Paradise, NV Economy


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Paradise, Nevada is a great place to call home. The city has an average 2 bedroom rent of $1,430 which is on par with the nation average. It also has a grocery cost index of 101, which is slightly higher than the national average of 100. Paradise is located near Las Vegas and offers a great quality of life for its residents. Some notable businesses in the area include MGM Grand Las Vegas, Wynn Resorts, Caesars Palace, Red Rock Casino Resort & Spa, Planet Hollywood Las Vegas Resort & Casino, and Bellagio Las Vegas Hotel & Casino. All of these companies offer great employment opportunities for locals as well as plenty of entertainment and shopping options.

Paradise has an unemployment rate of 8.8%. The US average is 6.0%.

Paradise 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 40.3%, which is higher than the US average of 33.5%.

Tax Rates for Paradise
- The Sales Tax Rate for Paradise is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Paradise 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 Paradise
- The average income of a Paradise resident is $24,625 a year. The US average is $28,555 a year.
- The Median household income of a Paradise resident is $50,085 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyParadise, NevadaUnited States
  Population by Occupation
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