Paradise, NV Cost Of Living
Cost Of Living In Paradise, NV Summary
Cost of living in Paradise 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 Paradise 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 Paradise is 106, with 100 being the average.
The cost of living index in Paradise is 1.1x higher than the national average.
Paradise ranks as the #11 cheapest in Nevada out of 32.
Paradise ranks as the #3,278 cheapest out of 6,489 in the US.
The median home value in Paradise is $393,321.
The median income in Paradise is $58,874.
Table Of Contents
Paradise's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Paradise, NV?
According to the most recent data on the cost of living, Paradise has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Nevada, Paradise has a cost of living index that's 1.0x higher than Nevada's index of 101.
The standard of living in Paradise ranks as #11 most affordable out of the 32 places we measured in Nevada. By definition, that implies Paradise ranks as the #21 most expensive place in the Silver State.
For more reading on life in Paradise, check out:
In Nevada
In America
Paradise Cost Of Living Vs. Nevada
Six factors go into calculating the cost of living index in Paradise. Here is how it fairs on each of the criteria:
The Services index in Paradise is 84.
The Groceries index in Paradise is 103.
The Health index in Paradise is 90.
The Housing index in Paradise is 132.
The Transportation index in Paradise is 113.
The Utilities index in Paradise is 108.
| Living Expense | Paradise | Nevada | National Average | |
|---|---|---|---|---|
| Overall | 106 | 101 | 100 | |
| Services | 84 | 93 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 90 | 94 | 100 | |
| Housing | 132 | 105 | 100 | |
| Transportation | 113 | 118 | 100 | |
| Utilities | 108 | 101 | 100 | |
Paradise, 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 2019-2023. The key points are:
The Median Home Value in Paradise is $393,321.
The Median Rent in Paradise is $1,287.
The Median Income in Paradise is $58,874.
The Home Value To Income in Paradise is 6.7x.
The Rent To Monthly Income in Paradise is 0.26x.
Median Home Value
Median Rent
Median Income
Paradise, NV Costs By Category
Detailed Paradise Services Costs Vs. Nevada
Detailed Paradise Groceries Costs Vs. Nevada
Detailed Paradise Health Costs Vs. Nevada
Detailed Paradise Transportation Costs Vs. Nevada
Detailed Paradise Utilities Costs Vs. Nevada
Paradise SnackAbility
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Cost Of Living In Cities Around Paradise
The cost of living varies in the cities and towns around Paradise. Here's a quick look at the cost of living in the most populous nearby places:
Las Vegas, NV has a cost of living index of 111, 1.0x Paradise.
Henderson, NV has a cost of living index of 118, 1.1x Paradise.
North Las Vegas, NV has a cost of living index of 108, 1.0x Paradise.
| City | Population | Cost Of Living | Vs. Paradise |
|---|---|---|---|
| Las Vegas, NV | 650,873 | 111 | 1.0x |
| Henderson, NV | 324,523 | 118 | 1.1x |
| North Las Vegas, NV | 270,773 | 108 | 1.0x |
| Enterprise, NV | 232,043 | 116 | 1.1x |
| Spring Valley, NV | 219,913 | 114 | 1.1x |
| Sunrise Manor, NV | 199,099 | 97 | 0.9x |
| Whitney, NV | 46,268 | 102 | 1.0x |
| Winchester, NV | 37,774 | 95 | 0.9x |
| Summerlin South, NV | 30,075 | 137 | 1.3x |
