Nevada's cost of living index is 105 — 5.0% above the US average of 100. Compare purchasing power and equivalent salaries across states.
CoL Index
105
US avg = 100
vs. National Avg
+5.0%
More expensive
Median Income
$63,276
Nevada median household
Equiv. at US Avg
$60,263
Same purchasing power
| CoL Index | 105 | MIT/MERIC composite index (US avg = 100) |
| vs. National | +5.0% | Above average cost |
| Median Household Income | $63,276 | Nevada median (2023 ACS) |
| National Purchasing Power | $60,263 | Equivalent $ at US avg CoL |
| Overall Category | High | Qualitative classification |
| Population | 3,104,614 | 2020 US Census |
With a cost of living index of 105, Nevada is 5% above the national average. Higher costs in Nevada mean your dollar stretches less far than in most states. A salary of $63,276 in Nevada provides the equivalent purchasing power of $60,263 in a state with average cost of living.
Housing is typically the largest driver of cost of living differences between states.Nevada's median home price of $420,000 is significantly above the national median of approximately $310,000. Other factors include state income tax (none in Nevada), sales tax (6.85% state rate), and local property tax rates (0.6%).
