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Cost of living in Nevada

Everyday prices in Nevada run about the US average, the 34th lowest of 51 states and DC.

By Sol Lakein. Updated November 2026.

Nevada next to New York and the US

Longer bar = costs more.1,4,2,3
NevadaUnited StatesNew York metro

How affordable is Nevada?

Rent and home prices next to what households earn.6
$88,880
Typical household incomeA year · 21st highest of 51
22%
Of income goes to rentA year of 2-bed rent ($1,644/mo) against median income ($88,880). 42nd lowest of 51.
5.4
Years of income to buy a home$480,000 median listing against $88,880 income. 35th lowest of 50.

Are people moving to Nevada?

14,914 more people moved to Nevada from other states than left between July 2024 and July 2025 (Census Bureau estimates).

Where Americans are moving5

Metro areas in Nevada

Cheapest first. Tap one for its full cost of living.1,4,2
Price levelUS averageShorter bar = cheaper, longer = pricier
  1. 1Las Vegas-Henderson-Paradise, NVAbout the US average
    2-bed rent
    $1,635
    Typical home
    $464,900
    Mortgage
    $2,555/mo

Nevada next to its neighbors

The states that border Nevada, on the same measures. The number is each state's national rank on everyday prices.1,4,2
  1. 23Idaho5% cheaper than average
    2-bed rent
    $1,438
    Typical home
    $593,000
    Net moves
    +19,915
  2. 31Utah1% cheaper than average
    2-bed rent
    $1,579
    Typical home
    $579,000
    Net moves
    +3,343
  3. 34NevadaThis stateAbout the US average
    2-bed rent
    $1,644
    Typical home
    $480,000
    Net moves
    +14,914
  4. 35Arizona1% pricier than average
    2-bed rent
    $1,699
    Typical home
    $459,900
    Net moves
    +31,107
Show 2 more
  1. 40Oregon3% pricier than average
    2-bed rent
    $1,650
    Typical home
    $550,000
    Net moves
    +2,228
  2. 51California11% pricier than average
    2-bed rent
    $2,239
    Typical home
    $725,000
    Net moves
    -229,077

Nevada by the numbers

Every figure on this page, as tables

Nevada next to New York and the US

PlacePrice levelHousingTypical homeMonthly payment2-bedroom rent
Nevada100.0114.1$480,000$2,638$1,644
United States100.0100.0$419,250$2,304$1,563
New York metro112.6148.6$742,000$4,078$1,997

Metro areas in Nevada

MetroPrice level2-bedroom rentTypical home
Las Vegas-Henderson-Paradise, NV100.2$1,635$464,900

Nevada next to its neighbors

StatePrice level2-bedroom rentTypical homeNet moves from other states
Nevada100.0$1,644$480,000+14,914
Arizona100.7$1,699$459,900+31,107
California110.7$2,239$725,000-229,077
Idaho95.5$1,438$593,000+19,915
Oregon103.4$1,650$550,000+2,228
Utah98.9$1,579$579,000+3,343

Net moves from other states

Year (July to July)Net moves from other states
2019-20+35,202
2020-21+26,050
2021-22+20,116
2022-23+8,165
2023-24+16,473
2024-25+14,914

States with a similar cost of living to Nevada

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Nevada cost of living: questions people ask

What is the cost of living in Nevada?

Everyday prices in Nevada run about the US average, the 34th lowest of 51 states and DC (BEA, 2024). Housing costs, rent included, index at 114.1 against a US average of 100. The median listed home is $480,000 (Realtor.com, September 2026), about $2,638 a month in principal and interest. The median 2-bedroom rent is $1,644 a month, utilities included (Census, 2025). A $150,000 salary in New York buys the same as $133,231 in Nevada.

Is Nevada cheap or expensive to live in?

Cheaper than average. Nevada's regional price parity is 100.0, so the same basket of goods, services and rent costs 0.0% less than the US average (BEA, 2024).

How much does a house cost in Nevada?

The median listed home in Nevada is $480,000 as of September 2026 (Realtor.com via FRED), against $419,250 nationally. That ranks 33rd lowest of 50. With 20% down at 7.32%, principal and interest run about $2,638 a month.

How much is rent in Nevada?

The median gross rent for a 2-bedroom in Nevada is $1,644 a month, including utilities the renter pays, against $1,563 for the US (Census American Community Survey, 2025).

What salary in Nevada equals $150,000 in New York?

About $133,231, using BEA regional price parities for Nevada (100.0) and the New York metro (112.6), 2024.

Are people moving to Nevada?

14,914 more people moved to Nevada from other states than left between July 2024 and July 2025 (Census Bureau estimates).

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Notes on the numbers
  1. 1Everyday prices, housing costs and price levels: BEA regional price parities via FRED, 2024, where the US average is 100. In ranked lists, 1 is the cheapest.
  2. 2Homes: the typical home is the median listing price, Realtor.com via FRED, September 2026.
  3. 3Mortgage: Principal and interest on the median listed home with 20% down, 30-year fixed at 7.32% (Freddie Mac 30-year fixed average, week of October 22, 2026). Excludes taxes, insurance and HOA.
  4. 4Rent: Census ACS 2025 1-year, median gross rent for 2-bedroom units, including utilities.
  5. 5Net moves: US Census Bureau population estimates, net domestic migration, July to July.
  6. 6Affordability: our arithmetic on Census median gross rent (2025), Census median household income (2025) and Realtor.com median listing price (September 2026). Rank 1 is the most affordable.
Sources for this page