Las Vegas, NM, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Las Vegas stands at 90, which is 10% below the national benchmark of 100. This lower index makes housing, groceries, and utilities more affordable for residents and job seekers. For instance, housing costs in Las Vegas are 17% below the national average, while groceries and utilities are slightly above average. This favorable cost of living can be attractive for those looking to relocate or start a new job.
Las Vegas, NM, offers a cost of living that is notably lower than the nationwide average. The cost of living index for the city stands at 88, which is 12% below the national average of 100. This lower index suggests that residents can expect to pay less for a variety of expenses compared to the average American. Housing, in particular, is 17% cheaper, with an index of 83, making it a more affordable option for those relocating or considering a move to the area.
In addition to housing, other categories such as groceries, utilities, transportation, healthcare, and miscellaneous expenses also reflect a lower cost of living. Groceries cost 5% less, with an index of 95, while utilities are just 3% above the national average at 97. Transportation costs are slightly lower, with an index of 90, indicating a 10% reduction. Healthcare costs are 8% below the national average, with an index of 92, and miscellaneous expenses are 12% lower, with an index of 88. These figures collectively paint a picture of a city where living expenses are more manageable for residents and newcomers alike.
