Economy in Las Vegas, NV

Las Vegas, Nevada is a bustling city full of entertainment and activities for people of all ages. It is known as the Entertainment Capital of the World and is home to some iconic companies like MGM Resorts International, Caesars Entertainment Corporation, Station Casinos and Red Rock Resorts. The average two bedroom rent in Las Vegas is $1,540 compared to the national average of $1,430. Additionally, grocery cost index in Las Vegas is 102 compared to the national average of 100. Las Vegas offers many attractions such as casinos, shopping outlets, live concerts, variety shows and much more. With its vibrant nightlife and exciting events year-round it remains one of the most popular places to visit.

Las Vegas has an unemployment rate of 8.9%. The US average is 6.0%.

Las Vegas has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 39.0%, which is higher than the US average of 33.5%.

Tax Rates for Las Vegas
- The Sales Tax Rate for Las Vegas is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Las Vegas is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Las Vegas
- The average income of a Las Vegas resident is $25,555 a year. The US average is $28,555 a year.
- The Median household income of a Las Vegas resident is $61,356 a year. The US average is $69,021 a year.