Quick facts: Las vegas, NV

Quick Facts

105.2
Cost of Living
above US average
656,274
Population
11.27
Crime Rate per 1000
below US average
$66,356
Median Income
below US average
$425,000
Median House Price
above US average
$1638.22
Average Rent
above US average
14%
Poverty Rate
above US average
6.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $66,356.

🏠

Income Needed to Buy

βœ— Stretch
$133k/year
Based on $425,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $133k vs median $66,356
🏒

Income Needed to Rent

⚠ Stretch
$70k/year
Based on $1638.22/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $70k vs median $66,356
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Las vegas, NV

Las Vegas, NV, often referred to simply as Vegas, is a renowned resort city famous for its vibrant nightlife, entertainment options, and bustling casinos. Nestled in the Mojave Desert, it serves as the largest city in Nevada and is a global hotspot for tourism and conventions. The iconic Las Vegas Strip, a 4.2-mile stretch of road, is lined with extravagant hotels and casinos, including renowned establishments like The Bellagio, Caesars Palace, and MGM Grand. Beyond the glitz of the casinos, Las Vegas offers a diverse cultural scene, featuring world-class dining, eclectic shows, and attractions such as the High Roller Observation Wheel and the Neon Museum. The city is also a gateway to stunning natural landscapes like Red Rock Canyon and the nearby Grand Canyon, appealing to outdoor enthusiasts. With a population of over 600,000 residents, Las Vegas has a rich history that includes significant growth driven by tourism, entertainment, and hospitality industries. The city's year-round warm climate further enhances its appeal, making it a popular destination for visitors from around the world.

πŸ” Search & Compare Places

First Location πŸ“