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Cost of Living in Las Vegas (2024 Update)

What is the cost of living in Las Vegas in 2024? Despite a noticeable increase, Las Vegas remains notably more affordable than many major US cities. The median household income hovers around $66,356, with an average of approximately $86,000. Minimum wage stands at $10.25 per hour for those with qualifying health benefits and $11.25 for those without. One of the major draws of Las Vegas is its favorable tax structure. The city boasts no state income tax, unlike California with its top-tier rate of 12.3%. Overall, Las Vegas offers a cost of living that is substantially lower than many other major cities. Check out this full video to learn about the cost of living in Las Vegas in 2024 so you can decide before moving to Las Vegas! Here is the comprehensive guide on the property taxes in Las Vegas -    • Las Vegas Property Taxes Explained - ...   Thinking about buying, selling, or investing in real estate? Schedule Your Free Consultation here: 👉https://www.thethomasgrouplv.com/free... 🚨Subscribe to this channel: 👉https://bit.ly/ThomasGroupLV 🌐 Visit our website: https://www.thethomasgrouplv.com/ 📲 Instagram:   / thethomasgrouplv   👍Our Google Reviews: https://bit.ly/ThomasGroupLVReviews We pride ourselves in helping our clients realize their real estate goals through great communication, expert negotiation, and genuine service. Kathryn Harouni The Thomas Group - Real Broker, LLC (702) 605-2269 x 6 [email protected] thethomasgrouplv.com BS.146728 0:00 Intro to Cost of Living in Las Vegas 0:50 Income 1:03 Housing Costs 2:12 Homeowner's Insurance 2:35 Rent Prices 2:52 Utilities 4:00 Taxes 5:18 Cost of Groceries 5:38 Transportation Costs 7:09 Cost of Living in Las Vegas vs. Other Major US Cities #costofliving #lasvegasrealestate #livinginlasvegas