Living Expenses in Las Vegas

Understanding the cost of living in Las Vegas helps you plan your budget effectively. Compare expenses with other major cities and learn about the financial advantages of living in Nevada, including no state income tax.

Major Expenses

Las Vegas Housing Costs

Housing Costs

Las Vegas offers diverse housing options across different price points, with costs varying significantly by neighborhood and property type. The market includes everything from luxury high-rises to affordable suburban communities.

Home Purchase Costs (2025)

  • Median Home Price: $425,000
  • Entry-Level Homes: $275,000 - $350,000
  • Luxury Homes: $750,000+
  • Property Tax Rate: ~0.7%
  • Download: Redfin Market Report

Rental Market Overview

  • Studio Apartments: $900 - $1,300
  • 1-Bedroom: $1,100 - $1,600
  • 2-Bedroom: $1,400 - $2,100
  • 3-Bedroom Homes: $1,800 - $2,800
  • View: Price Trend Analysis

Additional Housing Expenses

  • Average HOA Fees: $150-$400/month
  • Typical Security Deposit: 1-2 months rent
  • Average Utilities: $180-$250/month
  • Home Insurance: $850-$1,200/year
  • Calculate: Monthly Payment Calculator
Current Market Values Browse Available Homes

Average Price by Area (2025)

Neighborhood Median Home Avg Rent (2bd)
Summerlin $550,000 $1,950
Henderson $475,000 $1,800
North Las Vegas $380,000 $1,500
Downtown $425,000 $1,700
Las Vegas Utilities & Services

Utilities & Services

Las Vegas utility costs can vary significantly based on season, home size, and usage patterns. Understanding typical costs helps you budget effectively for essential services.

Power & Gas

  • Summer Electric: $150-$300/month
  • Winter Electric: $70-$150/month
  • Natural Gas: $30-$60/month
  • Provider: NV Energy & Southwest Gas
  • Equal Pay programs available

Water & Waste Services

  • Water: $50-$90/month
  • Sewer: $25-$40/month
  • Trash Collection: $15-$25/month
  • Recycling included with trash service
  • Desert landscaping discounts available

Internet & TV

  • Internet (100Mbps): $45-$65/month
  • Internet (1Gbps): $80-$120/month
  • Cable TV Packages: $65-$130/month
  • Bundle discounts common
  • 5G home internet available in select areas
Compare Energy Plans Water Rate Calculator

Average Monthly Total by Home Size

Home Type Summer Winter
Apartment (1-2bd) $220-300 $160-220
Small Home (2-3bd) $300-400 $200-280
Large Home (4bd+) $400-600 $250-400
Learn More About Utilities Setup →
Las Vegas Daily Living Expenses

Daily Living

Las Vegas offers a wide range of lifestyle options, from budget-friendly to luxury living. Daily expenses can vary significantly based on location and lifestyle choices, with many entertainment options available at local resident discounts.

Food & Groceries

  • Monthly Grocery Budget: $300-450/person
  • Restaurant Meal: $15-35/person
  • Fast Food Meal: $8-12
  • Coffee Shop Drink: $4-6
  • Local Grocery Chains: Smith's, Vons, Albertsons

Transportation

  • Gas: $3.50-4.00/gallon
  • Bus Pass: $65/month
  • Ride Share: $15-25 average trip
  • Car Insurance: $150-200/month
  • Vehicle Registration: $200-500/year

Entertainment & Recreation

  • Movie Ticket: $12-15
  • Gym Membership: $30-60/month
  • Concert Tickets: $40-100+
  • Local Shows: $50-150
  • Golf Round: $40-200
Cost Comparison Tool Local Resident Discounts

Monthly Budget Example (Single Adult)

Category Basic Moderate Luxury
Food $400 $600 $800+
Transportation $250 $400 $600+
Entertainment $200 $400 $800+
Healthcare $300 $400 $500+

Financial Planning

Get tips for budgeting and managing expenses in Las Vegas. Learn about local tax benefits, insurance costs, and strategies for maximizing your income in the Valley. Nevada's tax-friendly environment makes it an attractive option for both working professionals and retirees.

Nevada Tax Benefits

  • No state income tax
  • No inheritance or estate tax
  • Low property tax rates (average 0.7%)
  • Competitive business tax structure

Retirement Planning

  • Social Security benefits are not taxed
  • 401(k) and IRA distributions are tax-free at state level
  • Pension income is not taxed by the state
  • Various senior discount programs available

Financial Resources

Budgeting Tips

  • Set aside 3-6 months of expenses for emergency fund
  • Plan for seasonal utility cost fluctuations
  • Consider annual passes for frequent entertainment venues
  • Look for local resident discounts on shows and attractions
  • Take advantage of off-peak dining and entertainment specials