How Much Does It Cost to Live in Las Vegas?

Living in Las Vegas presents a unique financial landscape compared to other major U.S. cities. Understanding costs, from housing to daily expenditures and taxes, provides a practical perspective for those considering making it their home. This article breaks down the financial commitments residents can expect to budget for their everyday lives.

Housing Expenses

Housing represents the largest portion of a household’s budget, and in Las Vegas, costs vary widely by property type and location. Average monthly rent ranges from $1,279 to $1,995, reflecting a diverse market of apartments, condos, and single-family homes.

Studio apartments rent for $875-$1,011 per month, and one-bedroom units for $1,100-$1,288. Two-bedroom apartments often rent for $1,350-$1,542 monthly. Single-family homes average around $2,200 per month.

For prospective homeowners, the median home price ranges from $434,234 to $485,000, with a median sold price of $433,000. Mortgage rates averaged 6.4% to 6.70% in mid-2025.

Housing costs fluctuate across different areas. Upscale communities like Summerlin have higher average rents, with one-bedroom units averaging $1,813. Downtown Las Vegas shows a wide range, from $1,240 average rent to a $399,000 median home price. More affordable neighborhoods like Sunrise Manor offer average rents around $1,244 per month.

Utilities, Food, and Transportation

Beyond housing, monthly expenses include utilities, food, and transportation. Average monthly utility bills range from $190 to $350, depending on usage and home size. Electricity, a significant expense due to air conditioning, averages $187 per month but can reach $150-$200 in summer.

Water bills for a single-family home range from $60 to $90 monthly, and natural gas charges are $20-$40. Internet services cost $70-$75 per month. Trash and recycling services may add $20-$40, sometimes included with water bills.

Food expenses are a notable component of the monthly budget. Average monthly grocery costs for a single person range from $280 to $500. Dining out is common, with an inexpensive meal costing $17-$18. A three-course meal for two at a mid-range restaurant is typically $64.50-$71.

Transportation costs are considerable, as Las Vegas is largely car-dependent. Gasoline prices average $4.13 per gallon. The annual transportation cost for one person is estimated at $4,938. Public transportation, such as bus services, exists, with monthly expenses around $138 depending on usage.

Healthcare and Lifestyle Costs

Healthcare expenses are an important consideration, alongside discretionary spending. The average monthly premium for a Bronze health insurance plan in Nevada is around $356, placing it among the lower-cost states. Individual market plans have seen proposed rate increases for 2025.

Out-of-pocket healthcare costs in Las Vegas are about 15% lower than the national average. The average monthly healthcare cost for 2025 is estimated at $360. Actual expenses vary based on individual needs and chosen insurance plans.

Las Vegas’s unique character means lifestyle costs can substantially impact a personal budget. Entertainment options are abundant; show tickets range from $50-$150 per person. A night out at a nightclub or lounge costs $20-$50, and general attractions are also $20-$50. A movie ticket costs around $12.65. Personal care services, like a haircut, average $15.42, and dry cleaning is $17.89.

Tax Implications

Understanding Nevada’s tax structure is crucial for assessing the true cost of living in Las Vegas. A significant advantage is the absence of a state income tax, meaning wages and salaries are not subject to a state-level levy. This can lead to greater disposable income compared to states with income taxes.

The total sales tax rate in Las Vegas is 8.375%, applying to most goods and services. This combined rate includes a 4.6% state sales tax and a 3.775% Clark County sales tax. The rate is uniform across the city, as Las Vegas does not impose an additional city sales tax.

Property taxes in Nevada are relatively low compared to many other states. This lighter burden provides a financial benefit for homeowners. Other taxes affecting residents include vehicle registration fees and fuel taxes.