Spokane Valley, WA Cost Of Living
Cost Of Living In Spokane Valley, WA Summary
Cost of living in Spokane Valley 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 Spokane Valley is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Washington, 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 Spokane Valley is 102, with 100 being the average.
The cost of living index in Spokane Valley is 1.0x higher than the national average.
Spokane Valley ranks as the #23 cheapest in Washington out of 192.
Spokane Valley ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in Spokane Valley is $250,500.
The median income in Spokane Valley is $60,079.
Table Of Contents
Spokane Valley's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Spokane Valley, WA?
According to the most recent data on the cost of living, Spokane Valley has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Washington, Spokane Valley has a cost of living index that's 0.9x lower than Washington's index of 115.
The standard of living in Spokane Valley ranks as #23 most affordable out of the 192 places we measured in Washington. By definition, that implies Spokane Valley ranks as the #169 most expensive place in the Evergreen State.
For more reading on life in Spokane Valley, check out:
- Living In Spokane Valley
- Spokane Valley Crime Report
- Search Homes For Sale In Spokane Valley, WA
In Washington
In America
Spokane Valley Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Spokane Valley. Here is how it fairs on each of the criteria:
The Services index in Spokane Valley is 111.
The Groceries index in Spokane Valley is 99.
The Health index in Spokane Valley is 118.
The Housing index in Spokane Valley is 92.
The Transportation index in Spokane Valley is 111.
The Utilities index in Spokane Valley is 102.
| Living Expense | Spokane Valley | Washington | National Average | |
|---|---|---|---|---|
| Overall | 102 | 115 | 100 | |
| Services | 111 | 112 | 100 | |
| Groceries | 99 | 109 | 100 | |
| Health | 118 | 119 | 100 | |
| Housing | 92 | 129 | 100 | |
| Transportation | 111 | 116 | 100 | |
| Utilities | 102 | 90 | 100 | |
Spokane Valley, WA Housing Cost Breakdown
Housing swings affordability the most between places in Washington, 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 Spokane Valley is $250,500.
The Median Rent in Spokane Valley is $1,057.
The Median Income in Spokane Valley is $60,079.
The Home Value To Income in Spokane Valley is 4.2x.
The Rent To Monthly Income in Spokane Valley is 0.21x.
| Statistic | Spokane Valley | Washington | United States |
|---|---|---|---|
| Median Home Value | $250,500 | $397,600 | $244,900 |
| Median Rent | $1,057 | $1,439 | $1,163 |
| Median Income | $60,079 | $82,400 | $69,021 |
| Home Value To Income | 4.2x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Spokane Valley, WA Costs By Category
Detailed Spokane Valley Services Costs Vs. Washington
| Item | Spokane Valley | Washington |
|---|---|---|
| Shampoo | $1.17 | $1.06 |
| Movie | $13.73 | $10.68 |
| Bowling | $17.07 | $14.67 |
| Haircut | $21.08 | $18.62 |
| Beauty Salon | $33.17 | $39.05 |
Detailed Spokane Valley Groceries Costs Vs. Washington
| Item | Spokane Valley | Washington |
|---|---|---|
| Ground Beef | $4.02 | $4.22 |
| Fried Chicken | $1.36 | $1.39 |
| Milk | $2.07 | $2.05 |
| Potatoes | $2.82 | $3.29 |
| Pizza | $11.89 | $10.62 |
| Beer | $9.83 | $9.38 |
| Toothpaste | $2.49 | $2.34 |
Detailed Spokane Valley Health Costs Vs. Washington
| Item | Spokane Valley | Washington |
|---|---|---|
| Optometrist | $149.56 | $108.57 |
| Doctor | $153.04 | $116.17 |
| Dentist | $113.0 | $99.13 |
Detailed Spokane Valley Transportation Costs Vs. Washington
| Item | Spokane Valley | Washington |
|---|---|---|
| Gasoline | $2.55 | $2.22 |
| Tire Balancing | $49.64 | $50.07 |
Detailed Spokane Valley Utilities Costs Vs. Washington
| Item | Spokane Valley | Washington |
|---|---|---|
| All Electricity | $163.0 | $167.67 |
| Phone | $191.51 | $175.64 |
Spokane Valley SnackAbility
/10
Cost Of Living In Cities Around Spokane Valley
The cost of living varies in the cities and towns around Spokane Valley. Here's a quick look at the cost of living in the most populous nearby places:
Spokane, WA has a cost of living index of 103, 1.0x Spokane Valley.
Post Falls, ID has a cost of living index of 103, 1.0x Spokane Valley.
Liberty Lake, WA has a cost of living index of 113, 1.1x Spokane Valley.
| City | Population | Cost Of Living | Vs. Spokane Valley |
|---|---|---|---|
| Spokane, WA | 225,709 | 103 | 1.0x |
| Post Falls, ID | 38,162 | 103 | 1.0x |
| Liberty Lake, WA | 11,647 | 113 | 1.1x |
| Airway Heights, WA | 10,108 | 99 | 1.0x |
| Rathdrum, ID | 9,099 | 104 | 1.0x |
| Mead, WA | 7,146 | 105 | 1.0x |
| Country Homes, WA | 6,148 | 106 | 1.0x |
| Otis Orchards-East Farms, WA | 6,133 | 106 | 1.0x |
| Town and Country, WA | 5,479 | 102 | 1.0x |
