Fried Chicken $1.37$1.5712.9%
      Milk $4.80$4.672.7%
      Potatoes $4.62$4.936.3%
      Pizza $11.99$12.090.8%
      Beer $10.14$10.412.6%

      Health Care

      Item Enterprise National avg. Difference
      Optometrist $97.78$125.6822.2%
      Doctor $111.53$135.7817.9%
      Dentist $98.86$113.2912.7%
      Ibuprofen $11.25$10.655.6%
      Lipitor $462.84$468.601.2%

      Housing

      Item Enterprise National avg. Difference
      Home Price $325,700.00$184,700.0076.3%
      Avg. Mortgage Payment $2,433.85$2,346.693.7%
      Apartment Rent $1,447.00$949.0052.5%

      Transportation

      Item Enterprise National avg. Difference
      Gasoline $3.99$3.4615.3%
      Tire Balancing $59.58$59.920.6%

      Utilities

      Item Enterprise National avg. Difference
      All Electricity $219.03$193.9912.9%
      Phone $185.31$192.253.6%
      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.
      Goodsprings, NV0954.9%
      Winchester, NV36,302955.1%
      Sunrise Manor, NV198,187982.2%
      Whitney, NV44,4881011.0%
      Paradise, NV193,1501065.9%
      Enterprise, NV214,59111717.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Modesto, CA214,48512423.6%
      Richmond Hill, ON215,407n/a 
      Des Moines, IA215,408909.9%
      Tacoma, WA215,76612827.6%
      Fontana, CA212,70413535.1%
      Enterprise, NV214,59111717.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.