B
21%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
65%
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 Gardnerville Ranchos Nevada National
Cost of living121100100
Goods & Services9992100
Groceries101103100
Health care9592100
Housing165104100
Transportation122117100
Utilities9299100

An Overview of Cost of Living in Gardnerville Ranchos, NV

Understanding the cost of living in Gardnerville Ranchos can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Gardnerville Ranchos cost of living index is 121, which is 21% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

If you value affordability in your search for a new place to live, Gardnerville Ranchos may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Gardnerville Ranchos falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs are a major factor in the Gardnerville Ranchos 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 65.1% 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 Gardnerville Ranchos Affordable?

Is Gardnerville Ranchos an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Gardnerville Ranchos is 88% higher than the national average, while the average monthly rent prices are 11.6% higher than average. The affordability of any location can also be influenced by median income levels. Gardnerville Ranchos has a median household income of $63,497, which is 14.8% higher than the national average.

What Factors can Influence the Cost of Living in Gardnerville Ranchos?

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.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Gardnerville Ranchos, the groceries index registers 0.8% higher than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Gardnerville Ranchos, the healthcare costs are 5.3% lower than the national average.

Where is the Data From?

The cost of living in Gardnerville Ranchos, 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 Gardnerville Ranchos is 21% higher than the Nevada average
  • The cost of living in Gardnerville Ranchos is 21% higher than the national average
  • Gardnerville Ranchos housing is 65% 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 Gardnerville Ranchos

See all the best places to live around Gardnerville Ranchos

Compare Gardnerville Ranchos, 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$75,078$6,257$1,752$2,253
      Renters$47,640$3,970$1,112$1,429
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Gardnerville Ranchos, NV, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Gardnerville Ranchos, homeowners have a median income of $75,078. Using that number, a maximum of $1,752 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $47,640, which means there is a maximum of $1,112 to be spent on the costs of renting a home or apartment.

      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 Gardnerville Ranchos 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 Gardnerville Ranchos 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 Gardnerville Ranchos 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 Gardnerville Ranchos National avg. Difference
      Home Price $347,300.00$184,700.0088.0%
      Avg. Mortgage Payment $2,701.18$2,346.6915.1%
      Apartment Rent $1,059.00$949.0011.6%

      Transportation

      Item Gardnerville Ranchos National avg. Difference
      Gasoline $4.40$3.4627.1%
      Tire Balancing $66.55$59.9211.1%

      Utilities

      Item Gardnerville Ranchos 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.
      Logan Creek, NV371021.5%
      Topaz Ranch Estates, NV1,6221033.4%
      Carter Springs, NV4131087.8%
      Gardnerville, NV6,01311717.4%
      Indian Hills, NV6,17312222.1%
      Gardnerville Ranchos, NV11,43212120.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Manvel, TX11,4321088.4%
      Signal Hill, CA11,43015656.2%
      Pontiac, IL11,4309010.1%
      Urbana, OH11,4288911.3%
      Selkirk, MB11,428n/a 
      Gardnerville Ranchos, NV11,43212120.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.