salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.2 years of household income. Commutes are short, about 16.8 minutes.
How much money do I need?
To rent here comfortably, you should earn about $20,800 a year. That is $10 an hour at a full-time job.
Is rent cheaper than other New Mexico cities?
Yes. Rent here is cheaper than in most of New Mexico. It is number 2 of 44 cities from cheapest to most expensive.
How much do households earn in Las Vegas?
Share of households by yearly income. 13.0% of households earn $100,000 or more.
Rent by apartment size in Las Vegas
| Size | Las Vegas | U.S. average |
|---|---|---|
| 1 bedroom | $491 | $1,324 |
| 2 bedrooms | $953 | $1,509 |
| 3 bedrooms | $1,209 | $1,698 |
| 4 bedrooms | $678 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Las Vegas overall?
Everyday prices in New Mexico overall are 8% below the U.S. average (index 92.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Las Vegas, so the New Mexico figure is shown.
Taxes and bills in Las Vegas
Life in Las Vegas
Is it cheaper to rent or buy in Las Vegas?
Renting is cheaper right now: about $558 a month less.
Owning assumes a typical $155,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,530 for the down payment.
Frequently asked questions
What is the average rent in Las Vegas, NM?
Renting in Las Vegas costs a median of about $520 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in Las Vegas?
To keep rent under 30% of income, you need about $20,800 a year, or $10 an hour at a full-time job.
Is Las Vegas cheap or expensive?
Las Vegas is rated Cheap: rent takes 12.8% of the typical household income of $48,667. It ranks 2nd cheapest of 44 New Mexico cities we track.
How much are property taxes in Las Vegas?
The median homeowner in Las Vegas pays $1,121 a year in property taxes, about 0.72% of the median home value.
Is Las Vegas more expensive than the national average?
Overall prices in New Mexico are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Las Vegas?
The median home value in Las Vegas is $155,300, about 3.2 times the typical yearly household income.
13,000 people live in Las Vegas. Numbers are typical (middle) values.