Cost of Living in Smith Valley, NV

With a cost of living index of 131, Smith Valley, NV is a notably expensive place to live. Living here is 31% more expensive than the national average and 22% above the Nevada state average of 109. Smith Valley is a small community of 1,618 residents.

The median household income in Smith Valley is $48,194, which is 36% lower than the national median of $75,149.

Climate is another factor for anyone considering a move to Smith Valley. The area sees an average annual temperature of 44.2°F, with summers averaging 59°F and winters around 31°F. Annual rainfall totals 20.5 inches spread over roughly 75 days.

Everyday prices in the Reno, NV (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.