This post was updated on January 6th, 2023 with most recent trends and data.
Navigation Jump Links
- Las Vegas At-a-glance
- What it’s like to live in Las Vegas
- Economy and job outlook in Las Vegas
- Real estate in Las Vegas
- The top neighborhoods in Las Vegas
- How to get around in Las Vegas
- School and education snapshot
- Weather and climate in Las Vegas
- 10 can’t miss things to do in Las Vegas
Thinking about moving to Las Vegas?
While Las Vegas is widely considered to be a great place to visit — The Las Vegas Strip is, after all, the most visited tourist attraction in the world — it hasn’t been widely considered to be a great place to live. Ironically, the attractions that draw millions of people to Las Vegas every year for vacation—the epic pool parties, yard-long cocktails and a “what happens here, stays here” mentality — are some of the same things preventing people from seriously considering calling the city home.
But as the locals will tell you, there is a lot more to Las Vegas than what most people glimpse during a weekend bachelor or bachelorette party. Vegas boasts a surprisingly large number of nearby options for nature lovers. You can go jet skiing or kayaking on Lake Mead, hiking or rock climbing in Red Rock Canyon and camping or skiing on Mt. Charleston, which are all 30 to 45 minutes away. The Grand Canyon, Zion, Bryce and Joshua Tree national parks are also within driving distance.
While Vegas certainly isn’t for everyone, for the open-minded person in search of a city that’s truly unique, this desert oasis can be a surprisingly wonderful place to live.
Las Vegas is More Than Elvis Impersonators and World-Class Entertainment
“Culture” probably isn’t the first word people associate with the city most known for its Elvis impersonators, smoky dive bars and tacky resort themes. This is, after all, the city that boasts the world’s largest Hooters.
Las Vegas is slowly changing, however. Art and culture-focused revitalization projects have been underway downtown and in Henderson’s Water Street District, where dread-locked artists and flannelled hipsters can often be spotted wandering the mural-lined streets.
Once upon a time, Las Vegas was known for its $5.99 all-you-can-eat buffets and dollar shrimp cocktails. While both of those things can still be found hidden in corners of Station Casinos, the Strip has, for the most part, become a foodie mecca, and a pricey one at that. In fact, Vegas’ dozen Michelin-star restaurants have earned the city the distinction of being in the top 10 of WalletHub’s Top 25 Best Foodie Cities in America. Almost every celebrity chef has a restaurant in Las Vegas: From Nobu to Guy Savoy and at one point, even rapper Flava Flav.
But outside the tourist corridor, you’ll find an abundance of affordable and delicious hole-in-the-wall eats. The fast-growing Asian population has resulted in an explosion of Asian fusion restaurants both in and outside of Chinatown. What’s more, almost every nationality of food in the world can be found here: from Cajun and Ethiopian to Mongolian, French and Vietnamese.
Even though Vegas lacks most major sports teams, there are a number of fun sporting events that roll—and ride, in the case of the National Finals Rodeo—into town each year. The top sporting events held annually in Vegas include: Ultimate Fighting Championship (UFC) fights, the NASCAR Spring Cup series and the PGA Tour. The National Hockey League granted a franchise to Las Vegas in 2017, which means the Vegas Golden Knights are the first major sports team to represent Sin City.
Las Vegas Economy Embodies a Remarkable Resilience
Like elsewhere in the country, Las Vegas’s economy plummeted as the pandemic battered the tourism market. But even amid rising inflation and fears of a recession, Las Vegas has shown its resilience, with visitation nearly back to where it was before the start of the pandemic in 2020. A recent report says “Las Vegas welcomed more than 30 million people last year and that included a relatively weak period in the first half. This market has continued the momentum from the prior year.” Pent-up demand means visitor numbers and job growth have shot up, and housing prices are once again on the rise.
Today, more than one-fourth of adults in Las Vegas work in the leisure and hospitality industry, mixing margaritas, dealing cards and fluffing hotel pillows for the over 32 million visitors that frequent Vegas’s many restaurants, bars and casinos.
Thus, it likely comes at no surprise that of Nevada’s five largest employers, six of the top 10 are all in the gaming industry: Wynn Las Vegas, Bellagio LLC, MGM Grand Hotel/Casino, Aria Resort & Casino LLC, Mandalay Bay Resort and Casino, and The Venetian/Palazzo Casino Resort. Other major employers with headquarters in the Vegas Valley include the online shoe retailer Zappos and the air carrier Allegiant.
Unemployment rate: 5.6% (as of October 2022)
Average weekly wages for all industries: $1,288 (third quarter 2022)
A Low Cost of Living Means Vegas is An Affordable Place to Live
Population growth has been on the rise in Las Vegas for several decades, especially among 20 and 30-somethings, and will be among the fastest growing cities by 2060. The population is expected to grow from over 2.3 million in 2022 to 4.4 million (90.5 percent population jump), which puts that growth at the fifth highest of all 384 U.S. metro areas. And it’s easy to see why. The low cost of living and the variety of high-paying jobs in the service and hospitality industry make the Neon City an affordable place to live for aspiring young professionals.
Even though the cost of living in Las Vegas is 3 percent higher than the national average, valets and other resort employees are still able to live a middle-class life working an entry-level job, thanks in part to reasonable housing costs. The typical three-bedroom home in Vegas sells for $301,753, with rentals averaging $1,506 a month. Nevada is also one of seven states with no state income tax.
Read our guide to top Las Vegas neighborhoods, then consult our list of best Las Vegas realtors to help make your search easy.
Funky and Eclectic Neighborhoods With Ample Affordable Housing
If The Strip is the only thing that comes to mind when you think of living in Las Vegas, you should know there’s more to the city than just casinos. Safety, walkability, and outdoor activities are all underrated qualities of Las Vegas neighborhoods. Here are the best neighborhoods in Las Vegas to suit your lifestyle:
Henderson
Ample housing, great schools and wedged between two beautiful national parks sits popular Henderson. It’s great for families and close enough to the strip to access entertainment and restaurants.
Summerlin
For young professionals who want to enjoy hiking and biking with a killer view, Summerlin is your neighborhood. The upscale area was designed by Howard Hughes, which gives it a less suburban and more hipster vibe.
Downtown Las Vegas
Not to be confused with The Strip, DTLV (as locals call it), is experiencing a revitalization which means historical buildings are being turned into high-rise apartments and hip coffee shops. It’s also the best area for foodies.
The Strip
The reason a lot of people come to Vegas IS for ample entertainment options so consider The Strip if you’ve got money to spend and want to throw it down for top-tier housing. As an added bonus: you’re guaranteed to never get bored.
Arts District
The Arts District is an affordable area full of eclectic boutiques selling art, furniture, clothing and anything else you might need. It’s tucked between the DTLV and The Strip and offers families and young professionals a funky alternative to the glitzy glam that is quintessential Vegas.
