Is the cost of living in las Vegas very high or low?
I’m planning on moving to Las Vegas 3 years from now as my primary residence and plan to buy a big single family detached home there but I’m from California and know nothing about living in Nevada. I heard it was much cheaper in California becuase their aren’t many taxes beucase the casinos pay the most of the revenue to the state. I’m wondering if living in Las Vegas in cheaper compared to California?
6 Responses
Megan B
18 Feb 2010
skyler h
18 Feb 2010
im guesssing……uh very high good reteirment plan though
agedlioness
18 Feb 2010
i heard property in las vegas isn’t just high it is astronomical.
Sherri M
18 Feb 2010
Cheap Wendys and Mcdonalds .99 menu.
Depends if the house is a fixture upper one.
What neighborhood you choose to live in, brand new not much crime yet. Or a high crime area.
Check out http://www.lvrj.com for housing listings. Or call a local real estate agent.
Also depends you can keep your fingers out of gambling. Can run you homeless!!!!!
Electricity went up an extra $26.00 per month.
Gas prices now $2.15 on average regular unleaded.
Anni3Ma3
18 Feb 2010
The cost of living is way lower there, but so are the wages. It pretty much evens out. If you are working and saving here in California to buy a home in Vegas later, that’s a smart plan. Just be prepared to take a pay cut when you get there.
Devon
18 Feb 2010
My guess, it is about the same.
Las Vegas is growing very, very, very fast. Housing can be a big problem, there is a huge need and not enough.
There are too many factors involved. Write stuff down and compare.
I moved from San Diego to Vegas in 2001 because EVERYTHING is cheaper here. This was 6 years ago so I made a killing on my house, prices have doubled since I moved here (tripled in some neighborhoods) and it’s STILL cheaper than California. The pay is about the same unless you’re planning on a salaried career. Salaries, as a general rule, tend to be lower here but so is the cost of living. Your paycheck will appreciate the lack of state tax but, contrary to popular belief, we do pay SALES tax at 7.5%. And hey, where else in the US can you get steak and eggs for $5 at 3 a.m.?
Most people without a degree or college education are surviving, and in some cases flourishing, on $20,000 to $25,000 a year. You’re comfortable at $30,000 and doing well at $40,000 to $50,000.
Hope this helps!