Quality of Life in Las Vegas, NV on a $113,840 Salary

Living in Las Vegas, NV, on a $113,840 annual salary provides a relatively comfortable lifestyle when compared to the broader United States. Below is an analysis of various factors impacting quality of life.

Cost of Living

• Overall Cost: Las Vegas has a cost of living slightly above the national average. Housing costs constitute the largest factor, but other areas remain reasonable.
• Utilities and Groceries: These are relatively affordable compared to other major cities, adding to disposable income even at higher earnings.

Housing Market

• Home Prices:
  • Median home prices in Las Vegas are often lower than in many other major U.S. cities, averaging around $428,000 as of late 2023.
  • A $113,840 salary makes purchasing and maintaining a home manageable, with mortgage payments consuming a moderate portion of income.
• Rental Market:
  • Rent prices have been increasing but remain competitive, offering both affordable and luxury options.

Quality of Life

• Entertainment and Leisure:
  • Las Vegas offers a vibrant cultural scene, with numerous entertainment, dining, and recreational activities, contributing positively to life satisfaction.
• Traffic and Commute:
  • While traffic congestion can be challenging during peak hours, the city's infrastructure supports relatively smooth commutes compared to other urban areas.

Access to Healthcare

• Healthcare Quality:
  • Las Vegas has a network of well-rated hospitals and health facilities, ensuring access to quality medical care.
  • Health insurance costs are in line with the national averages, making healthcare relatively accessible.

Quality of K-12 Schools

• Public Schools:
  • The quality varies significantly across neighborhoods, with some schools excelling and others needing improvement.
  • Many families consider private or charter schools for a potentially higher standard of education.
• Education Investment:
  • There is an ongoing investment in improving educational infrastructure and standards.

Summary of Assessment

Living in Las Vegas with a $113,840 salary supports a comfortable and enjoyable lifestyle. The reasonable housing costs and diverse entertainment options enhance overall life satisfaction. While the public school system and traffic patterns pose challenges, they are balanced by accessible healthcare and a vibrant cultural atmosphere.