Median rent is 39% lower in Henderson ($788/mo vs $1,287/mo). Buying is cheaper in Henderson, where the median home runs $151,400 versus $358,400. Households earn more in Paradise ($58,874 vs $47,176 a year). Overall, the two cities have a nearly identical cost of living index (96.5).
City A
Henderson, KY
City B
Paradise, NV
How much would you need to earn in Paradise, NV to maintain your standard of living from Henderson, KY?
Equivalent salary in Paradise, NV
$75,000
Costs are about the same in both cities.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Henderson
Kentucky
Paradise
Nevada
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Henderson — median rent of $788/mo versus $1,287/mo in Paradise, a 39% difference. Home buyers face a steeper market in Paradise: the median home is $358,400 versus $151,400 in Henderson — 58% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Nevada has no state income tax, while Kentucky tops out at 4.00% — giving Paradise a clear advantage for high earners. Sales tax is 6.00% in Kentucky and 6.85% in Nevada; Henderson has the lower rate (local add-ons may apply in both).
Henderson
Income tax: 4.00%
Sales tax: 6.00%
Paradise
Income tax: None
Sales tax: 6.85%
Air quality data is available for Paradise (avg AQI 23.0) but not yet for Henderson.
Pick Paradise if you prioritize higher median household income ($58,874/yr).
Pick Henderson if you prioritize cheaper rent ($788/mo median).
Pick Paradise if you prioritize no state income tax.
Is Henderson cheaper than Paradise?
Henderson is cheaper overall, with a cost of living index of 96.5 versus 96.5 (US average = 100). That means prices run about 0% lower in Henderson.
How much is rent in Henderson vs Paradise?
Median rent is $788/mo in Henderson, KY and $1,287/mo in Paradise, NV. Henderson, KY has the lower rent by about 39%.
Which has higher salaries — Henderson or Paradise?
Median household income is $47,176 in Henderson, KY and $58,874 in Paradise, NV. Paradise, NV has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Henderson or Paradise?
Nevada has no state income tax. Kentucky has a top rate of 4.00%.
What salary do I need in Paradise to match my Henderson income?
To maintain the same purchasing power, a salary of $100,000 in Henderson, KY is equivalent to roughly $100,000 in Paradise, NV (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology