Spring Valley 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.
IndexSpring Valley VillageTexasNational
Cost of living index15291100
IndexSpring Valley VillageTexasNational
Goods & Services index10197100
Groceries index8690100
Health care index9196100
Housing index28781100
Transportation index8995100
Utilities index9494100
Here we can see a simple outline of the cost of living in Spring Valley Village, TX. As you can see, with the average cost of living in Spring Valley Village, TX being 152, that puts it 68% higher than the average of Texas and 52% 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 Spring Valley Village, TX, the price of goods and services are 3% higher than the average of Texas as well as 1% higher than the nation's average.

Did you know?

  • The cost of living in Spring Valley Village is 68% higher than the Texas average.
  • The cost of living in Spring Valley Village is 52% higher than the national average.
  • The cost of housing in Spring Valley Village is 187% higher than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Compare Spring Valley Village, TX 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
The salary calculator is meant to help you compare your salary in Spring Valley Village, TX to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Spring Valley Village, TX, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Spring Valley Village, TX salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$173,409$14,451$4,046$5,203
Renters$170,172$14,181$3,970$5,106
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Spring Valley Village, TX 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 Spring Valley Village, TX homeowners, is $173,409. This would allow for a maximum of $4,046 per month to be spent on housing costs. For renters, the median monthly income is $170,172 which would result in a maximum of $3,970 to be spent on rental costs.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
The Texas sales tax and Texas income tax rates should definitely be considered when determining the overall cost of living in Spring Valley Village, TX. 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 Texas sales tax is 6.25% and the maximum surtax is 8.25%. 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 Texas income tax rates range from 0% to 0%.

Goods & Services

ItemSpring Valley VillageNational avg.Difference
Haircut $15.70$14.597.6%
Beauty Salon $50.70$34.6846.2%
Toothpaste $2.05$2.4717.1%
Shampoo $0.83$1.0218.8%
Movie $10.14$9.872.8%
Bowling $5.35$4.3921.8%

Groceries

ItemSpring Valley VillageNational avg.Difference
Ground Beef $4.78$4.486.8%
Fried Chicken $1.22$1.4616.7%
Milk $1.69$2.3628.3%
Potatoes $2.51$3.0618.0%
Pizza $8.69$9.246.0%
Beer $8.88$8.632.9%

Health Care

ItemSpring Valley VillageNational avg.Difference
Optometrist $91.56$99.788.2%
Doctor $78.68$105.0325.1%
Dentist $85.89$88.703.2%
Ibuprofen $7.98$9.4115.2%
Lipitor $306.58$298.502.7%

Housing

ItemSpring Valley VillageNational avg.Difference
Home Price $555,800.00$175,700.00216.3%
Avg. Mortgage Payment $1,037.88$1,081.034.0%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemSpring Valley VillageNational avg.Difference
Gasoline $1.94$2.097.1%
Tire Balancing $35.44$45.2921.7%

Utilities

ItemSpring Valley VillageNational avg.Difference
All Electricity$144.44$170.8015.4%
Phone $30.15$28.266.7%
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.
Fifth Street, TX2,36275-25%
Aldine, TX15,37583-17%
Humble, TX15,40287-13%
Houston, TX2,167,98890-10%
Mission Bend, TX37,11093-7%
Spring Valley Village, TX3,93815252%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Westway, TX3,93879-21%
Helena Valley Northwest, MT3,9391088%
Woodmore, MD3,94014343%
Columbus, MN3,94011414%
Adel, IA3,94089-11%
Spring Valley Village, TX3,93815252%
Source: The Spring Valley Village, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.