Quality of Life in Las Vegas, NV for an Annual Income of $93,520

Overview

Las Vegas, Nevada, is a vibrant city known for its entertainment, dining, and nightlife. For residents making an annual income of $93,520, understanding how this salary compares to the cost of living and housing market in Las Vegas is essential. Here’s an assessment of how this income level can support a quality lifestyle in comparison to the broader United States.

Cost of Living

• General Living Costs:

  • The cost of living in Las Vegas is slightly above the national average.
  • Utilities and groceries are generally comparable to the national levels.
  • Dining out and entertainment options are varied, with choices ranging from budget-friendly to luxurious.

• Transportation:

  • Costs are moderate, with public transport available but might not cover all areas efficiently.
  • Owning a vehicle is common, and gas prices are typically around or slightly below the national average.

Housing Market

• Home Prices:

  • The median home price in Las Vegas is slightly higher than the national average, yet still more affordable than cities like Los Angeles or New York.
  • Renting can be affordable depending on proximity to the city center, with outer suburbs offering more space for money.

• Home Ownership Feasibility:

  • With an income of $93,520, home ownership is feasible, especially if purchasing in well-priced neighborhoods.
  • Mortgage rates are consistent with national trends, making monthly payments manageable with careful financial planning.

Quality of Life

• Recreational Opportunities:

  • A wide array of entertainment options due to the city's vibrant nightlife and tourism-centric economy.
  • Proximity to national parks and outdoor activities for those looking for balance with nature.

• Work-Life Balance:

  • Diverse job market with employment opportunities in various sectors beyond the gaming industry.
  • Adequate income allows for leisure and vacation opportunities without significant financial strain.

Access to Healthcare

• Healthcare Facilities:

  • The city offers numerous hospitals and clinics; however, healthcare costs can be above average.
  • Health insurance is crucial to manage higher out-of-pocket expenses effectively.

• Quality of Healthcare:

  • The quality of healthcare is consistent with national standards, with specialists and general practitioners available.

Quality of K-12 Schools

• Public School System: