Cost of living in Las Vegas
Las Vegas, known for its vibrant nightlife and entertainment, is a city that attracts many visitors and residents alike. Understanding the cost of living in Las Vegas is crucial for anyone considering moving to or visiting this bustling city.
This guide provides a detailed breakdown of the various expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20.89 on average, with a range between $15 and $40.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $75, with prices ranging from $50 to $120.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $11 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $10, imported beer $6 to $10, cappuccino $3 to $8.5, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.66 and $1.32 per liter, averaging $0.92.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $5.51, with an average price of $3.87.
- Eggs (Dozen) - A dozen eggs range from $2.2 to $5, averaging $3.5.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.16 to $6.61 per kg, while oranges range from $1.98 to $6.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.88 and $6.59 per kg, and lettuce costs $0.99 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2 and $5, with a monthly pass priced between $40 and $65.
- Fuel (Gasoline) - Gasoline is priced between $0.92 and $1.22 per liter.
- Taxi Fares - Taxi fares start at $3.5, with a cost of $1.71 to $4.35 per km and $32 to $32.4 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1200 to $2000, averaging $1517.97.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1120 to $1900, averaging $1365.74.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2200 to $3500, averaging $2670.41.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1900 to $2750, averaging $2247.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2152.78 to $4090.29, averaging $3104.08.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $1776.05 to $2906.26, averaging $2493.11.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $160 and $350, averaging $234.62.
- Internet - Internet services range from $50 to $120, with an average cost of $71.31.
Cost of Living Rankings
Las Vegas ranks 30th on the Cost of Living rankings in United States. The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Las Vegas offers a diverse range of dining options, with prices varying significantly between casual and upscale restaurants.
Grocery prices in Las Vegas are relatively moderate, with essentials like milk and bread being affordable.
Transportation costs are reasonable, with public transport and fuel prices being accessible for most residents.
Housing in Las Vegas can be expensive, especially in the city centre, but there are more affordable options outside the centre.
Utilities and internet services are moderately priced, contributing to the overall cost of living in the city.
Conclusion
In conclusion, Las Vegas presents a varied cost of living landscape, with certain areas like housing and dining being more expensive than others.
Prospective residents should consider their lifestyle preferences and budget accordingly, taking advantage of the city's diverse offerings to balance costs effectively.