Cost of Living in Spring Valley, AZ

With a cost of living index of 60, Spring Valley, AZ is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 29% below the Arizona state average of 89. Spring Valley is a small community of 1,610 residents.

Housing costs are the biggest factor in Spring Valley's cost of living. The median monthly rent is $428 (68% below the US median of $1,319), and the median home value sits at $168,400 (45% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Spring Valley is $42,721, which is 43% lower than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Prescott Valley-Prescott, AZ (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.