Cost of Living in Nevada

Nevada has a cost of living index of 109, making it 9% more expensive than the national average. The statewide median household income is $81,841 (9% above the US median of $75,149). Across 102 cities tracked in Nevada, costs vary widely depending on location, proximity to metro areas, and local housing markets.

Housing drives most of the variation. The average median rent across Nevada cities is $1,284/mo (3% below the national median of $1,319), and the average median home value is $450,807 (48% above the national figure of $304,900). There is a 116-point spread between the most affordable city, Laughlin (index 85), and the most expensive, Incline Village (index 202) — an enormous range that reflects dramatic differences in housing markets within the state.

When evaluating Nevada, it helps to look beyond the state average. Individual city costs can deviate significantly — use the map and rankings below to compare specific locations.

The largest cities in Nevada by population are Las Vegas (index 111, pop. 650,873), Henderson (index 126, pop. 324,523), North Las Vegas (index 114, pop. 270,773), Reno (index 119, pop. 268,959), and Enterprise (index 127, pop. 232,043). All of these major cities are above the state average, a pattern common in states where metro areas drive up costs relative to rural communities.

Data: US Census Bureau (ACS 2023), Zillow, HUD, BEA Regional Price Parities. Updated monthly.