Indian Hills 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.
IndexIndian HillsNevadaNational
Cost of living index124105100
IndexIndian HillsNevadaNational
Goods & Services index115110100
Groceries index133111100
Health care index120103100
Housing index11999100
Transportation index154111100
Utilities index13694100
A general summary of the cost of living index in Indian Hills, NV is shown above. Compared to the state average of Nevada the cost of living index in Indian Hills, NV is 124, which is 19% higher than the average in Nevada and compared to the national average it is 24% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Indian Hills, NV goods and services come in at 5% higher than the average in Nevada and are 15% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Indian Hills is 19% higher than the Nevada average.
  • The cost of living in Indian Hills is 24% higher than the national average.
  • The cost of housing in Indian Hills is 19% 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.

Find Real Estate Listings In Indian Hills

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Indian Hills

Compare Indian Hills, NV Cost of living To Other Cities

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
Use the salary calculator to compare your current salary in Indian Hills, NV to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Indian Hills, NV, then you would need to earn more income in order to maintain the same standard of living. To use the Indian Hills, NV salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$61,456$5,121$1,434$1,844
Renters$57,716$4,810$1,347$1,732
The affordability of the housing market in Indian Hills, NV as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Indian Hills, NV homeowners, the median income is $61,456. This indicates that a monthly maximum of $1,434 should be spent by homeowners on all housing related costs. Renters have a median income of $57,716. This indicates that renters should have a maximum of $1,347 used for their rent related monthly costs.

Nevada Sales Tax

StateGeneral Sales TaxWith Max Surtax
Nevada6.85%8.1%

Nevada Income Tax

StateIncome Tax (Low)Income Tax (High)
Nevada0%0%
When considering the overall cost of living expenses in Indian Hills, NV, it's important to take into account the sales tax for Nevada, as well as the rate for income tax in Nevada. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Nevada is 8.1%, and the sales tax in the state of Nevada is 6.85%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Nevada starts from 0% and goes up to 0%.

Goods & Services

ItemIndian HillsNational 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

ItemIndian HillsNational 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

ItemIndian HillsNational 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

ItemIndian HillsNational avg.Difference
Home Price $199,400.00$175,700.0013.5%
Avg. Mortgage Payment $2,907.43$1,081.03169.0%
Apartment Rent $1,210.00$920.0031.5%

Transportation

ItemIndian HillsNational avg.Difference
Gasoline $3.60$2.0972.1%
Tire Balancing $46.00$45.291.6%

Utilities

ItemIndian HillsNational 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%
Stateline, NV1,01711313%
Dayton, NV8,9721033%
Carson City, NV54,63411919%
Gardnerville Ranchos, NV11,04012323%
Indian Hills, NV6,00712424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brunswick, MD6,0061044%
Enoch, UT6,00690-10%
Sharon, MA6,01015050%
Ulysses, KS6,01085-15%
Pigeon Forge, TN6,00491-9%
Indian Hills, NV6,00712424%
Source: The Indian Hills, NV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.