Quality of Life in Las Vegas, NV on a $118,720 Annual Salary
Living in Las Vegas with an annual income of $118,720 can offer a comfortable lifestyle, but various factors such as cost of living, housing, healthcare, and education come into play to define the overall quality of life. Below is an assessment of these major factors compared to the broader United States.
Cost of Living
- Overall Cost: Las Vegas has a cost of living index slightly higher than the national average, primarily due to housing and entertainment expenses.
- Utilities and Groceries: Utilities are fairly priced, often aligning closely with the national averages, while groceries can vary but generally remain competitive.
- Transportation: Costs for transportation are reasonable, with options ranging from public transit to car ownership fitting well within this salary range.
Housing Market
- Median Home Prices: The median home price in Las Vegas is somewhat above the national average, reflecting its popularity and continuous population growth.
- Renting: Renting remains a viable option, with prices moderate compared to coastal metros but can be a significant portion of the monthly budget.
- Property Tax: Relatively low property taxes can make home ownership more appealing to those looking to invest in real estate.
Quality of Life
- Recreational Opportunities: Las Vegas offers numerous recreational activities, from world-class entertainment and dining to outdoor adventures in nearby Red Rock Canyon and Mount Charleston.
- Work-Life Balance: Opportunities for flexible working arrangements in various industries can contribute to a better work-life balance.
- Community: A diverse population and thriving community events enhance the social aspect of living in Las Vegas.
Access to Healthcare
- Healthcare Quality: Las Vegas has several well-regarded hospitals and healthcare facilities that provide quality care but may have longer wait times due to increasing demand.
- Insurance Options: Various insurance plans are accessible, and the income level allows for comprehensive healthcare coverage.
Quality of K-12 Schools
- Public Schools: The quality of public K-12 education in Las Vegas is mixed, with some schools outperforming others. Performance often depends on district and neighborhood.
- Private and Charter Schools: There are numerous private and charter school options available for families seeking alternative education for their children.
Summary
Living in Las Vegas on a salary of $118,720 can support a comfortable lifestyle, although housing costs may pose a challenge compared to
