Cost of Living in Las vegas, NV
Housing
The housing market plays a significant role in determining the cost of living in Las vegas, NV.
- Housing Index: 110.5 / 100
- Median Home Price is: $462500
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1640 per month
Considering a move to Las vegas, NV? The housing index stands at 110.5, indicating a moderately competitive market. With a median home price of 462500, potential buyers should weigh long-term investment against rental options. The average rent for a 2-bedroom apartment is 1600, while renting a 2-bedroom house averages 1640. Notably, this region may offer a variety of community amenities and lifestyle options that could enhance your living experience. It's essential to explore the cost-per-square-foot and local school ratings to make a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Las vegas, NV.
- Electricity Price: $15.5 USD (median by state)
- Natural Gas Price: $20.66 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Las vegas, NV could entail higher utility costs. Electricity costs sit at $15.5, while natural gas is priced at $20.66 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Las vegas is a financially viable option for your relocation.