Milwaukee, WI vs. Spring Valley, NV

Median rent is $1,033 a month in Milwaukee, WI and $1,642 in Spring Valley, NV. Household income is $51,888 against $72,364. Both cities are read from the same ACS 2019-2023 5-Year Estimates and the same BEA Regional Price Parities 2023, so the two columns below are directly comparable.

City A

City B

Annual salary to convert

Same standard of living

A salary of $100,000 in Milwaukee, WI buys what $101,511 buys in Spring Valley, NV

+$1,511 more to keep the same standard of living

Median gross rent Monthly

$1,033 $1,642 +59.0%

Median household income Annual

$51,888 $72,364 +39.5%

Median home value Owner-occupied

$172,000 $407,900 +137.2%

Rent as share of income Annual rent ÷ income

23.9% 27.2% 3.3 pp

Price level U.S. average = 100

95.5 97.0 +1.6%

Salary needed for median rent Keeps rent at 30% of gross

$41,300 $65,700 +59.1%

Rent median income carries at 30% Affordable rent

$1,297 $1,809 +39.5%

Population City proper

569,756 219,913 -61.4%

Equivalent salary For $100,000 in Milwaukee

$100,000 $101,511 +1.5%

A green or red badge means the second city is higher or lower, not better or worse: a lower rent is good for a tenant, a lower household income is not. For the price level and
the share of income the raw values are shown, because a percentage difference between two
percentages is easy to misread.

What the gap means

Lower rent

$1,033

Milwaukee, WI · 59.0% below Spring Valley, NV

Higher household income

$72,364

Spring Valley, NV · 39.5% above Milwaukee, WI

Same standard of living

$101,511

$100,000 in Milwaukee, WI needs $101,511 in Spring Valley, NV

Price level gap

1.4 points

95.5 in WI against 97.0 in NV

Rent burden gap

3.3 points

Milwaukee, WI versus Spring Valley, NV, share of income taken by rent

Highest buying power

104.7%

Milwaukee, WI · share of the national average income that a dollar there buys

Milwaukee, WI vs Spring Valley, NV: frequently asked questions

Is Spring Valley, NV more expensive than Milwaukee, WI?

Yes. Prices in Spring Valley, NV are about 1.5% higher than in Milwaukee, WI: a regional price level of 97.0 against 95.5, where the U.S. average is 100.

How much do I need to earn in Spring Valley, NV to keep a $100,000 lifestyle from Milwaukee, WI?

About $101,500. Adjusting $100,000 by the BEA regional price levels of the two areas (95.5 in Milwaukee, WI, 97.0 in Spring Valley, NV) gives the salary with the same purchasing power. Taxes and personal spending habits are not included.

Is rent cheaper in Milwaukee, WI or Spring Valley, NV?

The median gross rent is $1,033 a month in Milwaukee, WI and $1,642 in Spring Valley, NV, a difference of $609 a month or $7,308 a year.

Where are household incomes higher, Milwaukee, WI or Spring Valley, NV?

The median household income is $51,888 in Milwaukee, WI and $72,364 in Spring Valley, NV. Rent takes 23.9% of the median income in Milwaukee, WI and 27.2% in Spring Valley, NV.

What salary do I need to afford the median rent in Spring Valley, NV?

About $65,700 a year, the gross income that keeps the median rent of $1,642 a month at 30% of income. The same rule gives $41,300 in Milwaukee, WI.

More comparisons with Milwaukee, WI

More comparisons with Spring Valley, NV

Open this pair in the interactive tool · All comparisons

Definitions used on this page

Salary needed for the median rent: Twelve months of median gross rent divided by 0.30: the income that keeps the median rent at 30% of gross pay.
Price level: BEA regional price parity for the metro area where one is published, otherwise for the state. The national average is 100.
Same standard of living: A salary in Milwaukee, WI converted into Spring Valley, NV at the ratio of the two price levels. It adjusts for prices only, not for taxes or for what either city offers.
Buying power: One hundred divided by the price level: what a dollar buys locally relative to the national average.

Sources

Census Bureau — ACS 2019-2023 5-Year Estimates
Milwaukee, WI: tables B01003, B19013, B25064, B25077 · geography 1600000US5553000
Census Bureau — ACS 2019-2023 5-Year Estimates
Spring Valley, NV: tables B01003, B19013, B25064, B25077 · geography 1600000US3268585
BEA — BEA Regional Price Parities 2023
Regional price parities · metropolitan area where published, otherwise the state

Margins of error are published for every Census figure. Read the methodology before reading a small gap between two cities as a real difference.

Full detail for each city: Milwaukee, WI · Spring Valley, NV