Nevada cost of living
Can you afford to live in the Silver State?
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Every expense in Nevada, from rent to groceries and transportation, shapes your budget. While many are attracted to the vibrant cities and the promise of adventure, getting a clear picture of what it takes to cover your regular bills and plan for the future is essential.
To determine the cost of living in Nevada, our team reviewed data from the U.S. Bureau of Economic Analysis to understand average spending. We also used recent official sources to gather housing, food, transportation, health care and utility costs for a full picture of everyday expenses.
People in Nevada spend $54,054 each year on goods and services, on average.
Jump to insightThe median rent in Nevada is $1,351, versus the national median rent of $1,639.
Jump to insightResidents in Nevada spend $294.76 weekly on food at home.
Jump to insightAs of August 2025, Nevada’s average price per gallon of regular gas is $3.73.
Jump to insightRecent data shows that employees in Nevada pay $1,648 annually for employee-sponsored health insurance coverage.
Jump to insightThe average cost of living in Nevada
According to the U.S. Bureau of Economic Analysis (BEA), the average annual per-person spending in Nevada was $54,054 in 2023. This number reflects how much Nevadans spend on housing, health care, groceries, energy and other essentials each year.
Here’s a breakdown of the largest spending categories in Nevada:
| Category | Annual per-capita cost in Nevada |
|---|---|
| Housing and utilities | $10,329 |
| Health care | $7,198 |
| Food and beverages for off-premises consumption | $4,562 |
| Gasoline and other energy goods | $1,276 |
| All other personal consumption expenditures | $30,688 |
| Total cost | $54,054 |
Housing costs in Nevada
Housing takes up a significant share of most families’ budgets. According to 2025 data from Apartments.com, the average rent in Nevada is $1,351, which is less than the national average rent of $1,639. Rental prices in Nevada can change based on where you live and the type of property you choose. The U.S. Census Bureau’s 2023 American Community Survey reports these typical monthly rents in Nevada:
- One-bedroom rent: $1,333
- Two-bedroom rent: $1,575
- Three-bedroom rent: $1,930
- Four-bedroom rent: $2,228
If you’re considering purchasing a home, Nevada’s median home price is $468,500, which is slightly more than the U.S. median of $446,638.
Property taxes are another consideration. Nevada’s effective property tax rate is ranked at No. 42, with an average rate of 0.49%.
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Food costs in Nevada
Grocery spending can vary based on where you shop and your eating habits. Current U.S. Census data shows that the average weekly grocery bill in Nevada is $294.76, compared with the U.S. average of $270.21.
How much you actually spend on food depends on your day-to-day routine. If you mostly cook at home, you might be able to keep your grocery budget lower, especially if you shop at discount stores or buy in bulk. Dining out — especially in Nevada’s bigger cities and tourist destinations — can noticeably increase your monthly food costs, while rural areas often offer more affordable options for both groceries and restaurants.
Transportation costs in Nevada
Getting around in Nevada means factoring in gas prices and insurance. The average price for a gallon of regular gas is $3.73, which is slightly less than the national average of $3.13.
When it comes to auto insurance, the average premium in Nevada is $1,420.51, compared with the U.S. average of $1,258. These costs can make a difference in your monthly transportation budget, especially if you commute long distances or drive often.
Health care costs in Nevada
Health care is a major expense for many families, but in Nevada, employees pay $1,648 per year for employer-sponsored health insurance, with employers covering the rest of the $7,949 total premium.
Nationally, the average employee contribution stands at $1,640 out of a total cost of $8,182.
Utility costs in Nevada
Utilities can add up quickly each month. The average electric bill in Nevada is $145.62, which you can compare with the national average of $136.84.
Natural gas costs in Nevada are $12.48 per thousand cubic feet, while the U.S. average is $12.92. These rates affect how much you’ll pay to heat and power your home, especially during extreme weather.
FAQ
Does Nevada have a high cost of living?
No, Nevada does not have a high cost of living compared with the national average. Most everyday expenses in Nevada are slightly lower than what most Americans pay, including rent.
Is Nevada a good place to live?
Yes, Nevada is a good place to live if you value a lively mix of city attractions and outdoor recreation. The cost of living is slightly lower than the national average, and many people are choosing to move to Nevada for its range of rental options and vibrant communities. This makes Nevada an appealing choice for newcomers seeking both opportunity and affordability.
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Is Nevada good for renters?
Yes, Nevada is good for renters. The state offers a very high quality of life for renters, with strong tenant protections and a decent range of available rental units. Rent is cheaper than the national average, and options are broad, especially in larger cities. Those looking for affordable rent and solid renter protections may find Nevada especially appealing.
Article sources
ConsumerAffairs writers primarily rely on government data, industry experts and original research from other reputable publications to inform their work. Specific sources for this article include:
- Apartments.com, “Rent Trends.” Accessed Aug. 20, 2025.
- Redfin, “Redfin Data Center.” Accessed Aug. 20, 2025.
- Tax Foundation, “Where Do People Pay the Most in Property Taxes?” Accessed Aug. 20, 2025.
- United States Census Bureau, “Week 63 Household Pulse Survey: October 18 - October 30.” Accessed Aug. 20, 2025.
- AAA Gas Prices, “State Gas Price Averages.” Accessed Aug. 20, 2025.
- National Association of Insurance Commissioners, “2021/2022 Auto Insurance Database Report.” Accessed Aug. 20, 2025.
- KFF, “Average Annual Single Premium per Enrolled Employee For Employer-Based Health Insurance.” Accessed Aug. 20, 2025.
- U.S. Energy Information Administration, “2023 Average Monthly Bill- Residential.” Accessed Aug. 20, 2025.
