Most Affordable Places to Live in Nevada

Nevada is more than just Las Vegas—it has diverse landscapes, growing communities, and affordable living options. However, some budget-friendly areas may have fewer job opportunities, requiring a commute to larger cities.

In 2024, Nevada’s cost of living is slightly below average. The median home price is $458,400, with statewide rent averaging $2,055. The median household income is around $63,000. While Nevada offers job opportunities, no state income tax, and a vibrant lifestyle, housing affordability remains a challenge.

This guide explores the most affordable places to live in Nevada.

Nevada isn't just about bright lights and casinos—it’s a state that offers affordable housing, no state income tax, and plenty of job opportunities. Here’s why many people are choosing to move to Nevada:

Nevada is one of the few states with no state income tax, allowing residents to keep more of their earnings.

The Nevada cost of living is generally lower than in neighboring states like California, making it a great option for those looking to buy or rent at a more affordable price.

Cities like Las Vegas, Reno, and North Las Vegas are expanding, offering new career opportunities in tech, tourism, logistics, and healthcare.

From hiking in Red Rock Canyon to skiing in Lake Tahoe, Nevada offers plenty of outdoor activities for nature lovers.

Before making a move, it’s important to understand the cost of living in Nevada, including housing, transportation, and utilities.

• Median Home Price: $458,300 (statewide average)

• Most Affordable Home Prices: $184,674 - $370,000 (depending on location)

• Average Rent for a One-Bedroom Apartment: $1,447 per month

• Electricity, water, and gas: $150/month on average

• Public Transit Pass (Monthly): $65 (varies by city)

• Gas Prices: Typically lower than California but fluctuates based on national trends

• Monthly Grocery Bill (for two people): $300–$500

These estimated living expenses in Nevada will help you budget effectively before making the big move.

Save Big when you Buy a Home with reAlpha!

Discover how our all-in-one homebuying platform can increase your buying power and put money back in your pocket. Start your journey today!

Sign up for free

If you're looking for the best cities to live in Nevada while keeping costs low, check out these affordable towns and their highlights.

Pahrump offers a small-town feel with affordable housing, wineries, and proximity to Las Vegas. It’s a great option for those seeking a quieter lifestyle without being too far from big-city amenities.

• Home Prices: Median home price ~$333,513, lower than the state average.

• Cost of Living: Affordable; rent averages ~$1,117/month for a one-bedroom apartment.

• Job Market: Opportunities in tourism, hospitality, and retail; major employers include the Pahrump Valley Winery and local casinos.

Located near Las Vegas, Sunrise Manor provides lower housing costs with scenic mountain views. It’s ideal for those who want to stay close to the city but save on living expenses.

• Home Prices: Median home price ~$365,000, more affordable than Las Vegas.

• Cost of Living: Budget-friendly; rent averages ~$1,190/month for a one-bedroom apartment.

• Job Market: Strong in hospitality, healthcare, and construction; major employers include local hospitals and gaming establishments.

Fernley is a great choice for outdoor enthusiasts, offering a mix of affordability and nature while being just 30 minutes from Reno.

• Home Prices: Median home price ~$370,000, making it a reasonable choice for buyers.

• Cost of Living: Lower than Reno; rent averages ~$1,472/month.

• Job Market: Opportunities in manufacturing, logistics, and retail; major employers include Tesla Gigafactory and Amazon Fulfillment Center.

North Las Vegas provides suburban living with lower home prices than central Las Vegas while still offering ample job opportunities.

• Home Prices: Median home price ~$405,968, more affordable than many Las Vegas neighborhoods.

• Cost of Living: Reasonable; rent averages ~$1,205/month.

• Job Market: Strong in technology, manufacturing, and aerospace; major employers include Nellis Air Force Base and Amazon.

Elko is known for its historic charm, small-town feel, and affordable cost of living, making it an attractive option for budget-conscious residents.

• Home Prices: Median home price ~$342,530, lower than the state average.

• Cost of Living: Affordable; rent averages ~$1,460/month.

• Job Market: Opportunities in mining, healthcare, and education; major employers include Newmont Mining Corporation and Northeastern Nevada Regional Hospital.

If you're considering buying a home in Nevada, here are some of the cheapest places to buy a house.

Carlin is one of the most affordable housing markets in Nevada, offering small-town charm with a low cost of living. It is ideal for homebuyers looking for budget-friendly real estate without sacrificing quality of life.

• Home Prices: Median home price ~$184,674, significantly lower than the state average.

• Cost of Living: Affordable; low property taxes make it even more budget-friendly.

• Job Market: Opportunities in mining, transportation, and local services; major employers include Nevada Gold Mines and the local school district.

Ely, a historic mining town in eastern Nevada, offers a strong sense of community and a low cost of living. With scenic surroundings and outdoor recreation, it’s a great choice for those seeking affordability and a quiet lifestyle.

• Home Prices: Median home price ~$195,208, among the lowest in the state.

• Cost of Living: 20.7% below the national average, making it one of the most cost-effective places to live.

• Job Market: Employment opportunities in mining, healthcare, and tourism; major employers include Robinson Mine and William Bee Ririe Hospital.

West Wendover, located on the Nevada-Utah border, is known for its lower home prices and relaxed desert lifestyle. The area provides an affordable alternative to larger cities while offering scenic views and a close-knit community.

• Home Prices: Median home price ~$276,060, still below the state median.

• Cost of Living: Lower than major Nevada cities, with affordable utilities and daily expenses.

• Job Market: Strong in hospitality, retail, and tourism; major employers include local casinos, hotels, and the school district.

Save Big when you Buy a Home with reAlpha!

Discover how our all-in-one homebuying platform can increase your buying power and put money back in your pocket. Start your journey today!

Sign up for free

If you're looking for financial assistance when buying a home or renting in Nevada, consider these programs:

• The Greater Nevada Mortgage Program offers grants up to $50,000 to help first-time homebuyers with down payments and closing costs.

• Nevada offers low-income housing vouchers and affordable rental assistance programs to help families find budget-friendly apartments.

• Check the Nevada Housing Division Website for eligibility and resources.

• Contact Local Housing Authorities to find out what assistance programs are available in your area.

Finding an affordable place to live in Nevada is only half the battle. The real win? Keeping more of your money in your pocket—before, during, and after you buy. That’s exactly where reAlpha changes the game. With 0% commission on home purchases, you can save thousands—money you can use for renovations, a better down payment, or simply breathing room in your budget.

But even with the right home, buying can still feel overwhelming. That’s why Be My Neighbor exists—not just as a mortgage broker, but as a community-first support system. You get expert help that feels like guidance, not sales pressure. Real answers. Smarter loan options. And people who actually listen.

• Commission-free home buying with reAlpha
• Personalized mortgage support from Be My Neighbor

Because moving to Nevada shouldn’t just be affordable. It should feel empowering.

Start your journey with reAlpha—and walk it with Be My Neighbor.

If you're also trying to stretch your budget without compromising on safety, don’t miss our guide to the safest places to live in Nevada—because peace of mind shouldn’t come at a premium.

And if you're still weighing your options, wondering whether to rent or buy, you're not the only one asking that question right now. Our Rent vs. Buy comparison breaks down the pros, cons, and long-term trade-offs—so you can move forward with clarity, confidence, and a plan that fits your life.

Save Big when you Buy a Home with reAlpha!

Discover how our all-in-one homebuying platform can increase your buying power and put money back in your pocket. Start your journey today!

Sign up for free