Nevada State is a state of contrasts and opportunities. The two bedroom rental rate in the state is slightly higher than the US average, at $1,450 per month. Grocery costs are on par with the national average, making it an affordable place to live. Nevada has become home to many businesses due to its favorable tax laws and strong economy. Local companies such as Zappos, MGM Resorts International, SolarCity Corporation, NV Energy and Barrick Gold Corporation have all found success in Nevada. Despite the relatively high cost of living, Nevada continues to be a great place for individuals and businesses alike.
Nevada has an unemployment rate of 7.6%. The US average is 6.0%.
Nevada 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 41.4%, which is higher than the US average of 33.5%.
Tax Rates for Nevada
- The Sales Tax Rate for Nevada is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Nevada 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 Nevada
- The average income of a Nevada resident is $26,515 a year. The US average is $28,555 a year.
- The Median household income of a Nevada resident is $65,686 a year. The US average is $69,021 a year.