Cost of Living: Spring Valley, NV vs Elgin, IL (2026)

Spring Valley

Nevada
119
VS

Elgin

Illinois
90

Spring Valley is 32% more expensive than Elgin.

$1,642/mo ↑ 30%
Median Rent
$1,260/mo ↓ 23%
$72,364/yr ↓ 18%
Median Income
$88,316/yr ↑ 22%
$407,900 ↑ 62%
Home Value
$252,400 ↓ 38%
$1,554/mo ↑ 3%
Owner Costs
$1,502/mo ↓ 3%
219,913
Population
114,106

Tax Comparison

0%
Income Tax
4.95%
6.85%
State Sales Tax
6.25%
0.53%
Property Tax
2.07%

Affordability

27.2%
rent-to-income
Affordability
17.1%
rent-to-income

Detailed Comparison

When comparing Spring Valley, NV and Elgin, IL, the overall cost of living indices are 119 and 90 respectively (national median = 100). Rent is $382/month cheaper in Elgin, saving renters about $4,584/year.

Median household income is $15,952/year higher in Elgin. Home values also differ significantly — the median in Spring Valley is $407,900 compared to $252,400 in Elgin.

Nevada has no state income tax, giving Spring Valley residents a significant tax advantage over Illinois's 4.95% rate.

Frequently Asked Questions

Spring Valley vs Elgin — common questions

Is Spring Valley or Elgin cheaper to live in?
Based on our cost index, Elgin is cheaper to live in with an index of 90 compared to 119 (US average = 100).
What is the rent difference between Spring Valley and Elgin?
Median rent in Spring Valley is $1,642/month and in Elgin it's $1,260/month — a difference of $382/month.
Which city has higher income, Spring Valley or Elgin?
Median household income is $72,364 in Spring Valley and $88,316 in Elgin. Median household income is $15,952/year higher in Elgin.
How do taxes compare between Nevada and Illinois?
Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Spring Valley or Elgin?
It depends on your priorities. Spring Valley has a cost index of 119 with median rent of $1,642/mo, while Elgin has a cost index of 90 with rent of $1,260/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Spring Valley details → View Elgin details →

More Comparisons

Other cost of living comparisons for Spring Valley and Elgin

Spring Valley vs. Port St. Lucie Spring Valley vs. Huntsville Spring Valley vs. Tacoma Spring Valley vs. Modesto Spring Valley vs. San Bernardino Spring Valley vs. Des Moines Elgin vs. Provo Elgin vs. Odessa Elgin vs. Waterbury Elgin vs. Springfield Elgin vs. Carlsbad Elgin vs. Beaumont