Financial Profile: Nevada
Financial landscape, tax rates, cost of living, and median income scoring for Nevada residents.
Nevada at a Glance
Avg Salary
$54,000
Cost of Living
104
Top Tax Rate
None
Adjusted Income
$51,923
Monthly Take-Home
$3,781
Max Rent (30%)
$1,350
Financial Genome at Median Income
Scores calculated for someone earning $54,000/yr in Nevada with typical expenses.
PPI
40
C
FPI
25
F
LRS
56
C+
REW
30
D
Living in Nevada: Financial Overview
Nevada has no state income tax, funded instead by gaming and sales taxes.
- No state income tax
- Growing tech sector in Reno
- Tourism economy
Major Cities
Las Vegas, Henderson, Reno, North Las Vegas
With a cost of living index of 104 (above the national average of 100), expenses are higher in Nevada. A $60,000 salary here has the purchasing power equivalent of only $57,692 in an average-cost area.
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