B+
9%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
41%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Spring Creek Nevada National
Cost of living109100100
Goods & Services9692100
Groceries98103100
Health care9692100
Housing141104100
Transportation100117100
Utilities8799100

An Overview of Cost of Living in Spring Creek, NV

The cost of living in Spring Creek affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Spring Creek is 109, which is 9% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Spring Creek aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Spring Creek residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Housing costs are a major factor in the Spring Creek cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 40.8% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Spring Creek Affordable?

Is Spring Creek an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Spring Creek, the median home price is 38.7% higher than what most folks pay across the country, and monthly rent prices are 45.8% higher than the usual rates. Income levels in Spring Creek come in at $101,686, which is 83.8% higher than the national average.

What Factors can Influence the Cost of Living in Spring Creek?

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Spring Creek, the standard sales tax rate starts at 6.85%, and the income tax rates commence at 0%.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Spring Creek, healthcare costs are 4% lower than the national average.

Where is the Data From?

The cost of living in Spring Creek, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Spring Creek is 9% higher than the Nevada average
  • The cost of living in Spring Creek is 9% higher than the national average
  • Spring Creek housing is 41% higher than the national average
  • Nevada general sales tax is 34% higher than the national average
  • Nevada state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Spring Creek

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Compare Spring Creek, NV Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$102,404$8,534$2,389$3,072
      Renters$71,637$5,970$1,671$2,149
      A good indicator of the general affordability of housing in Spring Creek, NV, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Spring Creek, the median monthly income is $102,404 for those who own their own homes. Under the standard rule, that income level would allow for $2,389 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $71,637, per the median income in the area. That would allow for renters to spend up to $1,671 on monthly rental expenses.

      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 Spring Creek National avg. Difference
      Haircut $22.96$24.265.4%
      Beauty Salon $36.09$45.5620.8%
      Toothpaste $4.16$3.7012.4%
      Shampoo $1.04$1.2819.0%
      Movie $11.75$12.133.2%
      Bowling $12.32$18.0031.6%

      Groceries

      Item Spring Creek National avg. Difference
      Ground Beef $6.63$5.8413.5%
      Fried Chicken $1.36$1.5713.2%
      Milk $4.52$4.673.3%
      Potatoes $4.62$4.936.5%
      Pizza $10.57$12.0912.5%
      Beer $10.41$10.410.0%

      Health Care

      Item Spring Creek National avg. Difference
      Optometrist $130.57$125.683.9%
      Doctor $151.89$135.7811.9%
      Dentist $97.67$113.2913.8%
      Ibuprofen $10.36$10.652.7%
      Lipitor $409.05$468.6012.7%

      Housing

      Item Spring Creek National avg. Difference
      Home Price $256,200.00$184,700.0038.7%
      Avg. Mortgage Payment $1,859.77$2,346.6920.7%
      Apartment Rent $1,384.00$949.0045.8%

      Transportation

      Item Spring Creek National avg. Difference
      Gasoline $3.70$3.466.8%
      Tire Balancing $49.70$59.9217.0%

      Utilities

      Item Spring Creek National avg. Difference
      All Electricity $161.77$193.9916.6%
      Phone $177.84$192.257.5%
      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 Population Cost of Living Index National Avg.
      Lamoille, NV49954.6%
      Osino, NV628937.0%
      Elko, NV20,3961032.7%
      Spring Creek, NV14,5101099.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Alexander City, AL14,5158713.2%
      Fraser, MI14,503955.4%
      Paradise Valley, AZ14,502286186.4%
      Luling, LA14,5221033.0%
      Thonotosassa, FL14,493973.3%
      Spring Creek, NV14,5101099.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.