Cost of Living in Las Vegas Beats Other Major U.S. Cities
If you check out lists for the top 10 most expensive U.S. ciies to live in, you won’t find Las Vegas ranked there. Comparing the cost of living in Las Vegas to the cost of living in the most expensive city, NYC, shows far more affordability in Las Vegas.
If you check out lists for the top 10 most expensive U.S. cities to live in, you won’t find Las Vegas ranked there. Comparing the cost of living in Las Vegas, using CNN Money’s calculator, to the cost of living in the most expensive city — you guessed it! New York City — the Big Apple comes out a whopping 348% higher for housing costs alone compared to Las Vegas. With all the other living expenses also well above average you might want to say “fuggedaboutit!” if considering a move to NYC, unless you hit a jackpot in Las Vegas on the way there.
Life is Good in Las Vegas
Whether or not you’ve had some luck at the tables, making Las Vegas your home may just be in the cards for you, considering the abundant sunshine, wide range of entertainment options and the value of your dollars compared to other major U.S. destination cities.
Based on data from the Council for Community and Economic Research (C2ER) Las Vegas drops in at just about average for all the major expense indices:
The cost of living in Las Vegas doesn’t beat that of the number one least expensive U.S. city: Harlingen, Texas. Making your home there requires roughly 23% less than Las Vegas for housing and groceries, according to our calculator. Of course, then you’d be in Harlingen, not Las Vegas.
If You’re Thinking of Living in…
You may dream of living in a major West Coast city such as Los Angeles, San Diego, or San Francisco. Remember that Top 10 Most Expensive U.S. Cities list? Well, they’re on it. Ditto for popular East Coast towns Washington D.C. and Boston. And if you have a Honolulu, Hawaii fantasy (who doesn’t?), that’ll cost you too.
Chicago and Miami didn’t quite make Top 10 status but both come out at a higher cost of living when compared with Las Vegas. Phoenix and Dallas are close cousins with Las Vegas, hovering right around the national average mark, while Anchorage is significantly higher at 32% more. If you like the idea of living in Knoxville or Memphis, TN, you’ll find them somewhat more affordable than Las Vegas.
Las Vegas Has a Winning Hand
The associated costs of life in most major U.S. cities is not only above the national average, but the majority of these areas actually make up the Top 10 Most Expensive list. In contrast, Las Vegas provides an opportunity for a more affordable cost of living.
Thinking of making the big move? Check out our home buyer resources.