Las Vegas Nevada Cost of Living 2024: Can You Afford It?

Las Vegas Nevada Cost of Living 2024: Can You Afford It?

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What is the Cost of Living in Las Vegas in 2024?

Curious about the cost of living in Las Vegas this year? Despite a recent rise, Las Vegas is still more affordable than many major US cities. With a median household income around $66,356 and an average income of roughly $86,000, it’s easier to get by here. Minimum wage is $10.25 per hour with qualifying health benefits, and $11.25 without.

Housing costs are relatively reasonable, with the average rent for a one-bedroom apartment around $1,200 per month and home prices averaging around $385,000. Utilities, groceries, and healthcare are also more affordable compared to cities like San Francisco or New York.

A big advantage of living in Las Vegas is its tax-friendly environment—there's no state income tax, a stark contrast to California's top rate of 12.3%. This can lead to significant savings, especially for higher earners.

Entertainment and dining options are plentiful and often less expensive than in other major metropolitan areas, allowing for a vibrant lifestyle without breaking the bank.

Overall, the cost of living in Las Vegas remains significantly lower than in many other major cities.

Watch the full video to get all the details about living costs in Las Vegas in 2024 and see if it’s the right move for you!

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