Cost of Living in Paradise, NV
Population 185,913 · Census ACS 2020–2024 5-year estimates
The median rent in Paradise, NV is $1,372/month, 14% lower than the Nevada median and 3% lower than the U.S. median. The median home value is $384,200, 15% higher than the national median. Households earn a median of $59,190 a year, 24% lower than the state median.
Affordability
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Paradise vs. Nevada vs. U.S.
| Paradise | Nevada | U.S. | |
|---|---|---|---|
| Median rent | $1,372 | $1,597 | $1,413 |
| Median home value | $384,200 | $435,400 | $332,700 |
| Median household income | $59,190 | $78,260 | $80,734 |
| Homeownership rate | 41.9% | 60.0% | 65.2% |
| Bachelor's degree or higher | 24.1% | 27.9% | 35.7% |
| Poverty rate | 17.6% | 12.4% | 12.5% |
| Unemployment rate | 9.8% | 7.0% | 5.2% |
| Work from home | 11.8% | 11.9% | 15.1% |
| Median age | 39.3 | 39.1 | 38.9 |
FAQ
What is the average rent in Paradise, NV?
The median gross rent in Paradise, NV is $1,372 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Paradise, NV?
Using the common 30% rule, renting a median-priced home takes about $54,880 a year in gross income.
Is Paradise, NV expensive to live in?
Rent there is 3% lower than the U.S. median, and the median home costs about 6.5 times the median household income.
Other cities in Nevada
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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