Las Vegas, famously known as “Sin City,” is renowned for its vibrant nightlife, world-class entertainment, and bustling casino scene. Beyond the glittering lights of the Strip, Las Vegas offers a unique lifestyle with its own set of advantages and challenges. Whether you’re considering a high-rise apartment in downtown Las Vegas or a suburban apartment in Summerlin, this Redfin article will help you weigh the pros and cons of living in Las Vegas.
Fast facts about living in Las Vegas
- Population: Approximately 650,000 residents
- Average rent: $1,330 per month for a one-bedroom apartment
- Median home sale price: $450,000
- Public transit: RTC Transit provides bus services throughout the city
- Public parks: Over 100 parks and green spaces for recreation and relaxation
- Annual tourists: Approximately 42 million visitors each year
- Restaurants: Over 5,000, offering a variety of cuisines from around the world
1. Pro: Entertainment capital of the world
Las Vegas is internationally known as the Entertainment Capital of the World. The city offers an unparalleled array of entertainment options, from world-class shows and concerts to high-energy nightclubs and casinos. Residents can easily enjoy performances by top artists, Broadway-style productions, and major sporting events. Las Vegas also hosts big annual events like the Consumer Electronics Show (CES) and the Electric Daisy Carnival (EDC), attracting visitors from all over. Plus, there’s a thriving local theater and arts scene, with many venues offering a variety of performances and cultural events.
2. Con: Extreme weather
Las Vegas experiences extreme weather conditions, particularly during the summer months when temperatures can soar above 110°F. The intense heat can be uncomfortable and often limits outdoor activities to early mornings or late evenings. While winters are mild and enjoyable, the summer heat can be a challenge for those not accustomed to such high temperatures. Residents need to be prepared with proper cooling systems and hydration strategies. Additionally, the high temperatures can lead to increased utility bills due to the constant need for air conditioning.
3. Pro: No state income tax
One of the significant financial benefits of living in Las Vegas is the absence of state income tax. Nevada is one of the few states that does not impose a state income tax, which can result in substantial savings for residents. This financial advantage can help offset some of the higher costs associated with living in a major city.
4. Con: High utility costs
Despite the absence of state income tax, residents of Las Vegas often face high utility costs, especially during the summer months when air conditioning usage peaks. Utility costs in Las Vegas are about 9% higher than the national average due to the need for constant cooling. The cost of electricity can be significantly higher, impacting monthly budgets and requiring careful financial planning. During the hottest months, residents may see a substantial increase in their electricity bills, which can strain finances if not managed properly. It’s essential for residents to plan for these higher costs, especially those who are new to the area and might not be accustomed to the extreme summer heat.
5. Pro: Diverse culinary scene
Las Vegas boasts a diverse and world-renowned culinary scene. The city is home to numerous Michelin-starred restaurants and eateries led by celebrity chefs. From high-end gourmet dining on the Strip to a variety of international cuisines in local Las Vegas neighborhoods, there is something to satisfy every palate. The food scene in Las Vegas is a significant draw for food enthusiasts and provides a unique culinary experience.
Some notable restaurants in Las Vegas
- Joël Robuchon
- Bazaar Meat by José Andrés
- Raku
- Lotus of Siam
- é by José Andrés
- Hell’s Kitchen
6. Con: Water scarcity
Water scarcity is a critical issue in Las Vegas, given its desert location. The city relies heavily on the Colorado River for its water supply, and ongoing drought conditions have raised concerns about long-term water availability. Residents need to be mindful of water usage and adhere to conservation measures. This environmental challenge can impact daily life and requires community-wide efforts to address.
7. Pro: Outdoor recreational activities
Despite its desert setting, Las Vegas offers a variety of outdoor recreational activities. The surrounding areas provide opportunities for hiking, rock climbing, and exploring natural wonders. Red Rock Canyon, Lake Mead, and the Valley of Fire State Park are popular destinations for outdoor enthusiasts. These locations offer stunning landscapes and a chance to escape the urban environment.
8. Con: Limited public transportation
While Las Vegas has made efforts to improve its public transportation system, it still lags behind other major cities. The RTC Transit system provides essential bus services, but the routes and schedules may not be convenient for all residents. The city has a transit score of 32, a walk score of 42, and a bike score of 46, indicating that public transportation options are limited, and most daily errands require a car. This can be inconvenient for those who prefer not to drive or do not own a vehicle. Additionally, the layout of the city and the hot weather can make walking and biking challenging for some residents.
9. Pro: Growing job market
Las Vegas has a growing and diverse job market, with opportunities in various sectors such as hospitality, entertainment, technology, and healthcare. The city’s economy is expanding beyond its traditional reliance on tourism and gaming, attracting new businesses and industries. Major employers like MGM Resorts International, Caesars Entertainment, and the University of Nevada, Las Vegas, provide numerous job opportunities. The diversification of the job market enhances economic stability and offers career growth potential.
Top employers in Las Vegas
- Las Vegas Sands Corporation
- Wynn Resorts
- Allegiant Air
- Clark County School District
- Nevada Power Company (NV Energy)
- Southwest Gas Corporation
- Sunrise Hospital and Medical Center
10. Con: Transient nature of the city
Las Vegas has a transient nature, with a significant portion of the population moving in and out of the city frequently. This can make it challenging to build long-term relationships and establish a sense of community. The transient lifestyle is often driven by the tourism and entertainment industries, where job turnover can be high. For those seeking stability and long-term connections, this aspect of Las Vegas may be a drawback.
11. Pro: Vibrant arts and culture scene
Beyond the glitz and glamour of the Strip, Las Vegas has a vibrant arts and culture scene. The city is home to several museums, galleries, and performing arts venues. The Smith Center for the Performing Arts hosts a variety of cultural events, including Broadway shows, concerts, and ballet performances. Additionally, the Las Vegas Arts District offers a hub for local artists and creative expression. This cultural diversity enriches the community and provides ample opportunities for artistic exploration.
12. Con: High cost of living
While some aspects of living in the city are affordable, the overall cost of living in Las Vegas is relatively high, about 6% more than the national average. Housing costs have been rising, with the median sale price for a home in Las Vegas around $450,000 and average rent for a one-bedroom apartment in Las Vegas about $1,330 per month. Additionally, costs for dining out, entertainment, and other lifestyle expenses can add up quickly. Residents need to budget carefully to manage these costs effectively. This higher cost of living can be a significant consideration for those moving to the area, particularly when balancing it against the benefits of the city’s vibrant lifestyle and job opportunities.
13. Pro: Iconic landmarks
Living in Las Vegas means having iconic landmarks and attractions at your doorstep. From the world-famous Las Vegas Strip to the historic Fremont Street Experience, these sites contribute to the city’s unique character and charm.
Famous landmarks in Las Vegas
- The Bellagio Fountains
- The Neon Museum
- The Mob Museum
- Hoover Dam (nearby)
- Red Rock Canyon National Conservation Area
14. Pro: Sense of community in neighborhoods
Despite its transient nature, Las Vegas has neighborhoods with a strong sense of community. Areas like Summerlin, Henderson, and Centennial Hills offer suburban living with community events, parks, and schools. These neighborhoods provide a contrast to the bustling Strip, offering residents a more relaxed and friendly environment. The local community centers and neighborhood associations help foster connections and engagement among residents.