Summerlin South 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.
IndexSummerlin SouthNevadaNational
Cost of living index131105100
IndexSummerlin SouthNevadaNational
Goods & Services index108110100
Groceries index113111100
Health care index106103100
Housing index18599100
Transportation index116111100
Utilities index9294100
A general summary of the cost of living index in Summerlin South, NV is shown above. Compared to the state average of Nevada the cost of living index in Summerlin South, NV is 131, which is 25% higher than the average in Nevada and compared to the national average it is 31% 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 Summerlin South, NV goods and services come in at 2% lower than the average in Nevada and are 8% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Summerlin South is 25% higher than the Nevada average.
  • The cost of living in Summerlin South is 31% higher than the national average.
  • The cost of housing in Summerlin South is 85% 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 Summerlin South, NV Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Summerlin South, NV 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 Summerlin South, NV, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Summerlin South, NV 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$104,452$8,704$2,437$3,134
Renters$69,175$5,765$1,614$2,075
The affordability of the housing market in Summerlin South, 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 Summerlin South, NV homeowners, the median income is $104,452. This indicates that a monthly maximum of $2,437 should be spent by homeowners on all housing related costs. Renters have a median income of $69,175. This indicates that renters should have a maximum of $1,614 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%
One thing to keep in mind when considering the cost of living in Summerlin South, NV is the Nevada sales tax and Nevada income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Nevada sales tax rate is 6.85% and the maximum surtax that can be charged is 8.1%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Nevada income tax rates range from 0% to 0%.

Goods & Services

ItemSummerlin SouthNational avg.Difference
Haircut $21.50$14.5947.3%
Beauty Salon $47.88$34.6838.1%
Toothpaste $3.12$2.4726.2%
Shampoo $1.05$1.022.7%
Movie $11.13$9.8712.8%
Bowling $3.53$4.3919.6%

Groceries

ItemSummerlin SouthNational avg.Difference
Ground Beef $3.96$4.4811.5%
Fried Chicken $1.69$1.4615.4%
Milk $2.18$2.367.5%
Potatoes $2.79$3.068.9%
Pizza $8.00$9.2413.4%
Beer $9.49$8.639.9%

Health Care

ItemSummerlin SouthNational avg.Difference
Optometrist $99.38$99.780.4%
Doctor $122.14$105.0316.3%
Dentist $93.57$88.705.5%
Ibuprofen $12.16$9.4129.2%
Lipitor $260.34$298.5012.8%

Housing

ItemSummerlin SouthNational avg.Difference
Home Price $340,700.00$175,700.0093.9%
Avg. Mortgage Payment $1,210.98$1,081.0312.0%
Apartment Rent $1,517.00$920.0064.9%

Transportation

ItemSummerlin SouthNational avg.Difference
Gasoline $2.38$2.0913.8%
Tire Balancing $55.00$45.2921.5%

Utilities

ItemSummerlin SouthNational avg.Difference
All Electricity$187.53$170.809.8%
Phone $18.80$28.2633.5%
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.
Sunrise Manor, NV187,64795-5%
Winchester, NV28,11197-3%
Paradise, NV223,1821022%
North Las Vegas, NV223,3361033%
Las Vegas, NV597,3531044%
Summerlin South, NV25,31513131%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Coral Terrace, FL25,31811515%
Citrus Park, FL25,3291000%
Troy, OH25,33493-7%
Collinsville, IL25,28292-8%
Ridgewood, NJ25,27017979%
Summerlin South, NV25,31513131%
Source: The Summerlin South, NV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.