Cost of Living in Spring Valley, IL

Get 300+ Local Insights for Any Address in Spring Valley, IL

Get Access to 300+ Local Data Points
A+
12%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
42%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Spring Valley Illinois National
Cost of living8898100
Groceries101100100
Health care99100100
Housing5895100
Transportation102101100
Utilities10099100
Lifestyle & Entertainment101100100
Household Items102100100
Education & Childcare96100100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Spring Valley, IL

property for sale

325 W 3rd St

Spring Valley, IL
property for sale

123 W Saint Paul St

Spring Valley, IL
property for sale

115 Northwestern St

Spring Valley, IL
property for sale

130 Ravine St

Spring Valley, IL

Cost Of Living Quick Facts

  • The cost of living in Spring Valley is 11% lower than the Illinois average
  • The cost of living in Spring Valley is 12% lower than the national average
  • Spring Valley housing is 42% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Spring Valley

See all the best places to live around Spring Valley

Compare Spring Valley, IL Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Spring Valley?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Spring Valley?
      Write a review to give others more information about this area.
      See all Spring Valley poll results

      The best places in Illinois

      Here are the best places to live in IllinoisMost Dangerous States In The USCheck out the 10 most dangerous cities in IllinoisSafest Cities In The US
      Best Places in Illinois

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$90,996$7,583$2,123$2,730
      Renters$42,262$3,522$986$1,268
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Spring Valley, IL, 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 homeowners, is $90,996. This would allow for a maximum of $2,123 per month to be spent on housing costs. For renters, the median monthly income is $42,262 which would result in a maximum of $986 to be spent on rental costs.

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hollowayville, IL591000.2%
      Leonore, IL1408118.9%
      Bureau Junction, IL2298217.8%
      De Pue, IL1,7868416.5%
      Standard, IL2908514.6%
      Spring Valley, IL5,3308812.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Yarmouth Port, MA5,33013938.8%
      Sterling, AK5,32912727.1%
      Bisbee, AZ5,328954.6%
      Turtle Creek, PA5,3288316.9%
      Kahnawake, QC5,328n/a 
      Spring Valley, IL5,3308812.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026