Why not spend some time in the Silver State for your golden years? Nevada can be a fun place to retire. On the one hand, you can spend your retirement in some of its gorgeous desert landscapes. But, on the other hand, you can spend your retirement in Las Vegas to earn big bucks. There's a lot to do in this state, so it's quickly becoming a place that many seniors go to when they retire. But what about the living costs? You might be surprised to know they aren't as bad as you think.
In Nevada, the cost of living is over 8 points higher than the national average, but the price for utilities is relatively low, being 13 points below the national average. One downside is that houses can be pricey, but the median home cost is still lower. If you do your research, it is possible to find a cheaper home with low utilities. With that said, groceries and transportation can still be relatively high. The cost of living goes down depending on where you live. For example, you will spend less money if you aren't living in Vegas or the surrounding areas.
| COST OF LIVING | Nevada | United States |
|---|---|---|
| Overall | 108.5 | 100 |
| Grocery | 110.8 | 100 |
| Housing | 118.5 | 100 |
| Median Home Cost | $267,900 | $291,700 |
| Utilities | 87 | 100 |
| Transportation | 113.2 | 100 |
| Miscellaneous | 99.3 | 100 |
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