Cost of Living in Nevada
Based on 1 city we track in Nevada.
Cost of living in Nevada is shaped mostly by rent across the 1 city we track there. A one-bedroom apartment runs around $1,181 a month — about the same as the $1,191 median across the 28 states we track.
Median household income across those cities is $70,723, about the same as the $71,716 median across the states we track. Nevada has no state income tax and a 6.85% state sales tax.
State Medians
Median 1BR Rent
$1,181
Median Home Value
$395,300
Median Income
$70,723
Avg Temperature
68.4°F
Medians across the Nevada cities we track — not a statewide population-weighted figure.
State Taxes
State Sales Tax
6.85%
State Income Tax (top rate)
None
Cities in Nevada
Compare Nevada with
Nevada cost of living — FAQ
- Is Nevada expensive to live in?
- Nevada is around the middle of the 28 states we track. Its median one-bedroom rent of $1,181 ranks #16 of 28 and is about the same as the $1,191 median.
- What is the average rent in Nevada?
- Across the 1 city we track in Nevada, average rent runs a studio around $992, a one-bedroom around $1,181, a two-bedroom around $1,401, a three-bedroom around $1,740 per month (US Census ACS).
- What is the median home price in Nevada?
- The median home value across the cities we track in Nevada is $395,300 — 24% higher than the $317,950 median across the states we track.
- Does Nevada have a state income tax?
- No — Nevada has no broad-based state income tax on wages. Its state sales tax rate is 6.85%; local jurisdictions may add more.
- How much do you need to earn to live in Nevada?
- To keep a one-bedroom rent of $1,181 near the recommended 30% of gross income, you'd want to earn roughly $47,000 a year. Median household income across the cities we track in Nevada is $70,723.
Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026 (state taxes).