Cost of Living in Nevada
Housing costs, rent, income, and affordability for 125 cities in NV. Updated 2026.
Understanding the cost of living in Nevada is essential whether you're planning a move, comparing job offers, or evaluating real estate investments. This page breaks down housing costs, rent prices, and median household income for every city in Nevada, with comparisons to national averages.
Nevada's average home value of $339,777 is 39% above the national median of $244,900. The average median household income is $66,782, and average monthly rent is $727.
Most Affordable Cities in Nevada
Cities with population 5,000+ ranked by lowest median home value.
| # | City | Home Value | Rent | Income | Population |
|---|---|---|---|---|---|
| 1 | Silver Springs | $238,100 | $1,291/mo | $53,105 | 5,523 |
| 2 | Laughlin | $255,000 | $991/mo | $45,248 | 8,643 |
| 3 | Fallon | $262,700 | $1,194/mo | $65,699 | 9,371 |
| 4 | Pahrump | $283,400 | $1,152/mo | $58,560 | 45,811 |
| 5 | Elko | $285,400 | $1,174/mo | $75,630 | 20,624 |
| 6 | Winchester | $287,100 | $1,152/mo | $49,190 | 37,774 |
| 7 | Winnemucca | $290,500 | $969/mo | $80,844 | 8,391 |
| 8 | Sunrise Manor | $290,900 | $1,284/mo | $55,034 | 199,099 |
| 9 | Whitney | $299,700 | $1,477/mo | $63,480 | 46,268 |
| 10 | Spring Creek | $318,200 | $1,391/mo | $104,381 | 14,967 |
| 11 | Sun Valley | $321,000 | $1,161/mo | $76,108 | 22,697 |
| 12 | Fernley | $352,600 | $1,463/mo | $87,991 | 23,631 |
| 13 | Paradise | $358,400 | $1,287/mo | $58,874 | 186,178 |
| 14 | Moapa Valley | $360,600 | $1,007/mo | $83,571 | 6,699 |
| 15 | North Las Vegas | $372,300 | $1,605/mo | $76,772 | 270,773 |
Most Expensive Cities in Nevada
| # | City | Home Value | Rent | Income | Population |
|---|---|---|---|---|---|
| 1 | Incline Village | $1,315,700 | $1,963/mo | $162,821 | 9,152 |
| 2 | Johnson Lane | $708,200 | $2,017/mo | $105,871 | 6,405 |
| 3 | Summerlin South | $641,600 | $2,400/mo | $113,301 | 30,075 |
| 4 | Spanish Springs | $600,000 | $1,905/mo | $121,250 | 17,512 |
| 5 | Gardnerville | $504,200 | $1,508/mo | $67,878 | 5,811 |
| 6 | Reno | $498,600 | $1,453/mo | $78,448 | 268,959 |
| 7 | Indian Hills | $469,700 | $1,417/mo | $77,881 | 5,772 |
| 8 | Henderson | $465,000 | $1,750/mo | $88,654 | 324,523 |
| 9 | Gardnerville Ranchos | $464,800 | $1,456/mo | $87,971 | 12,185 |
| 10 | Sparks | $455,900 | $1,651/mo | $86,979 | 109,106 |
Highest Income Cities in Nevada
| # | City | Median Income | Home Value | Population |
|---|---|---|---|---|
| 1 | Incline Village | $162,821 | $1,315,700 | 9,152 |
| 2 | Spanish Springs | $121,250 | $600,000 | 17,512 |
| 3 | Summerlin South | $113,301 | $641,600 | 30,075 |
| 4 | Johnson Lane | $105,871 | $708,200 | 6,405 |
| 5 | Spring Creek | $104,381 | $318,200 | 14,967 |
| 6 | Enterprise | $93,980 | $449,300 | 232,043 |
| 7 | Dayton | $91,221 | $399,400 | 15,873 |
| 8 | Henderson | $88,654 | $465,000 | 324,523 |
| 9 | Fernley | $87,991 | $352,600 | 23,631 |
| 10 | Gardnerville Ranchos | $87,971 | $464,800 | 12,185 |
Cost of Living FAQ — Nevada
What is the average cost of living in Nevada?
The average median home value across Nevada cities is $339,777, with average rent of $727/month. The average median household income is $66,782.
What are the cheapest cities in Nevada?
The most affordable cities in Nevada by home value include Silver Springs ($238,100), Laughlin ($255,000), Fallon ($262,700).
What is the most expensive city in Nevada?
The most expensive city in Nevada is Incline Village with a median home value of $1,315,700.
How does Nevada compare to the national average?
Nevada's average home value of $339,777 is above the national median of $244,900. Median rent of $727/month is below the US average of $1,163.