Winchester 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.
IndexWinchesterNevadaNational
Cost of living index97105100
IndexWinchesterNevadaNational
Goods & Services index108110100
Groceries index113111100
Health care index106103100
Housing index7399100
Transportation index116111100
Utilities index9294100
An overview of the general cost of living index for Winchester, NV is displayed above for your reference. Residents in Winchester, NV enjoy a cost of living index of 97. This index is 7% lower than the Nevada average, and 3% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Winchester, NV, the average cost of goods and services is 2% lower than it is in Nevada, and it is 8% higher than the national average.

Did you know?

  • The cost of living in Winchester is 7% lower than the Nevada average.
  • The cost of living in Winchester is 3% lower than the national average.
  • The cost of housing in Winchester is 27% lower 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 Winchester, NV Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Winchester, NV to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Winchester, NV, you have to earn a higher income in order to still have the same standard of living. To operate the Winchester, NV salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,713$4,143$1,160$1,492
Renters$32,893$2,741$767$987
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Winchester, NV, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Winchester, NV has a median income of about $49,713 for people who own homes. Based on that number, a person should spend a maximum of $1,160 on expenses related to housing. Renters have a slightly different median income, which is $32,893. Based on this average, renters should spend no more than $767 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Nevada Sales Tax

StateGeneral Sales TaxWith Max Surtax
Nevada6.85%8.1%

Nevada Income Tax

StateIncome Tax (Low)Income Tax (High)
Nevada0%0%
The Nevada sales tax and Nevada income tax rates should definitely be considered when determining the overall cost of living in Winchester, NV. 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 Nevada sales tax is 6.85% and the maximum surtax is 8.1%. 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 Nevada income tax rates range from 0% to 0%.

Goods & Services

ItemWinchesterNational 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

ItemWinchesterNational 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

ItemWinchesterNational 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

ItemWinchesterNational avg.Difference
Home Price $112,800.00$175,700.0035.8%
Avg. Mortgage Payment $1,210.98$1,081.0312.0%
Apartment Rent $851.00$920.007.5%

Transportation

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

Utilities

ItemWinchesterNational 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.
Nellis AFB, NV3,62095-5%
Sunrise Manor, NV187,64795-5%
Whitney, NV39,45898-2%
Paradise, NV223,1821022%
North Las Vegas, NV223,3361033%
Winchester, NV28,11197-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oak Forest, IL28,1041022%
Wheeling, WV28,12989-11%
Crofton, MD28,14013333%
Shaker Heights, OH28,0711088%
Savage, MN28,05511313%
Winchester, NV28,11197-3%
Source: The Winchester, NV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.