Las Vegas, NM, offers a lower cost of living compared to the nationwide average. The city's overall cost of living index stands at 88, which is 12% below the national average of 100. This makes Las Vegas an attractive option for those seeking more affordable living expenses.
Specifically, housing costs in Las Vegas are 15% lower than the national average, while groceries and utilities are slightly below average at 10% and 5% respectively. Transportation costs are 20% lower, and healthcare costs are on par with the national average. Miscellaneous expenses are also 12% lower, rounding out the overall lower cost of living.
Las Vegas, NM, offers a cost of living that is notably lower than the nationwide average. The housing index stands at 85, which means it costs 15% less than the national average. This makes housing a more affordable option for those relocating to or considering a move to Las Vegas, NM. The lower housing costs can significantly reduce overall living expenses, making it an attractive choice for budget-conscious individuals.
In addition to housing, other cost categories in Las Vegas, NM, also show a favorable comparison to the national average. Groceries, for instance, have an index of 90, indicating a 10% savings compared to the nationwide average. Utilities are slightly higher, with an index of 95, but still represent a modest 5% increase. Transportation costs are 20% lower, with an index of 80, and healthcare costs are also slightly lower at 95, which is a 5% decrease. These savings can add up, making Las Vegas, NM, a cost-effective place to live.
