Cost of Living in Spring Valley Village, TX

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F
94%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
318%
Housing NAT. AVG.
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 Valley Village Texas National
Cost of living19492100
Goods & Services10196100
Groceries9895100
Health care9697100
Housing41883100
Transportation9692100
Utilities91102100
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Homes For Sale In Spring Valley Village, TX

property for sale

8913 Bace Dr

Houston, TX
property for sale

8710 Burkhart Rd

Houston, TX
property for sale

1026 Traweek St

Houston, TX
property for sale

8810 Echo Valley Dr

Houston, TX

Cost Of Living Quick Facts

  • The cost of living in Spring Valley Village is 110% higher than the Texas average
  • The cost of living in Spring Valley Village is 94% higher than the national average
  • Spring Valley Village housing is 318% higher than the national average
  • Texas general sales tax is 22% higher than the national average
  • Texas state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Spring Valley Village

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Compare Spring Valley Village, TX 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$327,837$27,320$7,649$9,836
      Renters$0$0$0$0
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Spring Valley Village, TX, 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 Village homeowners, is $327,837. This would allow for a maximum of $7,649 per month to be spent on housing costs. For renters, the median monthly income is $0 which would result in a maximum of $0 to be spent on rental costs.

      Texas Sales Tax

      State General Sales Tax With Max Surtax
      Texas 6.25% 8.25%

      Texas Income Tax

      State Income Tax (Low) Income Tax (High)
      Texas 0% 0%

      Goods & Services

      Item Spring Valley Village National avg. Difference
      Haircut $26.93$27.622.5%
      Beauty Salon $66.13$51.1129.4%
      Toothpaste $4.18$4.092.1%
      Shampoo $1.52$1.541.4%
      Movie $12.48$12.883.1%
      Yoga $23.47$19.6619.4%

      Groceries

      Item Spring Valley Village National avg. Difference
      Ground Beef $7.30$7.705.3%
      Fried Chicken $1.66$1.660.1%
      Milk $4.60$4.732.8%
      Potatoes $5.45$5.263.7%
      Pizza $12.36$12.763.2%
      Beer $10.84$10.552.8%

      Health Care

      Item Spring Valley Village National avg. Difference
      Optometrist $184.55$140.0631.8%
      Doctor $105.70$153.8231.3%
      Dentist $149.33$123.1521.3%
      Ibuprofen $11.68$11.730.4%
      Lipitor $16.38$23.6130.6%

      Housing

      Item Spring Valley Village National avg. Difference
      Home Price $1,552,042.00$326,622.00375.2%
      Avg. Mortgage Payment $1,950.49$2,480.2521.4%
      Apartment Rent $4,133.00$1,444.00186.2%

      Transportation

      Item Spring Valley Village National avg. Difference
      Gasoline $2.68$3.0612.3%
      Tire Balancing $75.02$65.2115.0%

      Utilities

      Item Spring Valley Village National avg. Difference
      All Electricity $185.39$220.1215.8%
      Phone $201.96$195.713.2%
      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.
      Fifth Street, TX2,2568118.9%
      Aldine, TX16,7378812.0%
      Humble, TX16,302937.1%
      Brookside Village, TX1,460990.9%
      Houston, TX2,385,2981000.1%
      Spring Valley Village, TX4,39819494.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mountain Lakes, NJ4,39818181.1%
      Pantops, VA4,39612323.1%
      Chinle, AZ4,4008218.5%
      Magnolia, NJ4,4001033.4%
      Plymouth, NH4,3951076.8%
      Spring Valley Village, TX4,39819494.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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