Before you decide to relocate to Nevada, it’s important to research the exact cost of living around the state. And that’s what we’re going to help you do.
These are the places in Nevada that cost a pretty penny — the most expensive cities in the state.
We used Saturday Night Science to compare the 2018-2022 American Community Survey on cost of living for the 33 places in Nevada with more than 5,000 people.
After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Nevada for 2024.
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Most Expensive Places To Live In Nevada For 2024
What’s the most expensive place to live in Nevada? Well, HomeSnacks crunched the numbers and discovered that Incline Village is the most expensive place to live in Nevada.
Laughlin (the cheapest place to live in Nevada) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.
And if you already knew these places were expensive, check out some more reading about Nevada and the most expensive cities in the country:
The 10 Most Expensive Places To Live In Nevada For 2024
/10
Population: 9,163
Cost Of Living Index: 167
Median Income: $155,195
Average Home Price: $1,400,026
Home Price To Income Ratio: 9.0x
More on Incline Village: Data | Cost Of Living | Real Estate
The overall cost of living in Incline Village is 167. The median income in Incline Village comes in at $155,195 and the average home value is $1,400,026 for 2024.
/10
Population: 29,724
Cost Of Living Index: 124
Median Income: $110,911
Average Home Price: $665,545
Home Price To Income Ratio: 6.0x
More on Summerlin South: Data | Cost Of Living | Real Estate
The overall cost of living in Summerlin South is 124. The median income in Summerlin South comes in at $110,911 and the average home value is $665,545 for 2024.
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Population: 6,499
Cost Of Living Index: 119
Median Income: $102,477
Average Home Price: $724,948
Home Price To Income Ratio: 7.1x
More on Johnson Lane: Data | Cost Of Living | Real Estate
The overall cost of living in Johnson Lane is 119. The median income in Johnson Lane comes in at $102,477 and the average home value is $724,948 for 2024.
/10
Population: 16,418
Cost Of Living Index: 116
Median Income: $119,830
Average Home Price: $591,570
Home Price To Income Ratio: 4.9x
More on Spanish Springs: Data | Cost Of Living | Real Estate
The overall cost of living in Spanish Springs is 116. The median income in Spanish Springs comes in at $119,830 and the average home value is $591,570 for 2024.
/10
Population: 225,461
Cost Of Living Index: 109
Median Income: $91,165
Average Home Price: $463,796
Home Price To Income Ratio: 5.1x
More on Enterprise: Data | Cost Of Living | Real Estate
The overall cost of living in Enterprise is 109. The median income in Enterprise comes in at $91,165 and the average home value is $463,796 for 2024.
/10
Population: 318,063
Cost Of Living Index: 107
Median Income: $85,311
Average Home Price: $461,416
Home Price To Income Ratio: 5.4x
More on Henderson: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Henderson is 107. The median income in Henderson comes in at $85,311 and the average home value is $461,416 for 2024.
/10
Population: 6,147
Cost Of Living Index: 106
Median Income: $66,157
Average Home Price: $573,750
Home Price To Income Ratio: 8.7x
More on Gardnerville: Data | Cost Of Living | Real Estate
The overall cost of living in Gardnerville is 106. The median income in Gardnerville comes in at $66,157 and the average home value is $573,750 for 2024.
/10
Population: 265,196
Cost Of Living Index: 105
Median Income: $73,073
Average Home Price: $526,202
Home Price To Income Ratio: 7.2x
More on Reno: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Reno is 105. The median income in Reno comes in at $73,073 and the average home value is $526,202 for 2024.
/10
Population: 5,955
Cost Of Living Index: 105
Median Income: $77,256
Average Home Price: $484,307
Home Price To Income Ratio: 6.3x
More on Indian Hills: Data | Cost Of Living | Real Estate
The overall cost of living in Indian Hills is 105. The median income in Indian Hills comes in at $77,256 and the average home value is $484,307 for 2024.
/10
Population: 14,868
Cost Of Living Index: 104
Median Income: $76,402
Average Home Price: $439,175
Home Price To Income Ratio: 5.7x
More on Boulder City: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Boulder City is 104. The median income in Boulder City comes in at $76,402 and the average home value is $439,175 for 2024.
Methodology: How We Determined The Most Expensive Places To Live In The Silver State For 2024
The two most important things to think about when it comes to being able to afford a city in Nevada are:
- How much money do I make?
- How much do I have to spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing, it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2018-2022 around incomes and costs. They are:
- Overall Cost Of Living Index
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
You can then compare these metrics in each of the places in Nevada to figure out which is the most expensive.
You are left with a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index to rank all of the 33 places in Nevada that have more than 5,000 people.
The place with the highest cost of living in Nevada according to the data is Incline Village. We updated this article for 2024. This article is our tenth time ranking the most expensive places to live in Nevada.
Summary: Taking A Chunk Out Of Your Paycheck In Nevada For 2024
Well, there you have it, the places in Nevada that have the highest cost of living, with Incline Village ranking as the most expensive city in the Silver State.
The most expensive cities in Nevada are Incline Village, Summerlin South, Johnson Lane, Spanish Springs, Enterprise, Henderson, Gardnerville, Reno, Indian Hills, and Boulder City.
Here’s a look at the most affordable cities in Nevada according to the data:
- Laughlin
- Pahrump
- Fallon
For more Nevada reading, check out:
- Best Places To Live In Nevada
- Cheapest Places To Live In Nevada
- 5 Most Dangerous Cities In Nevada
- Best Places To Raise A Family In Nevada
- Safest Places In Nevada
- Worst Places To Live In Nevada
Most Expensive Cities In Nevada
| Rank | City | Cost Of Living | Population | Median Income | Average Home Price | Home/Income Ratio |
|---|---|---|---|---|---|---|
| 1 | Incline Village | 167 | 9,163 | $155,195 | $1,400,026 | 9.0x |
| 2 | Summerlin South | 124 | 29,724 | $110,911 | $665,545 | 6.0x |
| 3 | Johnson Lane | 119 | 6,499 | $102,477 | $724,948 | 7.1x |
| 4 | Spanish Springs | 116 | 16,418 | $119,830 | $591,570 | 4.9x |
| 5 | Enterprise | 109 | 225,461 | $91,165 | $463,796 | 5.1x |
| 6 | Henderson | 107 | 318,063 | $85,311 | $461,416 | 5.4x |
| 7 | Gardnerville | 106 | 6,147 | $66,157 | $573,750 | 8.7x |
| 8 | Reno | 105 | 265,196 | $73,073 | $526,202 | 7.2x |
| 9 | Indian Hills | 105 | 5,955 | $77,256 | $484,307 | 6.3x |
| 10 | Boulder City | 104 | 14,868 | $76,402 | $439,175 | 5.7x |
| 11 | Sparks | 103 | 108,025 | $82,938 | $489,899 | 5.9x |
| 12 | Spring Creek | 103 | 15,062 | $109,952 | $358,671 | 3.3x |
| 13 | Gardnerville Ranchos | 103 | 12,057 | $76,917 | $494,955 | 6.4x |
| 14 | Spring Valley | 102 | 220,114 | $69,341 | $420,533 | 6.1x |
| 15 | Carson City | 101 | 58,249 | $67,465 | $458,244 | 6.8x |
| 16 | Las Vegas | 100 | 644,835 | $66,356 | $399,875 | 6.0x |
| 17 | Elko | 100 | 20,513 | $85,000 | $327,254 | 3.9x |
| 18 | Cold Springs | 100 | 11,029 | $85,851 | $419,972 | 4.9x |
| 19 | Winnemucca | 100 | 8,354 | $78,161 | $300,990 | 3.9x |
| 20 | Mesquite | 99 | 20,659 | $69,146 | $372,319 | 5.4x |
| 21 | Paradise | 98 | 189,733 | $55,224 | $374,130 | 6.8x |
| 22 | Dayton | 98 | 15,415 | $85,375 | $426,609 | 5.0x |
| 23 | Fernley | 97 | 23,035 | $84,025 | $368,372 | 4.4x |
| 24 | Lemmon Valley | 97 | 5,221 | $87,052 | $365,276 | 4.2x |
| 25 | North Las Vegas | 96 | 264,022 | $71,774 | $385,939 | 5.4x |
| 26 | Moapa Valley | 96 | 7,144 | $82,592 | $328,401 | 4.0x |
| 27 | Winchester | 93 | 37,531 | $45,709 | $282,111 | 6.2x |
| 28 | Sunrise Manor | 92 | 198,325 | $52,476 | $297,018 | 5.7x |
| 29 | Whitney | 92 | 44,720 | $58,624 | $304,527 | 5.2x |
| 30 | Sun Valley | 92 | 22,775 | $71,471 | $401,384 | 5.6x |
| 31 | Fallon | 90 | 9,243 | $63,490 | $350,672 | 5.5x |
| 32 | Pahrump | 89 | 44,711 | $54,988 | $333,513 | 6.1x |
| 33 | Laughlin | 83 | 8,184 | $44,359 | $260,644 | 5.9x |