Median one-bedroom rent across the cities we track is $1,181 in Nevada versus $1,705 in New York. Overall, Nevada runs roughly 31% cheaper on rent than New York, its main day-to-day cost driver.
Median household income across tracked cities is $70,723 in Nevada and $79,713 in New York — about 11% higher in New York. Nevada has no state income tax and a 6.85% state sales tax; New York has a top state income tax rate of 10.90% and a 4% state sales tax.
State Taxes
Sales Tax
6.85%
4%
+2.8 pp in Nevada
Income Tax (top rate)
None
10.90%
+10.9 pp in New York
Housing (median across tracked cities)
Median 1BR Rent
$1,181
$1,705
+44% in New York
Median Home Value
$395,300
$751,700
+90% in New York
Income (median across tracked cities)
Median Household Income
$70,723
$79,713
+13% in New York
Climate (median across tracked cities)
Avg Annual Temperature
68.4°F
55.0°F
+13.4°F in Nevada
Nevada vs New York — FAQ
- Is it cheaper to live in Nevada or New York?
- Nevada is cheaper on rent — its median one-bedroom of $1,181 runs about 31% below New York's $1,705, based on the cities we track in each state.
- How much more do you need to earn to live in Nevada than in New York?
- To keep rent near the recommended 30% of gross income, based on median rent across tracked cities, you'd want to earn roughly $47,000 a year in Nevada versus $68,000 in New York.
- Which has lower taxes, Nevada or New York?
- Nevada has no state income tax and a 6.85% state sales tax. New York has a top state income tax rate of 10.90% and a 4% state sales tax.
Housing, income, and climate are medians across the 1/1 cities we track in Nevada/New York — not population-weighted statewide figures. Taxes are exact state-level rates. Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026.