Cost of Living in Nevada: Cities Where Household Expenses are Highest and Lowest in 2024
What is the cost of living in Nevada? doxo breaks down key insights about Nevada’s household expenses, with a close look into how bills differ between towns and cities across the state.
According to doxo’s The Cost of Bills Index™ (COBI), the average household in Nevada pays $2,279 in monthly expenses. doxoINSIGHTS compares the cost of the ten most common household bills across different regions. This includes Utilities, Cable & Phone, Mobile Phone, Auto Loans, Auto Insurance, Life Insurance, Health Insurance, Alarm & Security, Rent, and Mortgage.
The data sheds light on Nevada’s cost of living through other metrics as well. For example, the “percent of household income” data point shows what percentage of their household income residents spend on bills each month.
By leveraging these tools, residents can gain a clearer understanding of their household expenses and optimize their financial planning.
Nevada ranks as the 16th most expensive state in the US for household bills
According to doxo’s COBI report, Nevada is ranked as the 16th most expensive state in the U.S. for household bills, making it the least expensive state for these expenses.
At $27,354 per year, Nevada’s household expenses, on average, are 7% higher than the US average of $25,513.
Absolute dollar amounts don’t tell the full story, however. doxo’s “Percentage of Household Income” data provides a more proportional look at bill spending in a particular location. Nevada households spend 37% of their income on bills.
COBI helps consumers understand how much it costs to live in one area as compared to another as it relates to the most common household bills. For COBI, the number 100 represents the national average and then, states, counties and cities are assigned a number, either above or below 100, based on how they compare to the national average. The COBI for Nevada is 107.
- Average Bill Cost per Household: $2,279 per month
- Cost of Bills Index(COBI): 107
- doxoINSIGHTS State Rank: #16
- Percent of Household Income Used for Bills: 37%
- Compared to the National Average: 7% higher
Nevada Household Expenses are 7% Higher Than the National Average
The average Nevada household pays $2,279 per month in the 10 most common household bills. The least expensive of these are alarm and security bills.
On the lowest end of the spectrum, the average monthly payment for alarm and security bills in Nevada is $90, compared to the national average of $85, making it 6% higher than average.
Monthly mortgage bills are the most significant of the 10 most common bills for Nevada residents. The average monthly mortgage payment is $1,586, compared to the national average of $1,402, making it 13% more expensive.
Average Nevada Household Bill Spending
| Bill Category | Average Nevada Monthly Bill | National Average Monthly Bill | Nevada Percent +/- National Average |
| Mortgage | $1,586 | $1,402 | 13% higher |
| Rent | $1,389 | $1,300 | 8% higher |
| Auto Loan | $578 | $496 | 17% higher |
| Utilities | $305 | $362 | 16% lower |
| Auto Insurance | $208 | $209 | 1% lower |
| Health Insurance | $135 | $114 | 18% higher |
| Mobile Phone | $116 | $121 | 4% lower |
| Cable & Internet | $111 | $122 | 9% lower |
| Life Insurance | $89 | $87 | 2% higher |
| Alarm & Security | $90 | $85 | 6% higher |
| Total | $2,279 | $2,126 | 7% higher |
*Household Bill Pay Expense averages shown above reflect the ten most common bills paid, including housing (rent/mortgage).
Incline Village has the highest cost of living in Nevada for household bills
Residents of Incline Village pay the highest household bills in the state of Nevada, at an average of $2,974 per month. The Cost of Bills Index (COBI) for Incline Village is 140, meaning the average cost of bills in this city is 40% higher than the national average.
In proportion to household income, monthly bills in Incline Village makeup 23% of the average annual household income of $154,372.
Access detailed infographics about each city or town by clicking on the hyperlinks in the “City” column in the tables below. You can also browse doxoINSIGHTS’ regional bill comparison database to see infographics about more than 4,200 cities and towns across all 50 states in the US.
10 Most Expensive Nevada Cities for Household Bills
| Rank | City | Average Income | Monthly Bill Expenses Per Household | Cost of Bills Index (COBI) – Standard | % +/- Than the National Average | Percent of Household Income Used for Bills |
| 1 | Incline Village | $154,372 | $2,974 | 140 | 40% higher | 23% |
| 2 | Sparks | $88,357 | $2,785 | 131 | 31% higher | 38% |
| 3 | Fernley | $84,104 | $2,687 | 126 | 26% higher | 38% |
| 4 | Elko | $87,718 | $2,603 | 122 | 22% higher | 36% |
| 5 | Dayton | $82,913 | $2,426 | 114 | 14% higher | 35% |
| 6 | Las Vegas | $69,527 | $2,407 | 113 | 13% higher | 42% |
| 7 | Spring Creek | $106,915 | $2,405 | 113 | 13% higher | 27% |
| 8 | Henderson | $86,592 | $2,291 | 108 | 8% higher | 32% |
| 9 | Reno | $82,677 | $2,284 | 107 | 7% higher | 33% |
| 10 | Gardnerville | $79,754 | $2,251 | 106 | 6% higher | 35% |
*Household Bill Pay Expense averages shown above reflect the ten most common bills paid, including housing (rent/mortgage).
Pahrump has the lowest cost of living in Nevada for household bills
Out of 19 cities, Pahrump is the most affordable place in Nevada, with residents paying $1,632 on average for household bills, accounting for 37% of annual income of $53,590. The Cost of Bills Index (COBI) for Pahrump is 77, meaning the average cost of bills in this city is 23% below the national average.
Laughlin is the second most affordable city in Nevada, with residents paying $1,840 per month on average.
Also on the list of the 10 least expensive cities in Nevada are Mesquite ($1,884), Winnemucca ($1,938) and Fallon ($1,983).
10 Most Affordable Nevada Cities for Household Bills
| Rank | City | Average Income | Monthly Bill Expense Per Household | Cost of Bills Index (COBI) – Standard | % +/- Than the National Average | Percent of Household Income Used for Bills |
| 10 | Gardnerville | $79,754 | $2,251 | 106 | 6% higher | 34% |
| 11 | Boulder City | $76,356 | $2,159 | 102 | 2% higher | 34% |
| 12 | North Las Vegas | $73,907 | $2,089 | 98 | 2% lower | 34% |
| 13 | Carson City | $68,677 | $2,030 | 95 | 5% lower | 35% |
| 14 | Sun Valley | $69,785 | $2,002 | 94 | 6% lower | 34% |
| 15 | Fallon | $69,922 | $1,983 | 93 | 7% lower | 34% |
| 16 | Winnemucca | $77,783 | $1,938 | 91 | 9% lower | 30% |
| 17 | Mesquite | $68,552 | $1,884 | 89 | 11% lower | 33% |
| 18 | Laughlin | $44,885 | $1,840 | 87 | 17% lower | 49% |
| 19 | Pahrump | $53,590 | $1,632 | 77 | 23% lower | 37% |
*Household Bill Pay Expense averages shown above reflect the ten most common bills paid, including housing (rent/mortgage).
Some individuals might be considering moving from a more expensive city to a less expensive one. For those making such decisions, doxoINSIGHTS can be a valuable resource. It allows consumers to compare household expenses in Nevada with average bills in various cities and states nationwide.