Las Vegas, NV Cost Of Living
Cost Of Living In Las Vegas, NV Summary
Cost of living in Las Vegas research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Las Vegas is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Nevada, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Las Vegas is 104, with 100 being the average.
The cost of living index in Las Vegas is 1.0x higher than the national average.
Las Vegas ranks as the #18 cheapest in Nevada out of 33.
Las Vegas ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Las Vegas is $302,100.
The median income in Las Vegas is $61,356.
Table Of Contents
Las Vegas's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Las Vegas, NV?
According to the most recent data on the cost of living, Las Vegas has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Nevada, Las Vegas has a cost of living index that's 1.0x higher than Nevada's index of 101.
The standard of living in Las Vegas ranks as #18 most affordable out of the 33 places we measured in Nevada. By definition, that implies Las Vegas ranks as the #15 most expensive place in the Silver State.
For more reading on life in Las Vegas, check out:
- Living In Las Vegas
- Search Homes For Sale In Las Vegas, NV
In Nevada
In America
Las Vegas Cost Of Living Vs. Nevada
Six factors go into calculating the cost of living index in Las Vegas. Here is how it fairs on each of the criteria:
The Services index in Las Vegas is 103.
The Groceries index in Las Vegas is 102.
The Health index in Las Vegas is 96.
The Housing index in Las Vegas is 102.
The Transportation index in Las Vegas is 109.
The Utilities index in Las Vegas is 101.
| Living Expense | Las Vegas | Nevada | National Average | |
|---|---|---|---|---|
| Overall | 104 | 101 | 100 | |
| Services | 103 | 91 | 100 | |
| Groceries | 102 | 103 | 100 | |
| Health | 96 | 93 | 100 | |
| Housing | 102 | 111 | 100 | |
| Transportation | 109 | 114 | 100 | |
| Utilities | 101 | 97 | 100 | |
Las Vegas, NV Housing Cost Breakdown
Housing swings affordability the most between places in Nevada, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Las Vegas is $302,100.
The Median Rent in Las Vegas is $1,219.
The Median Income in Las Vegas is $61,356.
The Home Value To Income in Las Vegas is 4.9x.
The Rent To Monthly Income in Las Vegas is 0.24x.
| Statistic | Las Vegas | Nevada | United States |
|---|---|---|---|
| Median Home Value | $302,100 | $315,900 | $244,900 |
| Median Rent | $1,219 | $1,238 | $1,163 |
| Median Income | $61,356 | $65,686 | $69,021 |
| Home Value To Income | 4.9x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.23x | 0.2x |
Median Home Value
Median Rent
Median Income
Las Vegas, NV Costs By Category
Detailed Las Vegas Services Costs Vs. Nevada
Detailed Las Vegas Groceries Costs Vs. Nevada
Detailed Las Vegas Health Costs Vs. Nevada
Detailed Las Vegas Transportation Costs Vs. Nevada
Detailed Las Vegas Utilities Costs Vs. Nevada
Las Vegas SnackAbility
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Cost Of Living In Cities Around Las Vegas
The cost of living varies in the cities and towns around Las Vegas. Here's a quick look at the cost of living in the most populous nearby places:
Henderson, NV has a cost of living index of 111, 1.1x Las Vegas.
North Las Vegas, NV has a cost of living index of 102, 1.0x Las Vegas.
Enterprise, NV has a cost of living index of 111, 1.1x Las Vegas.
| City | Population | Cost Of Living | Vs. Las Vegas |
|---|---|---|---|
| Henderson, NV | 311,250 | 111 | 1.1x |
| North Las Vegas, NV | 259,638 | 102 | 1.0x |
| Enterprise, NV | 219,566 | 111 | 1.1x |
| Spring Valley, NV | 217,441 | 104 | 1.0x |
| Sunrise Manor, NV | 196,411 | 92 | 0.9x |
| Paradise, NV | 189,852 | 99 | 1.0x |
| Whitney, NV | 45,105 | 95 | 0.9x |
| Winchester, NV | 36,307 | 95 | 0.9x |
| Summerlin South, NV | 28,861 | 127 | 1.2x |
