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Cost of Living in Las Vegas

Is it better to rent or buy in Las Vegas? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$78,519
$1,701/mo

Median in area: $1,701

$425,365

Median in area: $425,365

$85,073

If you Rent

🔑
$1,886 /mo
Base Rent$1,701
Est. Utilities$185
% of Income28.8%
Pre-tax Residual$4,657

If you Buy

🏠
$2,650 /mo
P&I (6.839%)$2,227
Taxes & Ins$238
Est. Utilities$185
% of Income40.5%
Pre-tax Residual$3,893

Cost of Living FAQs

Is it cheaper to rent or buy in Las Vegas?›

Based on median housing data, renting is currently more affordable on a monthly basis in Las Vegas. The estimated all-in monthly cost for renting is $1,886, while owning a median-priced home with a 20% down payment is roughly $2,650 per month (a difference of $764).

How much do utilities cost in Las Vegas?›

The average monthly utility cost (electricity and natural gas) for a typical home in Las Vegas is approximately $185. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Las Vegas?›

To comfortably afford the median rent and utilities in Las Vegas without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $75,440 per year.