Is Las Vegas a Good Place to Retire? A Guide for New Seniors
Las Vegas checks all of the boxes. Every…single…one. New seniors are currently moving to Las Vegas in droves, making it one of the fastest-growing retirement populations in the US. And, according to many media outlets, it might just be THE top retirement destination.
What Makes Las Vegas a Good Place to Retire
Whether you’re looking for simply a house to live in or a full-blown retirement community will determine exactly what your retirement looks like here – and how much money you’ll need to pull it all together.
How Much Money Do You Need to Retire in Las Vegas?
Retirement homes, generally speaking, start at around $1,500 per month and top out at just under $5,000 monthly. That means you’ll be spending roughly $21, 450 on just housing.
Housing Options That Fit Your Budget in Las Vegas
The median cost to retire in Las Vegas is $39,000. Many retirees are moving here from southern California and find they can live like a King or Queen compared to the high prices for everything in or around Los Angeles.
Taxes in Nevada and Clark County
There is a little bit of a financial bonus in Vegas retirement. There’s no state income tax in Nevada, and that includes social security and retirement. It’s also worth noting that there’s no estate or inheritance tax either.
Medical Care You Can Expect to Find in Las Vegas
If you choose to retire in or around the Las Vegas area, you’re choosing a very large city, and luckily, that comes with many different types of health care options.