Is it cheaper to live in Denver or Las Vegas? (2023)

Is it cheaper to live in Denver or Las Vegas?

Cost of Living Comparison Between Denver, CO and Las Vegas, NV. You would need around 5,219.60$ in Las Vegas, NV to maintain the same standard of life that you can have with 6,200.00$ in Denver, CO (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.

The cost of living in Las Vegas, NV is -12.8% lower than in Denver, CO. You would have to earn a salary of $52,326 to maintain your current standard of living. Employers in Las Vegas, NV typically pay 1.0% more than employeers in Denver, CO.

Colorado is 17.5% more expensive than Nevada.

Nevada vs. Nevada vs.

Moving to Las Vegas? The Entertainment Capital of the World is one of the best big cities to live in, thanks to affordable housing and living costs, no state income tax, great weather, and tons of entertainment options.

How much do you need to live comfortably in Las Vegas? To cover all your costs, you'll need around $2,500 per month, which comes to $30,000 annually. This includes $1,100 to $1,200 for rent, $200 for utilities, $400 grocery bill, car insurance, and gas money.

Part of the reason why the cost of living in Colorado is so high is because of the state's real estate and housing market, which is 34% more expensive than the national average.

Denver is the seventh most expensive of the 50 cities, with a typical home sales price of $598,233.

By the numbers: The Mile High City's median asking rent among the thousands of Denver-area listings posted through Dwellsy totaled $2,550 last month, a 45.7% spike from August 2021, the report showed. Denver is the ninth most expensive metro in the country.

Mississippi

Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average. The median single family home costs around $140,818.

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.

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.

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.

Learn more about how our Marketplace works and how we make money. On average, electricity users in Las Vegas, NV spend about $225 per month on electricity. That adds up to $2,700 per year. That's 21% higher than the national average electric bill of $2,226.

Denver, Colorado

Denver has seen expansive growth in recent years and it maintains a high level of income. The middle-class income range in Denver is $54,415 to $163,260.

What salary do you need to live comfortably in Colorado?

How much do you need to earn to live in Colorado? According to data from HowMuch.net, in order to comfortably afford to live in Colorado, you have to earn over $100,200 annually. This works out to earning about $8,350 per month.

Colorado has attracted many new residents who are drawn to the high quality of life in the state. The combination of job opportunities, beautiful weather, scenic views and a culture of wellness has proved irresistible to the Americans who have flocked to the state.

DENVER (KDVR) — Thousands of homebuyers have left the Denver metro area over the last few months, according to newly released data from Redfin. In fact, the Denver metro area ranks 10th in the U.S. for the total number of people that left the area instead of moving in during July and August of this year.