Are you dreaming of living in Las Vegas? If so, you’re not alone. Nevada offers a low cost of living and affordable housing compared to many American cities. The Las Vegas Valley is roughly 600 square miles, but those miles are jam-packed with wild fun and entertainment. Get ready for 24/7 entertainment, sunny weather, and a vibrant culture like no other city nationwide. Undeniably, life in this Nevada desert oasis is enchanting.
Regarding location, affordability, and amenities, Vegas is hard to beat. Financially speaking, this exciting Southern Nevada city is ideal for buying a home. Housing costs and the cost of living in Vegas are favorable compared to other major cities in the West, such as Los Angeles, Seattle, and San Francisco. Speaking of fun cities, homeowners in Vegas need to prepare for plenty of visitors, friends, and family stopping by.
Naturally, with all of the fun Sin City offers, from gambling to sports and entertainment, there is always something drawing crowds to town. Built for tourism, the North Las Vegas Airport and the Harry Reid International Airport put the world at your doorstep, making inbound and outbound travel a breeze. Let’s roll the dice, revealing the benefits of relocating to Vegas, and discover if this city is the perfect jackpot.
1. Living in Las Vegas is Affordable
Believe it or not, life in Sin City is affordable. From housing costs to groceries, Vegas offers its homeowners and residents lower prices than most comparable cities in America. Take California, for example; the median home price in Los Angeles is in the 800K range, and San Francisco consistently hits the one million price point and higher, whereas the median home in Vegas, according to RentCafe, is $518.876 in 2024. Additionally, PayScale reports that the cost of living in Las Vegas, Nevada, is 1% lower than the national average. Couple that with the lack of state income tax when weighing the pros and cons of living in Las Vegas, NV, and Vegas is a lucrative option.
In general, Nevada welcomes new business and encompasses the entrepreneurial spirit of both old-world and cutting-edge industries. For this purpose, favorable tax implications in the Silver State compel industries worldwide, including Tesla, Panasonic, Amazon, MGM Resorts International, Cox Holdings, Johnson Electric, and Caesars Entertainment. The workforce is alive and well in Sin City. From hospitality, logistics, healthcare, and technology, Vegas’s steady stream of tourism demands commerce, and its opportunistic job market is proof.
2. Living in Las Vegas is Exhilarating
Commonly known as the “Entertainment Capital of the World,” this vibrant city boasts captivating talent. From Fremont Street to the iconic Las Vegas strip, non-stop world-class entertainment dazzles and captivates visitors. If the curtain becons, The Smith Center teems with Broadway shows. Vegas nightlife is often compared to New York, erupting with ballet, philharmonic, acrobatics, concerts, nightclubs, and shows.
For foodies, dining in Vegas is revolutionary. Regarding hospitality, it’s hard to beat a city built around wine and dining tourism. Nestled within this unique city are more restaurants and culinary options than most anywhere in the nation. What is the best part? What’s the best part of living in a city that never sleeps? Locales are often open seven days a week. Additionally, since Vegas is the land of tourism, ride-sharing and public transportation are abundant. As a solution for the congestion around the major casinos, the Monorail runs up and down The Strip, transporting passengers through the bustling area.
Without a doubt, Vegas sports fans are elated to host the impressive Allegiant Stadium, the new home of the Las Vegas Raiders (NFL). With its 65,000-person capacity, this iconic venue generates $620 million annually and 6,000 permanent jobs for Vegas residents. Another popular sporting venue, the T-Mobile Arena, is home to the Vegas Golden Knights NHL hockey team and seats 20,000 energy-packed hockey fans.
3. Living in Las Vegas is Warm
Discover the land where sunshine and warmth provide summer weather year-round. From locals to tourists and retirees to school age, outdoor life in the 70-90’ subtropical hot desert climate sets the perfect stage for living your best life. Vegas’s spring, fall, and winter months are delightful, and outdoor recreation is abundant.
The radiant climate in Vegas ramps up to soaring numbers from June through August. As a result, many residents choose these months for vacationing in milder locales. Here’s a fun travel hack: prices typically drop during these months; for those interested in snagging a cheap getaway, June through August is ideal.
4. Living in Las Vegas is Inviting
Welcoming over 40 million visitors annually, Vegas is undeniably used to newcomers. The best part of moving to a city built around hospitality and tourism is the naturally welcoming nature of its residents. With the influx of visitors comes tourism-driven business opportunities. Naturally, the city is fertile ground for service-based business and entertainment-based companies.
Predominately, four industries dominate the economy in Vegas: Casinos, Entertainment, Sports, and Events. As a result, Vegas’s economy remains steady. Besides, the leading industries in Vegas are technology, data centers, healthcare, logistics, and transportation, making employment in Southern Nevada relatively easy.
With roughly 665,000 residents and an influx of travelers flowing into the city limits from international conferences, huge shows, events, and headliners drawing enormous crowds, there is ample opportunity for growth and progression within the city. Vegas takes urban living seriously. As a solution to the never-ending need for city services, Vegas prioritizes infrastructure and continually improves. For example, the city recently launched seven new innovative parks equipped with free wireless internet in parks, neighborhoods, and downtown. It garnished the IDC Smart Cities North America Award for enabling innovative “Smart” technology to enhance public safety and quality of life.
5. Living in Las Vegas is Wild
Prepare to be captivated by the natural beauty of the Nevada desert. Nestled around the sky-scraping casinos and gigantic stadiums are multiple national parks. It’s true; within a 5-hour radius of the city are Lake Mead, Tule Springs Fossil Beds, Zion, Mount Charleston, Mojave, Red Rock Canyon’s National Conservation Area, and many more. Every single day, these gorgeous parks enchant Nevadans and tourists alike on adventures, biking, hiking, horseback riding, and exploring the picturesque scenery of Clark County. Unquestionably, the Grand Canyon is one of the most incredible landmarks in our nation, and driving from Vegas to Arizona to take in its splendor is about 280 miles.
The mild winters of Southern Nevada and its dry heat offer relief for many new residents from humid climates and virtually bug-free outdoor activities. When Southern Nevada heats up, locals beat the heat in nearby Henderson. Home to Lake Las Vegas! In Henderson, water recreation reigns supreme. Combatting the scorching Vegas heat, adventurers take up paddleboarding, kayaking, water jet packs, hoverboarding, and even a wild boatless cable system for wakeboarding and lakeside entertainment.
Neighborhoods to Check out
Regarding housing and neighborhood selection, Vegas is relatively straightforward at its core. Although variety is the spice of life in this bustling city, most neighborhoods often follow the demographic of many major cities.
Firstly, singles, retirees, and young professionals who love the energy of The Strip regularly purchase properties downtown in high-rises. Next, families and laid-back locals often choose neighborhoods like Summerlin, Green Valley Ranch, Southern Highlands, and other suburban areas. Thirdly, Vegas offers guard-gated communities with significant properties in Ascaya, Macdonald Highlands, and The Ridges.
Nestled throughout this big city, Pro athletes, billionaires, and actors often reside in areas with expansive views, larger lot sizes, and privacy. Some hot neighborhoods for homebuying in the upper echelon are The Summit, Billionaires Row in Summerlin, Lake Las Vegas, and Spring Valley.
In any event, Vegas has a neighborhood to suit any lifestyle and demographic. From getting to grocery stores to NFL games, Vegas is an accessible city to travel.
Ready to Move to Las Vegas?
Imagine experiencing life in the Silver State, where abundance, warmth, and scenic wonder await! Is Las Vegas your ideal locale? Given all these points, such as a lack of state income tax, affordable real estate, and low property taxes, buying a home in Vegas is favorable.
Why not get the ball rolling and buy into the American dream by connecting with a lender who can finance your next real estate adventure? Now is the best time to improve your quality of life and finance a new home in Nevada. Taking the plunge and purchasing a new property in Las Vegas is only a click or a phone call away.
The Steps are Simple:
Schedule a Call: An experienced loan officer can discuss your needs and guide you through the possibilities.
Get Approved: We’ll help you through the application process and facilitate the steps for approval.
Exhale: Put your feet up and feel secure knowing you made the best decisions about your home loan.
With proper guidance, you can get your first home, accommodate your growing family, and start that renovation project—whatever goal is on the horizon. An alliance with Mortgage Insiders will give you the confidence to know that your mortgage loan is setting you up for financial success. Mortgage Insiders offers today’s latest financial news and mortgage trends. Check out our channel for current events.
