Paradise Valley, Nevada Cost Of Living

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C

Overall 1%

Goods & Services 3%

Housing 100%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Paradise Valley	Nevada	National
Cost of living	99	102	100
Goods & Services	103	97	100
Groceries	94	107	100
Health care	103	101	100
Housing	n/a	104	100
Transportation	111	119	100
Utilities	82	88	100

Key findings

The cost of living in Paradise Valley is 3% lower than the Nevada average
The cost of living in Paradise Valley is 1% lower than the national average
Paradise Valley housing is 11% 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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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	$36,004	$3,000	$840	$1,080
Renters	$0	$0	$0	$0

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	Paradise Valley	National avg.	Difference
Haircut	$22.33	$20.27	10.1%
Beauty Salon	$36.66	$40.39	9.2%
Toothpaste	$2.39	$2.36	1.2%
Shampoo	$0.98	$1.08	9.3%
Movie	$10.20	$10.99	7.2%
Bowling	$18.83	$15.49	21.6%

Groceries

Item	Paradise Valley	National avg.	Difference
Ground Beef	$3.93	$4.30	8.5%
Fried Chicken	$1.55	$1.40	11.0%
Milk	$1.90	$2.20	13.7%
Potatoes	$2.18	$3.22	32.2%
Pizza	$9.57	$10.74	10.9%
Beer	$9.80	$9.60	2.1%

Health Care

Item	Paradise Valley	National avg.	Difference
Optometrist	$134.62	$109.73	22.7%
Doctor	$138.86	$118.34	17.3%
Dentist	$88.67	$100.94	12.2%
Ibuprofen	$10.04	$9.93	1.1%
Lipitor	$475.65	$469.53	1.3%

Housing

Item	Paradise Valley	National avg.	Difference
Home Price	$0.00	$184,700.00	100.0%
Avg. Mortgage Payment	$1,345.59	$1,229.62	9.4%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Paradise Valley	National avg.	Difference
Gasoline	$3.04	$2.71	12.1%
Tire Balancing	$57.30	$51.86	10.5%

Utilities

Item	Paradise Valley	National avg.	Difference
All Electricity	$127.16	$170.84	25.6%
Phone	$173.61	$187.18	7.2%

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.
Orovada, NV	208	99	0.6%
Paradise Valley, NV	171	99	0.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Venetie, AK	171	109	8.5%
Ethelsville, AL	171	73	27.2%
Camptonville, CA	171	104	4.3%
Southern Ute, CO	171	105	4.7%
Mitchell, IA	171	84	16.5%
Paradise Valley, NV	171	99	0.6%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.