Spring Valley, NY

Above Avg · 117

New York · Population 32,995 · Updated March 2026

$1,673
Median Rent / Month
$56,151
Median Income
$351,500
Median Home Value
$1,718
Owner Costs / Month

Affordability

How far your income goes in Spring Valley

35.8%
Rent-to-Income Ratio
Burdened
Rent takes more than 35% of median income — considered cost-burdened.

Tax Burden in New York

State-level tax rates that affect your costs

10.9%
Income Tax (Top Rate)
4.0%
Sales Tax
1.62%
Property Tax Rate

Estimated Annual Costs

$20,076
Annual Rent
$6,120
State Income Tax
$5,694
Property Tax (est.)

Cost of Living Overview

Spring Valley is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 117 (where 100 equals the national median), Spring Valley residents can expect to pay median rent of $1,673/month while earning a median household income of $56,151/year.

The median home value in Spring Valley, NY is $351,500, with typical monthly owner costs around $1,718 including mortgage, insurance, and taxes. The 35.8% rent-to-income ratio indicates significant housing cost burden. Residents spend well over a third of their income on rent alone.

New York's top income tax rate of 10.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 4.0% sales tax rate and 1.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Spring Valley.

Frequently Asked Questions

Common questions about living costs in Spring Valley

What is the cost of living in Spring Valley, NY?
The cost of living index in Spring Valley, NY is 117 (US average = 100). Median monthly rent is $1,673, median household income is $56,151/year, and the median home value is $351,500.
Is Spring Valley, NY affordable?
No, Spring Valley is more expensive than the national average with a cost index of 117. The rent-to-income ratio is 35.8%—above the 30%% affordability threshold.
What is the average rent in Spring Valley, NY?
The median gross rent in Spring Valley, NY is $1,673 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,076.
What is the median household income in Spring Valley?
The median household income in Spring Valley, NY is $56,151 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New York?
New York has a top income tax rate of 10.9%, a sales tax of 4.0%, and an effective property tax rate of 1.62%.