Cost Of Living in Lemmon Valley, NV

A+

15%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

45%

Housing NAT. AVG.

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	Lemmon Valley	Nevada	National
Cost of living	115	100	100
Goods & Services	99	92	100
Groceries	101	103	100
Health care	95	92	100
Housing	145	104	100
Transportation	122	117	100
Utilities	92	99	100

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Cost Of Living Quick Facts

The cost of living in Lemmon Valley is 15% higher than the Nevada average
The cost of living in Lemmon Valley is 15% higher than the national average
Lemmon Valley housing is 45% 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

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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	$75,299	$6,275	$1,757	$2,259
Renters	$48,462	$4,039	$1,131	$1,454

A good indicator of the general affordability of housing in Lemmon Valley, NV, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lemmon Valley, the median monthly income is $75,299 for those who own their own homes. Under the standard rule, that income level would allow for $1,757 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $48,462, per the median income in the area. That would allow for renters to spend up to $1,131 on monthly rental expenses.

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	Lemmon Valley	National avg.	Difference
Haircut	$25.78	$24.26	6.2%
Beauty Salon	$42.67	$45.56	6.4%
Toothpaste	$3.72	$3.70	0.4%
Shampoo	$1.37	$1.28	6.7%
Movie	$11.00	$12.13	9.3%
Bowling	$21.95	$18.00	21.9%

Groceries

Item	Lemmon Valley	National avg.	Difference
Ground Beef	$5.87	$5.84	0.5%
Fried Chicken	$1.87	$1.57	18.7%
Milk	$4.60	$4.67	1.6%
Potatoes	$4.57	$4.93	7.4%
Pizza	$12.67	$12.09	4.9%
Beer	$9.41	$10.41	9.6%

Health Care

Item	Lemmon Valley	National avg.	Difference
Optometrist	$115.11	$125.68	8.4%
Doctor	$129.11	$135.78	4.9%
Dentist	$118.11	$113.29	4.3%
Ibuprofen	$10.85	$10.65	1.8%
Lipitor	$349.59	$468.60	25.4%

Housing

Item	Lemmon Valley	National avg.	Difference
Home Price	$268,300.00	$184,700.00	45.3%
Avg. Mortgage Payment	$2,701.18	$2,346.69	15.1%
Apartment Rent	$1,367.00	$949.00	44.0%

Transportation

Item	Lemmon Valley	National avg.	Difference
Gasoline	$4.40	$3.46	27.1%
Tire Balancing	$66.55	$59.92	11.1%

Utilities

Item	Lemmon Valley	National avg.	Difference
All Electricity	$171.07	$193.99	11.8%
Phone	$185.80	$192.25	3.4%

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.
Sun Valley, NV	21,179	102	2.1%
Cold Springs, NV	10,704	117	17.3%
Sparks, NV	102,895	120	19.7%
Reno, NV	250,903	123	22.6%
Spanish Springs, NV	15,820	134	33.6%
Lemmon Valley, NV	5,183	115	14.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Whitfield, PA	5,183	108	8.1%
Tyrone, PA	5,182	89	11.5%
Carlyss, LA	5,185	88	12.4%
Moyock, NC	5,180	118	17.8%
Glendale, CO	5,186	114	13.9%
Lemmon Valley, NV	5,183	115	14.6%