Cost of Living in Spring valley, NY
Spring valley cost of living index: 147.9 (above the US average). Median home price: $949,000.
Updated 2026 • Based on 1 local zip code
📍 Some data sourced from nearby metro area
47% above the national average
Housing
Data from 1 zip code
Housing costs in Spring valley, NY based on real market data from 1 local zip code.
Considering a move to Spring valley, NY? The housing index stands at 165.5, indicating a higher cost of living compared to national averages. The median home price is 949000.0, reflecting a competitive market. Renting options also show substantial expenses, with average rents for a 2-bedroom apartment at 2600.0 and for a house at . While the appeal of local amenities and lifestyle may justify these costs, buyers or renters should ensure their budget and lifestyle goals align with such expenses, particularly in today's market dynamics.
Last updated: January 2026
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
Living in Spring valley, NY could entail variable utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet. Expect to budget about $125.9 monthly for other services like water and garbage.
Cost Breakdown by Category
Local Income & Economy in Spring valley, NY
How far does your money go in Spring valley? Understanding the relationship between income and cost of living is key to evaluating affordability.
How We Calculate Adjusted Purchasing Power in Spring valley
The adjusted purchasing power shows what a Spring valley, NY household income is actually worth after accounting for local prices. We calculate it using the formula: Purchasing Power = Median Income ÷ Cost of Living Index × 100
For Spring valley, that's $50,749 ÷ 147.9 × 100 = $34,313. This means a household earning the median income in Spring valley has the equivalent buying power of $34,313 in a city where the cost of living index equals the national baseline of 100.
With a cost of living index of 147.9, Spring valley is significantly more expensive than the national average. Despite a median income of $50,749, the high cost of housing, groceries, and everyday expenses reduces real purchasing power to $34,313. If you're planning to move to Spring valley, budgeting carefully for rent and housing costs is essential. Households relocating from lower-cost areas should expect to spend more on basic necessities.
With a median home price of $949,000, housing affordability in Spring valley is a significant factor. Prospective homebuyers should consider that mortgage payments, property taxes, and insurance in Spring valley, NY will consume a larger share of household income compared to cities with a lower cost of living index.
💡 Purchasing power is calculated by dividing the local median household income by the cost of living index and multiplying by 100. A result higher than the nominal income means your money goes further; a lower result means local prices erode your earnings. The US baseline cost of living index is 100.
Pros & Cons of Living in Spring valley
Pros
- • Variety of kids activities
- • Friendly community atmosphere
- • Diverse community population
- • Proximity to NYC for nightlife
- • Convenient public transport
- • Low crime rate reported
- • Access to nearby parks
- • Affordable housing options
- • Job market improving slowly
- • Good school options available
Cons
- • Limited job opportunities
- • Traffic congestion issues
- • Limited nightlife options
- • Social services are inadequate
- • Political polarization evident
- • Weather can be too cold
- • Higher cost of living
- • High property taxes concern
- • Public schools mixed reviews
- • Some racial tension noted
💡City Insights
Spring valley scores 1/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an challenging overall profile. However, affordability is a weaker area that prospective residents should consider carefully.
Frequently Asked Questions
What is the cost of living in Spring valley, NY? ▼
The cost of living in Spring valley, NY is 48% higher than the national average, with a cost of living index of 148 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Spring valley, NY? ▼
In Spring valley, NY, The median home price is $949,000. requiring approximately $246,214 annual income to afford. Average rent is $2,600/month (requiring ~$104,000/year income). The local median household income is $50,749, making homeownership challenging for typical residents. Explore Spring valley real estate data →
Is Spring valley, NY a safe place to live? ▼
Spring valley, NY is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Spring valley crime statistics →
What salary do you need to live comfortably in Spring valley, NY? ▼
To live comfortably in Spring valley, NY and afford a median-priced home of $949,000, you would typically need a household income of $237,250 to $296,562 per year. The local median household income is $50,749. Renting requires approximately $104,000/year (at $2,600/month). See full affordability analysis →
What are the best neighborhoods in Spring valley, NY? ▼
The best neighborhoods in Spring valley, NY depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods farther from the city center tend to offer more affordable options.
How are the taxes in Spring valley, NY? ▼
Tax rates in Spring valley, NY include state and local components. The cost of living index of 148 indicates a higher cost environment compared to the national average. View detailed Spring valley tax information →
How does Spring valley, NY compare to nearby cities? ▼
Spring valley, NY offers comparable costs to nearby communities. With a cost of living index of 148, median home prices of $949,000, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Spring valley, NY? ▼
Weather in Spring valley, NY varies by season. Climate data varies by season. View detailed Spring valley climate & environment data →
What factors affect cost of living in Spring valley, NY? ▼
The main factors affecting cost of living in Spring valley, NY include housing costs (the biggest factor), utilities, groceries, transportation, and healthcare. Local taxes and the overall economic conditions also play a role.
Housing Costs by Zip Code
Detailed housing data across 1 zip code in Spring valley, NY.
| Zip Code | Median Home Price | Avg Rent | 2BR Rent | For Sale | For Rent |
|---|---|---|---|---|---|
| 10977 | $949,000 | $3,572/mo | $2,600/mo | 107 | 9 |
Explore More About Spring valley, NY
📅 Last Updated: January 2026
Sources: U.S. Census Bureau (ACS), Bureau of Labor Statistics, Council for Community and Economic Research (C2ER), Zillow, Redfin