salaryAbout the sameBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Spring Valley to live the same way.
🏠 Rent per month
$1,347
$1,889
🛏️ 2-bedroom rent
$1,153
$1,783
💵 Families earn per year
$43,073
$80,360
🔑 Buying a house
$83,900
$433,800
📊 Overall prices (U.S. = 100)
100.3
100.0
🏛️ Property tax per year
$1,402
$2,149
⚡ Electric bill per month
$196
$139
👥 People living there
638,530
219,187
Commute to work
24.8 min
22.5 min
College degree
18.1%
31.4%
Own their home
50.3%
50.5%
Below poverty line
32.7%
12.2%
Unemployment
14%
7.6%
Bottom line
- Pick Detroit for lower rent, cheaper 2-bedroom apartments, cheaper homes.
- Pick Spring Valley for higher incomes, shorter commutes, a more educated workforce and 2 more.
Frequently asked questions
Is Detroit or Spring Valley cheaper to live in?
Detroit and Spring Valley cost about the same once rent and everyday costs are combined.
What salary do I need in Spring Valley to match $60,000 in Detroit?
About $59,809 a year gives the same standard of living in Spring Valley.
Where do people earn more, Detroit or Spring Valley?
The typical household earns $43,073 in Detroit and $80,360 in Spring Valley, 46% more in Spring Valley.