Las Vegas, Nevada has an overall cost of living index of 96.5, which is 3.5 points below the US average of 100 — making it more affordable than most American cities. Renters pay a median of $1,456 per month, while the typical home is valued around $395,300. Households earn a median of $70,723 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 23. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$70,723
Annual · Census ACS
Median Gross Rent
$1,456
Per month · Census ACS
Median Home Value
$395,300
Census ACS
Cost of Living Index
96.5
BEA RPP · US avg = 100
Studio FMR
$1,333
HUD Fair Market Rent
1BR Fair Market Rent
$1,478
HUD FMR
2BR Fair Market Rent
$1,735
HUD FMR
3BR Fair Market Rent
$2,413
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
96.5
Goods
97.1
Rents / Housing
112.6
Services
84.0
Source: BEA Regional Price Parities (metro-level)
State Income Tax
None
No state income tax on wages
State Sales Tax
6.85%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $131,570 |
| 🏥Registered Nurse | $98,190 |
| 📚Elementary Teacher | $61,340 |
| ⚡Electrician | $69,290 |
| 📊Accountant | $71,470 |
Source: BLS OEWS 2023 (metro-level data)
Population
650,873
Latest estimate
Median Age
38.5 yrs
Census ACS
Average AQI
23.0
Source: EPA AirNow
What is the cost of living index for Las Vegas?
Las Vegas has a Regional Price Parity (RPP) index of 96.5. The US national average is 100, so Las Vegas is 3.5 points below the national average.
What is the median rent in Las Vegas?
The median gross rent in Las Vegas is $1,456 per month according to US Census ACS data.
What is the median household income in Las Vegas?
The median household income in Las Vegas is $70,723 per year.
What is the median home value in Las Vegas?
The median home value in Las Vegas is $395,300 based on the latest Census ACS survey.
How is the air quality in Las Vegas?
Las Vegas has an average Air Quality Index (AQI) of 23.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Las Vegas?
Nevada has no state income tax on wages and a statewide sales tax of 6.85% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology