Sparks, NV Cost Of Living
Cost Of Living In Sparks, NV Summary
Cost of living in Sparks research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sparks is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Nevada, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sparks is 106, with 100 being the average.
The cost of living index in Sparks is 1.1x higher than the national average.
Sparks ranks as the #22 cheapest in Nevada out of 33.
Sparks ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Sparks is $351,100.
The median income in Sparks is $73,678.
Table Of Contents
Sparks's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Sparks, NV?
According to the most recent data on the cost of living, Sparks has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Nevada, Sparks has a cost of living index that's 1.0x higher than Nevada's index of 101.
The standard of living in Sparks ranks as #22 most affordable out of the 33 places we measured in Nevada. By definition, that implies Sparks ranks as the #11 most expensive place in the Silver State.
For more reading on life in Sparks, check out:
- Living In Sparks
- Sparks Crime Report
- Search Homes For Sale In Sparks, NV
In Nevada
In America
Sparks Cost Of Living Vs. Nevada
Six factors go into calculating the cost of living index in Sparks. Here is how it fairs on each of the criteria:
The Services index in Sparks is 105.
The Groceries index in Sparks is 113.
The Health index in Sparks is 112.
The Housing index in Sparks is 111.
The Transportation index in Sparks is 130.
The Utilities index in Sparks is 83.
| Living Expense | Sparks | Nevada | National Average | |
|---|---|---|---|---|
| Overall | 106 | 101 | 100 | |
| Services | 105 | 91 | 100 | |
| Groceries | 113 | 103 | 100 | |
| Health | 112 | 93 | 100 | |
| Housing | 111 | 111 | 100 | |
| Transportation | 130 | 114 | 100 | |
| Utilities | 83 | 97 | 100 | |
Sparks, NV Housing Cost Breakdown
Housing swings affordability the most between places in Nevada, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Sparks is $351,100.
The Median Rent in Sparks is $1,329.
The Median Income in Sparks is $73,678.
The Home Value To Income in Sparks is 4.8x.
The Rent To Monthly Income in Sparks is 0.22x.
| Statistic | Sparks | Nevada | United States |
|---|---|---|---|
| Median Home Value | $351,100 | $315,900 | $244,900 |
| Median Rent | $1,329 | $1,238 | $1,163 |
| Median Income | $73,678 | $65,686 | $69,021 |
| Home Value To Income | 4.8x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.23x | 0.2x |
Median Home Value
Median Rent
Median Income
Sparks, NV Costs By Category
Detailed Sparks Services Costs Vs. Nevada
Detailed Sparks Groceries Costs Vs. Nevada
Detailed Sparks Health Costs Vs. Nevada
Detailed Sparks Transportation Costs Vs. Nevada
Detailed Sparks Utilities Costs Vs. Nevada
Sparks SnackAbility
/10
Cost Of Living In Cities Around Sparks
The cost of living varies in the cities and towns around Sparks. Here's a quick look at the cost of living in the most populous nearby places:
Reno, NV has a cost of living index of 111, 1.0x Sparks.
Sun Valley, NV has a cost of living index of 100, 0.9x Sparks.
Spanish Springs, NV has a cost of living index of 118, 1.1x Sparks.
| City | Population | Cost Of Living | Vs. Sparks |
|---|---|---|---|
| Reno, NV | 259,913 | 111 | 1.0x |
| Sun Valley, NV | 22,622 | 100 | 0.9x |
| Spanish Springs, NV | 16,131 | 118 | 1.1x |
| Cold Springs, NV | 10,920 | 105 | 1.0x |
| Lemmon Valley, NV | 5,100 | 100 | 0.9x |
