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Las Vegas may seem like the most ideal place to go for a vacation but it is also home to millions of people.
There are affordable suburbs where you can find a home for yourself or a family if you have one. Although several neighbourhoods in Las Vegas may be expensive, there are those that are cheaper.
While living in a cheaper place may help save a couple of dollars, you will not want to compromise on proximity to amenities, security and comfort.
At the end of the day, you will want value for your money like getting a one-bedroom instead of a studio.
Some factors that may determine the rent you may include your income, which will impact your cost of living. Compromising the quality of life may not be what you are after.
It is for that reason that I have put together a list of the cheapest places to live in Las Vegas.
1. Centennial Hills – Clark County
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This area is known for its shopping, restaurants and Casinos.
Additionally, the neighbourhood is rated highly on liveability and is one of the fastest-growing areas. It is a beautiful neighbourhood nestled in the northwest corner of Las Vegas.
Several of the residents that live here are in single-family homes. You may love it here if you plan to raise your family in a quiet and friendly neighbourhood.
Spending time outdoors here will be fun if you love going to the park. This is because there are several parks ideal for you and your family and even pets if you have them.
There are also beautiful monuments nearby like the Tule Springs Fossil Beds National Monument which has ice age fossil-themed trails. To get here you can use Moccasin Road and Durango Drive.
Other nearby attractions are Floyd Lamb Park, Tule Springs Ranch Historic Site, and Tule Springs Archaeological Site.
This is a dog-friendly neighbourhood with sidewalks and well-lit streets.
Practical information:
Amenities: There are grocery stores, restaurants, cafés, a hospital, nightlife, shopping, outdoor recreation, entertainment venues, gyms, and a variety of schools.
Buying a Home: from USD 400,000* to USD 700,000*
Size: 1,700 square feet to 3,500 square feet
Rent average per month: USD 2,362*
2. Summerlin – Perfect for families & Seniors
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Summerlin is another great and cheap area to live in. this neighbourhood is not only cheap but also safe and well maintained.
Located on the West of Downtown Las Vegas, Summerlin is a popular residential area with everything from modern-day apartments to spacious single-family homes.
This neighbourhood is surrounded by Red Rock Canyon. It is made up of a small community, has several green spaces, great local schools and tree-lined streets.
If you are an F1 fanatic, you can check out the Las Vegas Mini Grand Prix. Additionally, you can take the children to family activities like the Pumpkin Patch and Artisan Craft Festival.
Amenities: Red Rock Canyon National Conservation Area, Angel Park, Red Rock Casino Resort & Spa, summer concert series, local restaurants.
Buying a home: USD 328,923*
Rent average per month: starts from USD 1,364*
3. Lone Mountain – Perfect for Singles, young professionals, families, pensioners
The Lone Mountain area has the same name as the nearby peak outside of Red Rock Canyon. This area is perfect if you love the outdoors since there are several recreational spaces with scenic views of the city.
There are public parks, basketball and tennis courts at your disposal. The homes here are from Spanish Colonial properties to Mid-Century Modern estates.
For families with school-going children, there are excellent schools in Lone Mountain, like Somerset Academy which is a college prep school.
This area gives you a laid-back vibe while still offering convenient access to major roadways like Bruce Woodbury Beltway.
If you are wondering about security, there is the Las Vegas Metropolitan Police Department’s Academy and Police Memorial Park within Lone Mountain.
The park has a memorial wall dedicated to Las Vegas Metropolitan Police that died in the line of duty.
Practical Information:
Buying: starts at USD 224,867*
Rent average per month: $1,291*
4. The Lakes
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This next area in Las Vegas is a master-planned community in Spring Valley near Summerlin.
It is located west of Las Vegas and covers an area of about two square miles. Additionally, it got its name from the 30-acre Lake Sahara.
Most of the houses here are from the mid-80s and have varying designs and residential units. You can go for a condo, an apartment or a lakefront house.
The Lake is out of the way from downtown Las Vegas and the Strip. Here you will find a mixture of gated communities, commercial areas, and offices.
Its streets are wide and are lined with mature pine trees. Furthermore, there are bike trails, restaurants, and fishing at the lake This area has been ranked the best to live in Las Vegas.
You can use a car to get around or run errands or opt to walk or ride a bike.
Practical Information:
Amenities: highest-ranked schools in the state, spas, coffee houses, restaurants,
Buying: Starts at USD 305,152 *
Rent average per month: Starts at USD 1,111*
5. Huntridge District –Dog-friendly, historic buildings
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Several houses in this neighbourhood were built between the 1950s and 1970s.
The architecture in this neighbourhood takes you back to the 19th century with its cosy cottages and classic South-western ranch-style homes.
Driving to the Strip will take you about 10 minutes. You can also access the Huntridge Theatre close to the Strip.
The Theatre was designed by architect S. Charles and was opened in 1944 during World War II. Although the theatre is not operational, it is on the National Register of Historic Places.
Families with dogs will love it here since it is dog-friendly.
Practical Information:
Amenities: Huntridge Circle Park, Historic Huntridge Theater, Near the Vegas Strip, Nightlife Nearby, Quality Restaurants.
Size: From 1,000 square feet to 2,000 square feet
Buying a home: starts from USD103,271*
Rent average per month: starts from USD 800* to USD 1,800*
6. Desert Shores
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Desert Shores was developed in 1988 and has 22 different residential districts. The residential homes range from condominiums to apartments and bungalows.
You can also opt for a lakefront house with a private dock and direct access to the lake. Each of the homes here has private gates.
Some of the residential districts are Sage Pointe, Biscayne Bay, Discovery Bay, Beachport, Tradewinds, and others.
The area has four man-made lakes, a lagoon swimming pool, a beach area, volleyball courts, basketball courts, and a playground.
You can also go fishing at the lake, but here is the catch, you have to release the fish back to the water, not your plate!
If you want to ride the boat, have it registered and ensure it does not have a gasoline motor.
Amenities: community docks, a clubhouse, Lake Jacqueline, Lakefront Homes, With Private Docks, Four Man-Made Lakes, a Lagoon-Style Swimming Pool and multiple walking trails.
Buying: Starting from USD184,500
Renting average per month: starting from USD 1,473
7. Spring Valley
Photo by Tierra Mallorca on Unsplash
The crime rate at Spring Valley is low compared to other areas in Las Vegas. It, therefore, means that this place is great to raise a family or retire in your forever home.
Residents here enjoy the safe environment where the children can play peacefully as well as enjoy several other recreational activities.
If you consider this neighbourhood, You will be far from the commotion and bustle of the city. To get to the Strip, you will only have a short cab ride there.
Practical Information:
Median home value: $168,400
8. Sunrise
Sunrise is another desirable neighbourhood to live, raise a family and work in. The community here is tightly-knit and is made up of homeowners as well as renters.
Considering owning a home here is great since they are affordable and beautiful. Most of the homes are gated and there is 24/7 security too.
This neighbourhood has about 200,000 residents. There are several schools in this area, parks and water parks in the area.
Practical Information:
Home Value: $170,700*
Median Rent: $958*
FAQs
The Cheapest areas to live in Las Vegas? ›
Of all the cheapest neighborhoods in Las Vegas, Twin Lakes is the most affordable. The cost of living in Twin Lakes is less than the Las Vegas average and the U.S. average. Residents in the area say the neighborhood makes it easy to run errands on foot — like going to convenience stores or the post office.
What is the cheapest city to live in Las Vegas? ›Of all the cheapest neighborhoods in Las Vegas, Twin Lakes is the most affordable. The cost of living in Twin Lakes is less than the Las Vegas average and the U.S. average. Residents in the area say the neighborhood makes it easy to run errands on foot — like going to convenience stores or the post office.
What is the safest city to live in Las Vegas? ›The safest neighborhood in the Las Vegas metro area is Anthem. With a population of 13,035, Anthem is a located just outside Las Vegas, in Henderson. The local crime rate that is 98% safer than the Nevada average. Anthem residents enjoy a spacious yet urban vibe with a median home price of $426,138.
Where should I live in Las Vegas if I am single? ›- Downtown.
- Green Valley South.
- Rancho Charleston.
- Summerlin.
- Tule Springs.
What salary do you need to live in Las Vegas? According to MIT's Living Wage Calculator, a single person would need to make at least $15.90 per hour to live comfortably in Las Vegas. (It defines “living wage” as the amount an individual needs to earn to support themselves and their family.)
Is Vegas affordable to live? ›Cost of Living in Las Vegas, Nevada by Expense Category
Las Vegas's housing expenses are 10% higher than the national average and the utility prices are 2% higher than the national average. Transportation expenses like bus fares and gas prices are 13% higher than the national average.
The safest areas in Las Vegas are Summerlin and The Lakes because they are less known to tourists, and most of the locals keep to themselves.
Is Henderson Nevada a cheap place to live? ›Housing expenses in Henderson are 39% higher than the national average and 19.2% more expensive than Las Vegas housing costs, while utility prices are 6% lower than the national average. To live comfortably in Henderson, a good salary is anything over $57,000. The average household income in Henderson is $75,430.
Why is it so cheap to live in Vegas? ›Is it expensive to live in Las Vegas? Living in Las Vegas is surprisingly inexpensive because of the relatively low cost of living, reasonable property taxes, and no state income tax.
What city in Nevada has the lowest crime rate? ›Boulder City, Nevada
Boulder City is considered the safest city to live in Nevada, according to Safewise.com. It's population is 16,556, median income is $69,746 and violent crime rate for 2023, 2022 and 2021 is 1.6, 1.4 and 1.2, respectively.
What is the most common crime in Vegas? ›
Property crimes are motor vehicle theft, arson, larceny, and burglary. Your chance of becoming a victim of any of these crimes in Las Vegas is one in 39. Importantly, we found that Las Vegas has one of the highest rates of motor vehicle theft in the nation according to our analysis of FBI crime data.
What is the fastest growing neighborhood in Las Vegas? ›Summerlin. Located to the west and partly within the official city limits, Summerlin is one of the fastest-growing and most affluent Las Vegas neighborhoods.
How much does it cost to live in Las Vegas monthly? ›Housing (Buy and Rent)
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Las Vegas is $1,460, while home prices circle around $491,447. Thinking of moving?
What is the average salary in Las Vegas? As of May 23 the average annual salary in Las Vegas is $59,162. Just in case you need a simple salary calculator, that works out to be approximately $28.44 an hour. This is equivalent of $1,137 a week or $4,930 a month.
How much is the average electric bill in Las Vegas? ›On average, Las Vegas, NV residents spend about $194 per month on electricity. That adds up to $2,328 per year.
Is $2000 dollars enough for Vegas? ›$2000 should be more than enough, even at Venetian.
Some must sees that are free include Bellagio conservatory, Freemont street light show downtown. It might be a $12 trip downtown by cab, plus tip, but you can spend a whole afternoon & evening down there and check out Binions, Main Street Station (good brew), etc.
- Amarillo, Texas. ...
- Meridian, Mississippi. ...
- Tupelo, Mississippi. ...
- Muskogee, Oklahoma. ...
- Jackson, Mississippi. ...
- Topeka, Kansas. ...
- Richmond, Indiana. ...
- Salina, Kansas.
With the cost of living 4% higher than the national average, Las Vegas is considered a relatively affordable place to live primarily for its low taxes. Since there is no Nevada state income tax due to the money tourists bring into the state, Las Vegas is a great place to live simply for its tax-free living.
What I wish I knew before moving to Vegas? ›- Think About What You Want Close By.
- Select The Right Neighborhood For You.
- Think About Your House Must-Haves.
- Don't Avoid The Strip.
- The Strip Is Not “Downtown”
- The Strip Isn't Even In Las Vegas.
- It's Not Hot Year-Round.
- Love The Outdoors? You've Come To The Right Place.
To cover the expenses of rent or mortgage, utilities, food, transportation, and healthcare, it's estimated that a single person will need to budget $2,205 per month and a family of four will need to budget $4,152 per month.
Where do most people in Las Vegas work? ›
Top Industries in Las Vegas
The tourism, gaming, and entertainment industries provide more than 315,000 jobs in the state of Nevada, with an average earning per job of nearly $40,000 a year. This number includes a 14.8% increase in the last decade. More than a fifth of these jobs are found in restaurants.
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $16.86 | $33.78 |
| Poverty Wage | $6.53 | $11.07 |
| Minimum Wage | $10.50 | $10.50 |
When it comes to safety, generally speaking people consider both Henderson and Summerlin safe places to live. Henderson was named the #2 safest large city in America by AdvisorSmith. Summerlin has many gated and guard-gated communities to provide an extra layer of security.
What is the average electric bill in Henderson NV? ›On average, Henderson, NV residents spend about $186 per month on electricity. That adds up to $2,232 per year. That's 14% higher than the national average electric bill of $1,964.
Are rent prices going down in Las Vegas? ›Rents across the Las Vegas Valley decreased by 2.2 percent in the first quarter of 2023 compared to the same period last year, with the average rent now $1,430 a month, according to a report from the Nevada State Apartment Association, which represents rental housing owners in Nevada.
Is Vegas cheaper than California? ›Even when you do stay home, prices are generally higher in Los Angeles. Groceries in Los Angeles cost about 17-percent more than they do in Las Vegas. Sure, you'll probably save money eating at home in either city, but your overall bill will still probably be lower if you do your grocery shopping in Las Vegas.
Is Las Vegas cheaper to live than California? ›The cost of living in Los Angeles, CA is 40.1% higher than in Las Vegas, NV. You would have to earn a salary of $84,079 to maintain your current standard of living. Employers in Los Angeles, CA typically pay 10.4% more than employeers in Las Vegas, NV.
What major US city has the lowest crime rate? ›MoneyGeek's report also ranked the safest cities in America with populations over 100,000. The safest city on this list was Naperville, Illinois, a suburb of Chicago. This city has an overall crime cost per capita of $156. Next on the list was Sunnyvale, California, followed by West Covina, California.
Where is the safest place to live in Nevada 2023? ›The Home of Hoover Dam — Boulder City — is Nevada's safest city for 2023 with an overall crime rate of 5.5 incidents per 1,000 people, according to crime research organization Safewise that analyzed violent and property crime data from the FBI.
What is the least wealthiest county in Nevada? ›Nye County extends from the central part of Nevada down to the state's southwestern border with California. With a median annual household income of $47,300, Nye is the only county in Nevada where most households earn less than $50,000 a year.
Where not to stay in Vegas? ›
- West Las Vegas. Notorious for drug and gang activity, the most dangerous neighborhood is West Las Vegas, located northwest of the Strip. ...
- Naked City. ...
- East Las Vegas / Whitney. ...
- Charleston Heights. ...
- Huntridge. ...
- Downtown.
As for violent crime, Las Vegas is higher in murders and rapes, while Los Angeles is higher in robberies and aggravated assaults. In the property crime category, Las Vegas has twice the number of burglaries, about the same in larceny/theft, higher in motor vehicle theft and about 1/7th the number of arson incidents.
Is Las Vegas safe for a single woman? ›Solo female Vegas safety tips
It's pretty much as safe as any other city in the US. There is police in the street, hotels have security, night clubs have bouncers, and casinos have security cameras. But that does not mean anything goes! Arrive in Vegas during the day.
Mobsters assimilated into the scene, bringing criminal activity with them. Soon, prostitution and other shady businesses started to rise in the area. Because of the male-focused entertainment and soaring crime rates, Las Vegas earned its notorious nickname, Sin City in the early 1930s.
Are a lot of people moving to Las Vegas? ›(FOX5) - More people and more Californians keep moving to Nevada every year, according to UNLV researchers. The data shows a continued influx of people in 2021 and 2022, despite higher mortgage rates and the start of an economic slump.
Does it snow in Las Vegas? ›Normally, snow is a rare occurrence in Las Vegas, with the National Weather Service reporting an average of 0.3 inches per year in the mountain valley. Of course, most snowfall occurs higher up in the mountains that surround the city, rather than in Las Vegas itself.
Which side of Vegas is better? ›What is the best part of the Las Vegas Strip? The Main Strip is the best part of the Las Vegas Strip. Most of the places you want to see will be within walking distance of the Main Strip. You will catch the sights of the Bellagio Fountains, pass through many luxury hotels, and encounter vibrant bars and nightclubs.
Where do seniors live in Las Vegas? ›Centennial Hills. One of the best places in Las Vegas to buy a home, Centennial Hills is a great neighborhood for retirees to settle down in! While still located within city limits, Centennial Hills is far enough from The Strip and Downtown Las Vegas to provide a more suburban feel.
What is the best zip code to live in Las Vegas? ›89138. #1 Best ZIP Codes to Live in Las Vegas Area.
Where do millionaires live in Nevada? ›One of the most expensive places to live in Southern Nevada is MacDonald Highlands, a renowned guard-gated community in Henderson, NV. Homes easily run into the multi-million-dollar range and there have been record-breaking sales over the years.
What is the Golden Age of Vegas? ›
Nevada's Golden Age of Gambling covers the gambling era of 1931-1981.
Why Las Vegas house is so cheap? ›Nevada has no income tax and among the lowest property taxes in the country. These money-saving factors combine to make Las Vegas homes more affordable.
What is the safest area in Las Vegas? ›The safest neighborhood in the Las Vegas metro area is Anthem. With a population of 13,035, Anthem is a located just outside Las Vegas, in Henderson. The local crime rate that is 98% safer than the Nevada average. Anthem residents enjoy a spacious yet urban vibe with a median home price of $426,138.
Where do millionaires hang out in Vegas? ›The Bellagio and Caesars Palace are surprisingly popular with the world's richest people. The two Las Vegas hotels also happen to be the most affordable hotels on the list.
What is the cheapest city to live in Nevada? ›1. North Las Vegas. Named after its juxtaposition to Las Vegas, North Las Vegas is the most affordable city in Nevada. With a population of over 250,000 residents, North Las Vegas makes a great home for those wanting to experience big city life without living in Las Vegas proper.
What is the best city to live in Las Vegas? ›The best areas to live in Las Vegas include Summerlin, The Lakes, and The Arts District. Each of these areas offers different styles of living, so there are neighborhoods for everyone's preferences.
Is Vegas or LA cheaper? ›The big difference comes in terms of rent prices. Rent prices in Los Angeles are substantially higher than they are in Las Vegas. In fact, rent prices are about 84-percent higher.
Is it cheaper to live in AZ or NV? ›The cost of living in Las Vegas, NV is -4.4% lower than in Phoenix, AZ. You would have to earn a salary of $57,370 to maintain your current standard of living. Employers in Las Vegas, NV typically pay 2.9% more than employeers in Phoenix, AZ.
Is it cheaper to live in Las Vegas or California? ›The cost of living in Los Angeles, CA is 40.1% higher than in Las Vegas, NV. You would have to earn a salary of $84,079 to maintain your current standard of living. Employers in Los Angeles, CA typically pay 10.4% more than employeers in Las Vegas, NV.
What is a nice suburb of Las Vegas? ›What is the nicest suburb of Las Vegas? There are many nice Las Vegas suburbs, with Summerlin being at the top of the list. Summerlin is close to many great schools, plenty of gorgeous outdoor areas, and also has many affordable housing options.
Is Las Vegas more expensive than Florida? ›
Cost of Living Comparison Between Las Vegas, NV and Orlando, FL. You would need around 5,833.4$ in Orlando, FL to maintain the same standard of life that you can have with 5,500.0$ in Las Vegas, NV (assuming you rent in both cities).
Why are Californians moving to Las Vegas? ›“It's still relatively cheaper than the cost of living in California. Our taxes are more forgivable. It's a lot lower here as a small business,” Yang said.
Is tax cheaper in Vegas than California? ›Sales Tax California vs Nevada
Nevada's sales tax is much smaller by comparison. The state sales tax in Nevada is 4.6%, which is 2.65% lower than its neighbor to the west. Like in California, different cities and municipalities often add in local sales taxes.
Las Vegas is an exciting place to live in the US, with 24/7 entertainment, lots of outdoor recreation available, and diverse restaurants and festivals to visit. The are some obvious downsides to living in Las Vegas, like extreme summer heat, higher crime rates, and a big gambling scene.
What is the average electric bill in Las Vegas? ›Monthly electric bills are a product of how much electricity you use per month and your electric rate. In Las Vegas, NV, the average monthly electric bill for residential customers is $194/month, which is calculated by multiplying the average monthly consumption by the average electric rate: 1,086 kWh * 18 ¢/kWh.