State profile
Nevada Cost of Living Comparison
Nevada's 2024 price level is 99.979, a hair below the national level, but its renters carry the third-heaviest rent burden in the country: gross rent takes 33.1% of income.
Updated
99.979Nevada all-items price level, U.S. = 100 · rank 34 of 51, lowest first
| Measure | Nevada | Illinois | First − second |
|---|---|---|---|
| All-items price level | 99.979 | 99.958 | +0.021 points |
| Rent price level | 114.135 | 93.944 | +20.191 points |
| Home value | $435,400±$1,611 | $263,300±$797 | +$172,100 |
| Two-bedroom gross rent | $1,541±$15 | $1,284±$8 | +$257 |
| Household income | $78,260±$596 | $83,390±$362 | −$5,130 |
| Real estate taxes paid | $2,027±$23 | $5,298±$22 | −$3,271 |
$4,000 of monthly spending in Nevada scales to $3,999 in Illinois at the 2024 all-items price ratio.
BEA 2024 and ACS 2020–2024; ± marks the Census 90% margin. How to read a gap
Nevada: no income tax, rents that bite
Rents drive Nevada's costs. The rent parity of 114.135 ranks 39th of 51, while goods (96.271), utilities (90.510) and other services (98.744) are all below the national level. The two-bedroom gross-rent median of $1,541 ranks 13th and the median home value of $435,400 ranks tenth, against a median household income of $78,260 that ranks 23rd. That mismatch is why the rent burden is so high.
Prices have climbed since 2021. Nevada's all-items parity fell from 97.191 in 2020 to 95.356 in 2021, then rose every year to 99.979 in 2024, a net gain of 2.788 points.
Nevada levies no tax on wages or personal income: the state constitution prohibits one. Census records no state individual or corporate income tax. Instead, general sales supplied 52.4% of fiscal 2025 collections, $2,320 per resident, other selective sales 18.7% and the state's own property tax 13.8%, or $610 per resident. Total collections were $4,424 per resident, rank 20. Owners paid a median $2,027 a year in real estate taxes, rank 35.
Real per capita personal income, adjusted for prices, is $56,503, rank 32.
The neighbours split. California (110.720) and Oregon (103.361) are dearer; Arizona (100.677) is nearly level, with an identical two-bedroom median of $1,541; Utah (98.864) and Idaho (95.494) are cheaper. Idaho's two-bedroom median is $1,163, or $378 a month less. Illinois (99.958) is the closest price level nationally.
Category price levels in Nevada
| Category | Parity | Rank, low first | vs U.S. |
|---|---|---|---|
| All items | 99.979 | 34 | 0.02% below |
| Goods | 96.271 | 21 | 3.73% below |
| Housing (rents) | 114.135 | 39 | 14.14% above |
| Utilities | 90.510 | 27 | 9.49% below |
| Other services | 98.744 | 20 | 1.26% below |
| Real income per person, 2017 $ | $56,503 | 32 | U.S. $59,195 |
All items by year: 2020 97.191 · 2021 95.356 · 2022 96.339 · 2023 97.861 · 2024 99.979 (+2.788 since 2020). How to read categories and trends
Monthly housing costs
- Owners with a mortgage
- $1,932±$11 · rank 21, high first
- Owners without a mortgage
- $558±$6 · rank 34
- Renters: gross rent / income
- 33.1%±0.3 · rank 3
Nevada state tax collections, FY2025
$14.52 billion in total, $4,424 per resident. Scope of these figures
| Tax | FY2025 | Share | Per resident |
|---|---|---|---|
| Individual income | not levied | ||
| General sales | $7.62 billion | 52.4% | $2,320 |
| Property | $2.00 billion | 13.8% | $610 |
| Motor fuel | $399.6 million | 2.8% | $122 |
| Other selective sales | $2.72 billion | 18.7% | $829 |
| Corporate income | not levied | ||
| Licenses | $740.6 million | 5.1% | $226 |
| Severance | $111.8 million | 0.8% | $34 |
| Other taxes | $931.0 million | 6.4% | $284 |
Nevada income tax on wages
Nevada levies no tax on the wages or personal income of individuals: Article 10, Section 1(9) of the Nevada Constitution prohibits one. The same provision still allows taxes on the income or revenue of a business.
Read : Nevada Constitution, Article 10. Price parities exclude income taxes.
Nevada sales tax
Nevada's base state sales tax rate is 6.85%, according to the Department of Taxation; counties can add their own taxes, so the rate a shopper pays depends on the county.
Nevada beside its neighbours
| Jurisdiction | All items | Rents | Goods | 2BR rent |
|---|---|---|---|---|
| Nevada | 99.979 | 114.135 | 96.271 | $1,541 |
| Arizona | 100.677 | 106.804 | 95.361 | $1,541 |
| California | 110.720 | 154.346 | 106.098 | $2,103 |
| Idaho | 95.494 | 90.027 | 96.311 | $1,163 |
| Oregon | 103.361 | 108.628 | 105.261 | $1,523 |
| Utah | 98.864 | 107.814 | 96.446 | $1,423 |
Before you budget a move
A Nevada comparison should treat the household’s prepared annual taxes as one item in a complete living-cost worksheet. Housing, utilities, transport and other taxes still require actual household inputs. The verified BEA index measures consumer price levels independently of the liability on a particular income source.
For Las Vegas-area or Reno-area housing, compare lease terms and the expected trip to work. Ask which services and parking are included. A difference in median owner-occupied value may help plan a purchase search, but it does not specify the financing, maintenance or insurance for a selected dwelling.
Reviewed by the State Cost Compare Editorial Team · Review policy · Report a correction