Quick facts: North las vegas, NV

Quick Facts

105.3
Cost of Living
above US average
280,543
Population
22.26
Crime Rate per 1000
below US average
$71,774
Median Income
below US average
$289,990
Median House Price
above US average
$1385.87
Average Rent
below US average
13%
Poverty Rate
above US average
7.4%
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 $71,774.

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Income Needed to Buy

βœ— Stretch
$91k/year
Based on $289,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $91k vs median $71,774
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Income Needed to Rent

βœ“ Affordable
$59k/year
Based on $1385.87/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($71,774) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for North las vegas, NV

North Las Vegas, located just northeast of the Las Vegas Strip, is a vibrant city in Clark County, Nevada. It is known for its diverse community, exciting recreational opportunities, and growing economy. The city is characterized by its desert landscape, with a backdrop of scenic mountains and expansive open spaces. North Las Vegas has become a hub for families and businesses alike, offering affordable housing options and a variety of amenities. The city is home to multiple parks, sports complexes, and the popular Craig Ranch Regional Park, providing residents with ample outdoor activities. The local economy benefits from various sectors, including manufacturing, retail, and logistics, contributing to its rapid growth. Transportation is accessible, with nearby Interstate 15 and connections to the Las Vegas Monorail, making it easy for residents to commute to the bustling Las Vegas area. North Las Vegas also hosts a range of cultural and entertainment events, ensuring there’s always something happening in this dynamic city. Overall, North Las Vegas presents a unique blend of suburban living with easy access to the excitement of the Las Vegas entertainment scene.

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