Planning your move to the Silver State? You’re not alone! More than 369,878 people are moving to Nevada annually, pushing the state’s population to over 3.1 million in 2024.
Companies are also moving to Nevada. The state witnessed 10,394 new businesses, indicating a strong economy and a robust job market. Nevada’s cost of living is $3919/mo, and the $0 state income tax appeals to potential movers, too.
3 Reasons to Move to Nevada
Nevada is one of the favorite relocation destinations for Americans. Here are three reasons to move to NV:
| # | Reasons to Move to NV | Key Highlight |
|---|---|---|
| 1. | Cost of Living | The average cost of living in Nevada is 9% higher than the national average. |
| 2. | Tax Benefits | The Silver State does not impose any state income taxes. |
| 3. | Employment | Nevada aims to add 39,100 jobs annually by 2030 across different sectors. |
1. Affordable Cost of Living
The cost of living in Nevada is 9.7% above the national average. However, it’s an attractive option compared to popular states like California and New York, where living costs are 38% and 26% above the national average.
Here’s a breakdown of monthly expenses in Nevada’s popular cities:
| City | Median Home Price | Median Home Rent | Public Transport | Utilities | Food |
| Las Vegas | $450,000 | $1,472 | $138 | $243.97 | $591 |
| Reno | $535,000 | $1,649 | $94.3 | 184.8 | $619 |
| Boulder City | $421,000 | $1,366 | $82.5 | $115.97 | $650 |
| Carson City | $530,000 | $1,443 | $63.3 | $188.86 | $681 |
2. Tax Benefits
Nevada is one of the few US states with no state income tax. For instance, if you earn $70,000 in Nevada, your after-tax income remains $70,000. In comparison, if you earned the same in California, where the income tax rate is 9.3% for this bracket, your disposable income would be $63,490.
Additionally, property taxes in Nevada are relatively low, averaging around 0.55% of a home’s value, compared to states like New Jersey, where they can be over 2.47%. The sales tax in Nevada starts at 6.85%, which is close to the national average.
3. Employment Opportunities in Nevada
Nevada’s robust economy offers various employment opportunities across several industries. The Silver State aims to add 39,100 jobs annually.
- Leisure and Hospitality: This sector is the largest employer in Nevada and is set to create 347,200 jobs by 2030. The state hosts major events like the Formula 1 Las Vegas Grand Prix and the Super Bowl. Key employers in this sector include Flamingo Las Vegas Hotel-Casino, Boyd Gaming, and Everi.
- Professional and Business Services: This sector includes jobs in management, technical services, and administration. It is one of the fastest-growing sectors, adding around 12,000 jobs in the past year. Top employers include PwC, Boundless Immigration, and Platinum Edge.
- Healthcare: The demand for healthcare services, especially in areas like nursing and social work, is high due to Nevada’s aging population and expanding healthcare infrastructure. This sector added 6,800 jobs last year. Top employers include HCA, Optum, and CVS Health.
Cost of Moving to Nevada 💲
There are additional costs involved in moving from one state to another. Here’s a breakdown of costs you may incur while relocating to NV:
1. Moving Costs ~ $345 to $3,630
Moving to NV involves several costs, including the costs involved in moving your belongings.
- Nevada movers typically cost $112 per hour. However, this figure depends entirely on your belongings and the distance traveled.
- If you want to DIY your move, renting a truck can be a better option. The average rent of a mid-size moving truck with a load capacity of 4,000-6,000 pounds ranges between $40 and $80 per day.
- 👉 Tip: Moving can be expensive, especially if you are selling your home before you move. In this case, you can use a Flat Fee MLS company to save on listing agent commissions. This way, you can have additional cash when you move to Nevada.
2. Utility Expenses ~ $400 to $500 Per Month
Apart from moving and housing costs, you will have to incur utility expenses when migrating to Nevada.
- When relocating to Nevada, you must set up utilities like gas, electricity, water, etc. The average utility bill in NV is around $376/month.
- You will have to register your vehicle in Nevada. The first-time registration cost of a passenger vehicle in NV is $33. A standard title fee costs around $28.25.
3. Housing Costs
Housing costs in the Silver State can vary depending on your location.
- In popular cities like Carson City, Reno, and Boulder City, the average rent ranges between $1,200 and $2000.
- However, if you’re looking to buy a house in Nevada, home prices vary across the state. Make sure you find cheap houses for sale in Nevada in your budget. Popular cities like Las Vegas have a median home price of $450K. On the other hand, the average cost of a home in smaller cities like Carlin is $165K.
4 Tips for a Seamless Move to Nevada ✅
Moving to a new place can be tough. Here are some tips to help you make a smooth transition.
- Research Cities and Neighborhoods: It’s important to research the area you want to live in. You must know if your home is in the city or suburbs. Find out where the nearby schools, hospitals, coffee shops, or restaurants are.
- Find the Living Costs: Your living costs will change once you migrate. Before moving to NV, get an estimate of the basic living expenses in your desired location.
- Visit the Neighborhood: Once you’ve decided where you want to live. You must visit that Nevada neighborhood in person and see what you feel about the area.
- Meet Your Neighbors: Connect with your neighbors and socialize. Local Facebook groups can be the best way to meet your neighbors.
