Historical data
Pick an indicator to see its long-run evolution.
Cost of living index
2010–2024MERIC composite index, U.S. average = 100.
Cost of Living Index
Nevada's overall cost of living is close to the national average, helped by having no state income tax, though Las Vegas and Reno rents have risen sharply since 2020.
Regional Price Parity, all items
2008–2024BEA Regional Price Parities (SARPP line 1).
| Indicator | Nevada | U.S. |
|---|---|---|
| Regional Price Parity, all items2024, BEA Regional Price Parities | 100 | 100 |
- •Nevada has no state income tax, which partly offsets its above-average housing costs.
- •Las Vegas rents rose faster than almost any large U.S. metro between 2021 and 2023.
Housing Costs
Housing is the main driver of Nevada's elevated cost of living, with median home values and rents well above the national median.
Housing price parity (rents)
2008–2024BEA Regional Price Parities, housing (SARPP line 3).
| Indicator | Nevada | U.S. |
|---|---|---|
| Housing price parity (rents)2024, BEA Regional Price Parities | 114.1 | 100 |
Utility Costs
Nevada's utility costs are near the national average, aided by abundant sunshine that supports growing residential solar adoption.
Utilities price parity
2008–2024BEA Regional Price Parities, utilities (SARPP line 4).
Electricity price per kWh (West region)
1979–2024BLS Average Price Data, annual average (APU040072610).
| Indicator | Nevada | U.S. |
|---|---|---|
| Utilities price parity2024, BEA Regional Price Parities | 90.5 | 100 |
Food Costs
Grocery prices in Nevada run slightly above the U.S. average, reflecting the state's heavy reliance on imported food and goods trucked into the desert.
Goods price parity
2008–2024BEA Regional Price Parities, goods (SARPP line 2).
Food price index (West region)
2006–2025BLS CPI-U food, West region, annual average (CUUR0400SAF1).
| Indicator | Nevada | U.S. |
|---|---|---|
| Goods price parity2024, BEA Regional Price Parities | 96.3 | 100 |
Healthcare Costs
Healthcare costs in Nevada are close to the national average, though the state has a below-average supply of physicians relative to its population.
Medical care price index (West region)
2006–2025BLS CPI-U medical care, West region, annual average (CUUR0400SAM).
Transportation Costs
Transportation costs in Nevada are above average, driven by long commuting distances in the Las Vegas Valley and gasoline prices among the highest in the West.
Regular gasoline price
1993–2025U.S. EIA weekly retail price, all formulations, West Coast region (PADD 5), annual average (EMM_EPMR_PTE_R50_DPG).
| Indicator | Nevada | U.S. |
|---|---|---|
| Regular gasoline priceWeek of 2026-10-05, U.S. EIA weekly retail price | $5.73 per gallon | $4.35 per gallon |