Incline Village cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexIncline VillageNevadaNational
Cost of living index184105100
IndexIncline VillageNevadaNational
Goods & Services index115110100
Groceries index133111100
Health care index120103100
Housing index31699100
Transportation index154111100
Utilities index13694100
An overview of the general cost of living index for Incline Village, NV is displayed above for your reference. Residents in Incline Village, NV enjoy a cost of living index of 184. This index is 75% higher than the Nevada average, and 84% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Incline Village, NV, the average cost of goods and services is 5% higher than it is in Nevada, and it is 15% higher than the national average.

Did you know?

  • The cost of living in Incline Village is 75% higher than the Nevada average.
  • The cost of living in Incline Village is 84% higher than the national average.
  • The cost of housing in Incline Village is 216% higher than the national average.
  • Nevada general sales tax is 35% higher than the national average.
  • Nevada state income tax is 100% lower than the national average.

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Compare Incline Village, NV Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Incline Village, NV to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Incline Village, NV, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Incline Village, NV salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$86,393$7,199$2,016$2,592
Renters$46,267$3,856$1,079$1,388
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Incline Village, 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 Incline Village, NV homeowners, is $86,393. This would allow for a maximum of $2,016 per month to be spent on housing costs. For renters, the median monthly income is $46,267 which would result in a maximum of $1,079 to be spent on rental costs.

Nevada Sales Tax

StateGeneral Sales TaxWith Max Surtax
Nevada6.85%8.1%

Nevada Income Tax

StateIncome Tax (Low)Income Tax (High)
Nevada0%0%
The Nevada sales tax and Nevada income tax rates should definitely be considered when determining the overall cost of living in Incline Village, NV. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Nevada sales tax is 6.85% and the maximum surtax is 8.1%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Nevada income tax rates range from 0% to 0%.

Goods & Services

ItemIncline VillageNational avg.Difference
Haircut $16.00$14.599.6%
Beauty Salon $50.00$34.6844.2%
Toothpaste $3.79$2.4753.2%
Shampoo $1.32$1.0229.2%
Movie $11.00$9.8711.5%
Bowling $2.88$4.3934.4%

Groceries

ItemIncline VillageNational avg.Difference
Ground Beef $5.12$4.4814.4%
Fried Chicken $1.84$1.4625.7%
Milk $2.77$2.3617.5%
Potatoes $3.87$3.0626.4%
Pizza $15.99$9.2473.0%
Beer $9.24$8.637.0%

Health Care

ItemIncline VillageNational avg.Difference
Optometrist $120.00$99.7820.3%
Doctor $111.81$105.036.5%
Dentist $121.33$88.7036.8%
Ibuprofen $11.87$9.4126.1%
Lipitor $320.00$298.507.2%

Housing

ItemIncline VillageNational avg.Difference
Home Price $680,600.00$175,700.00287.4%
Avg. Mortgage Payment $2,907.43$1,081.03169.0%
Apartment Rent $1,376.00$920.0049.6%

Transportation

ItemIncline VillageNational avg.Difference
Gasoline $3.60$2.0972.1%
Tire Balancing $46.00$45.291.6%

Utilities

ItemIncline VillageNational avg.Difference
All Electricity$252.17$170.8047.6%
Phone $33.50$28.2618.6%
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, StatePopulationCost of Living IndexNational Avg.
Logan Creek, NV381077%
Carson City, NV54,63411919%
Indian Hills, NV6,00712424%
Floriston, CA5812626%
Washoe Valley, NV3,43411616%
Incline Village, NV8,38918484%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Orrville, OH8,38991-9%
Pebble Creek, FL8,3881066%
South Kensington, MD8,38716767%
West Long Branch, NJ8,39115454%
Westlake Village, CA8,39318585%
Incline Village, NV8,38918484%
Source: The Incline Village, NV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.