salaryRent is higher than in 82% of U.S. cities. Incomes are on the low side for rents this high, so budgets feel tight. A typical house costs about 6.2 years of household income, so buying is hard for most locals. Most households rent (75%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $94,600 a year. That is $45 an hour at a full-time job.
Is rent cheaper than other New York cities?
No. Rent here is more expensive than in most of New York. It is number 200 of 343 cities from cheapest to most expensive.
How much do households earn in Spring Valley?
Share of households by yearly income. 17.2% of households earn $100,000 or more.
Rent by apartment size in Spring Valley
| Size | Spring Valley | U.S. average |
|---|---|---|
| Studio | $1,424 | $1,338 |
| 1 bedroom | $1,646 | $1,324 |
| 2 bedrooms | $1,900 | $1,509 |
| 3 bedrooms | $2,177 | $1,698 |
| 4 bedrooms | $3,403 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Spring Valley overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Spring Valley, so the New York figure is shown.
Taxes and bills in Spring Valley
Life in Spring Valley
Is it cheaper to rent or buy in Spring Valley?
Renting is cheaper right now: about $284 a month less.
Owning assumes a typical $381,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,180 for the down payment.
Frequently asked questions
What is the average rent in Spring Valley, NY?
Renting in Spring Valley costs a median of about $2,365 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Spring Valley?
To keep rent under 30% of income, you need about $94,600 a year, or $45 an hour at a full-time job.
Is Spring Valley cheap or expensive?
Spring Valley is rated Expensive: rent takes 46.0% of the typical household income of $61,686. It ranks 200th cheapest of 343 New York cities we track.
How much are property taxes in Spring Valley?
The median homeowner in Spring Valley pays $8,714 a year in property taxes, about 2.28% of the median home value.
Is Spring Valley more expensive than the national average?
Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Spring Valley?
The median home value in Spring Valley is $381,800, about 6.2 times the typical yearly household income.
33,192 people live in Spring Valley. Numbers are typical (middle) values.