Spanish Springs 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.
IndexSpanish SpringsNevadaNational
Cost of living index117105100
IndexSpanish SpringsNevadaNational
Goods & Services index112110100
Groceries index110111100
Health care index101103100
Housing index13999100
Transportation index106111100
Utilities index9694100
Here we can see a simple outline of the cost of living in Spanish Springs, NV. As you can see, with the average cost of living in Spanish Springs, NV being 117, that puts it 12% higher than the average of Nevada and 17% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Spanish Springs, NV, the price of goods and services are 2% higher than the average of Nevada as well as 12% higher than the nation's average.

Did you know?

  • The cost of living in Spanish Springs is 12% higher than the Nevada average.
  • The cost of living in Spanish Springs is 17% higher than the national average.
  • The cost of housing in Spanish Springs is 39% 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 Spanish Springs, NV Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Spanish Springs, 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 Spanish Springs, NV, then you would need to earn more income in order to maintain the same standard of living. To use the Spanish Springs, 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$79,992$6,666$1,866$2,400
Renters$60,365$5,030$1,408$1,811
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Spanish Springs, 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 Spanish Springs, NV homeowners, is $79,992. This would allow for a maximum of $1,866 per month to be spent on housing costs. For renters, the median monthly income is $60,365 which would result in a maximum of $1,408 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%
For those who live in Spanish Springs, NV and want to know what the true cost of living is, they ought to look at both the Nevada income tax rate and the Nevada sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Nevada, the sales tax is 6.85%, while the most you'll pay in surtax is 8.1%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Nevada, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemSpanish SpringsNational avg.Difference
Haircut $15.79$14.598.2%
Beauty Salon $31.39$34.689.5%
Toothpaste $2.76$2.4711.6%
Shampoo $1.16$1.0213.5%
Movie $9.50$9.873.7%
Bowling $5.83$4.3932.7%

Groceries

ItemSpanish SpringsNational avg.Difference
Ground Beef $4.10$4.488.4%
Fried Chicken $1.63$1.4611.3%
Milk $2.47$2.364.8%
Potatoes $1.98$3.0635.3%
Pizza $9.00$9.242.6%
Beer $8.12$8.635.9%

Health Care

ItemSpanish SpringsNational avg.Difference
Optometrist $110.67$99.7810.9%
Doctor $99.00$105.035.7%
Dentist $89.50$88.700.9%
Ibuprofen $10.92$9.4116.0%
Lipitor $302.87$298.501.5%

Housing

ItemSpanish SpringsNational avg.Difference
Home Price $228,300.00$175,700.0029.9%
Avg. Mortgage Payment $933.63$1,081.0313.6%
Apartment Rent $1,481.00$920.0061.0%

Transportation

ItemSpanish SpringsNational avg.Difference
Gasoline $2.25$2.097.6%
Tire Balancing $46.00$45.291.6%

Utilities

ItemSpanish SpringsNational avg.Difference
All Electricity$162.55$170.804.8%
Phone $27.60$28.262.3%
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.
Sun Valley, NV18,77896-4%
Lemmon Valley, NV5,5851000%
Cold Springs, NV8,6061033%
Sparks, NV92,2361066%
Reno, NV231,1031088%
Spanish Springs, NV15,32211717%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Henderson, NC15,32588-12%
Altoona, IA15,31791-9%
Leland, NC15,3161055%
Hereford, TX15,33080-20%
Kenmore, NY15,33485-15%
Spanish Springs, NV15,32211717%
Source: The Spanish Springs, NV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.