Nevada’s 2023 Cost of Living: A Family-Friendly Perspective

Nevada: A Great State to Raise a Family

Nevada, also known as the Silver State, is a great place to raise a family. Its unique culture, entertainment, and affordability have made it an attractive option for those seeking a different pace of life. Nevada ranks highly in quality of life for families with its low crime rates, good schools, and job opportunities for both parents. However, living in Nevada can come with its own set of challenges for a family.

Affordability and Cost of Living

The cost of living in Nevada varies depending on where you live. Overall, it is more affordable than other states in the Western United States but can be more expensive than the national average. The median household income in Nevada is $61,000, which is slightly lower than the national average of $68,000.

When it comes to housing, the average home price in Nevada is $294,000, which is higher than the national average of $231,000. However, the median rent for a two-bedroom apartment is $1,050, which is lower than the national average of $1,200. In general, housing costs are higher in the major cities like Las Vegas and Reno. However, many families choose to live in the surrounding suburbs where housing and rent costs are more affordable.

Other cost of living factors can vary depending on the family’s lifestyle and location. For example, the price of groceries and utilities in Nevada is similar to the national average. However, things like transportation and healthcare can be more expensive due to the lack of public transportation and a shortage of healthcare providers in some areas.

Family-Friendly Culture and Entertainment

Despite the challenges, living in Nevada can be a great option for families. The state is known for its vibrant and entertaining culture, with plenty of outdoor activities for children and adults. Nevada is also home to some of the best schools in the country, including many top-rated universities such as the University of Nevada, Las Vegas and the University of Nevada, Reno.

Job Opportunities and Salaries

In addition, Nevada attracts families due to its job opportunities. The state boasts a low unemployment rate of 4.5%, and a diverse economy with multiple industries that have taken off in recent years, including technology and renewable energy.

According to recent salary data, some occupational fields in Nevada offer high salaries that can cover the state’s high cost of living. For example, the Chief Executive Officer (CEO) position offers an average annual salary of $236,496, while Management Occupations, including General and Operations Managers, provide an average annual salary of $112,715.20. Additionally, Computer and Information Systems Managers earn an average annual salary of $127,441.60.

On the other end of the salary spectrum, jobs such as Cleaners and Packagers offer lower salaries but play a crucial role in keeping the city running smoothly.


Overall, living in Nevada as a family with two working parents and two kids can be both affordable and enjoyable. There are many areas to choose from, with a variety of options to fit different budgets and lifestyles. Whether you’re looking to live near the city lights or in a quiet suburb, there is something for everyone in Nevada. It’s essential to research the job market and see which jobs offer the best salaries, growth potential, and job security when considering a move to Nevada.

This content was created by Our team derives unique insights by analyzing contemporary data from trusted sources such as the Bureau of Labor Statistics, Redfin, MIT Living Wage, among others. Should you choose to utilize this data, we kindly request that you provide a link back to our resource.