Quality of Life in Las Vegas for a Salary of $87,120

Overview

Las Vegas, Nevada is known for its vibrant entertainment scene, but it also offers diverse residential options. An individual earning $87,120 a year enjoys a decent quality of life relative to the local cost of living and the national averages. Here's an analysis that covers the cost of living, housing market, quality of life, access to healthcare, and education.

Cost of Living

• Overall Expenses: Las Vegas has a slightly lower cost of living compared to the national average. Essential expenses such as groceries, transportation, and utilities are relatively affordable.
• Taxes: Nevada has no state income tax, which is a significant saving compared to many other states.
• Entertainment and Dining: With its reputation as a tourist hub, Las Vegas offers a range of dining and entertainment options, which can vary greatly in price.

Housing Market

• Average Home Prices: As of 2023, the median home price in Las Vegas is moderately high, yet it remains more affordable than other major cities such as Los Angeles or San Francisco.
• Renting vs. Owning: For those not ready to purchase a home, rental prices are reasonable, though they have been trending upwards.
• Investment Potential: The housing market has shown appreciation over recent years, making it an attractive option for long-term investment.

Quality of Life

• Climate and Lifestyle: Las Vegas boasts a dry desert climate, appealing to those who prefer warm weather. The city offers ample recreational activities, both indoors and outdoors, ensuring a well-rounded lifestyle.
• Employment Opportunities: Beyond the gaming and hospitality industries, Las Vegas has been expanding in sectors like technology, health, and finance, providing diverse employment prospects.

Access to Healthcare

• Healthcare Facilities: Las Vegas provides access to quality healthcare with numerous hospitals and specialized centers. The city has improved its healthcare facilities and services over the past decade.
• Insurance Coverage: Nevada offers both public and private health insurance options. Those on a salary of $87,120 can afford various insurance plans that provide comprehensive coverage.

Quality of K-12 Schools

• Public Schools: The quality of public schools in Las Vegas can vary. Some areas have schools that perform well academically, while others may struggle in certain metrics.
• Private and Charter Schools: Las Vegas offers several private and charter schools,