Median one-bedroom rent across the cities we track is $1,206 in Nevada versus $857 in New York. Overall, New York runs roughly 29% cheaper on rent than Nevada, its main day-to-day cost driver.
Median household income across tracked cities is $78,448 in Nevada and $48,050 in New York — about 39% higher in Nevada. 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
$1,206
$857
+29% in Nevada
Median Home Value
$465,000
$152,300
+67% in Nevada
Income (median across tracked cities)
Median Household Income
$78,448
$48,050
+39% in Nevada
Climate (median across tracked cities)
Avg Annual Temperature
68.4°F
48.3°F
+20.1°F in Nevada
Nevada vs New York — FAQ
- Is it cheaper to live in Nevada or New York?
- New York is cheaper on rent — its median one-bedroom of $857 runs about 29% below Nevada's $1,206, 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 $48,000 a year in Nevada versus $34,000 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 3/3 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.