Spring Valley Lake, California Cost Of Living

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Overall 19%

Goods & Services 10%

Housing 40%

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 Valley Lake	California	National
Cost of living	119	140	100
Goods & Services	110	109	100
Groceries	112	112	100
Health care	102	109	100
Housing	140	196	100
Transportation	132	132	100
Utilities	89	127	100

Key findings

The cost of living in Spring Valley Lake is 15% lower than the California average
The cost of living in Spring Valley Lake is 19% higher than the national average
Spring Valley Lake housing is 40% higher than the national average
California general sales tax is 42% higher than the national average
California state income tax is 59% 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	$90,729	$7,561	$2,117	$2,722
Renters	$64,554	$5,380	$1,506	$1,937

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Spring Valley Lake, CA, 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 Lake homeowners, is $90,729. This would allow for a maximum of $2,117 per month to be spent on housing costs. For renters, the median monthly income is $64,554 which would result in a maximum of $1,506 to be spent on rental costs.

California Sales Tax

State	General Sales Tax	With Max Surtax
California	7.25%	10.5%

California Income Tax

State	Income Tax (Low)	Income Tax (High)
California	1%	13.3%

Goods & Services

Item	Spring Valley Lake	National avg.	Difference
Haircut	$24.92	$20.27	22.9%
Beauty Salon	$59.67	$40.39	47.7%
Toothpaste	$2.16	$2.36	8.3%
Shampoo	$1.33	$1.08	23.3%
Movie	$14.78	$10.99	34.6%
Bowling	$21.11	$15.49	36.3%

Groceries

Item	Spring Valley Lake	National avg.	Difference
Ground Beef	$4.41	$4.30	2.5%
Fried Chicken	$1.79	$1.40	28.2%
Milk	$2.30	$2.20	4.4%
Potatoes	$2.99	$3.22	7.1%
Pizza	$11.99	$10.74	11.6%
Beer	$9.93	$9.60	3.5%

Health Care

Item	Spring Valley Lake	National avg.	Difference
Optometrist	$105.28	$109.73	4.0%
Doctor	$95.00	$118.34	19.7%
Dentist	$114.80	$100.94	13.7%
Ibuprofen	$11.49	$9.93	15.7%
Lipitor	$487.47	$469.53	3.8%

Housing

Item	Spring Valley Lake	National avg.	Difference
Home Price	$246,100.00	$184,700.00	33.2%
Avg. Mortgage Payment	$3,443.41	$1,229.62	180.0%
Apartment Rent	$1,469.00	$949.00	54.8%

Transportation

Item	Spring Valley Lake	National avg.	Difference
Gasoline	$3.94	$2.71	45.3%
Tire Balancing	$57.17	$51.86	10.2%

Utilities

Item	Spring Valley Lake	National avg.	Difference
All Electricity	$146.77	$170.84	14.1%
Phone	$174.14	$187.18	7.0%

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.
Adelanto, CA	32,311	101	1.4%
Mountain View Acres, CA	3,583	105	5.0%
Victorville, CA	121,320	106	5.9%
Hesperia, CA	92,664	107	6.7%
Apple Valley, CA	71,455	108	8.0%
Spring Valley Lake, CA	7,710	119	18.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Brevard, NC	7,710	100	0.1%
Orosi, CA	7,711	100	0.4%
Ripon, WI	7,712	92	7.8%
Innsbrook, VA	7,707	114	14.1%
Dunbar, WV	7,714	84	16.4%
Spring Valley Lake, CA	7,710	119	18.8%

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