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Cost of Living in Summerlin South, NV

Population 31,354 · Census ACS 2020–2024 5-year estimates

Median rent$2,509
Median home value$672,400
Median household income$117,035

The median rent in Summerlin South, NV is $2,509/month, 57% higher than the Nevada median and 78% higher than the U.S. median. The median home value is $672,400, 102% higher than the national median. Households earn a median of $117,035 a year, 50% higher than the state median.

Affordability

Rent as a share of median income: 25.7%
Income needed for median rent (30% rule): $100,360/yr
Home price-to-income ratio: 5.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $3,400/mo

Run your own numbers: mortgage calculator · hourly to salary

Summerlin South vs. Nevada vs. U.S.

Summerlin SouthNevadaU.S.
Median rent$2,509$1,597$1,413
Median home value$672,400$435,400$332,700
Median household income$117,035$78,260$80,734
Homeownership rate70.0%60.0%65.2%
Bachelor's degree or higher52.6%27.9%35.7%
Poverty rate4.8%12.4%12.5%
Unemployment rate3.1%7.0%5.2%
Work from home20.0%11.9%15.1%
Median age47.139.138.9

FAQ

What is the average rent in Summerlin South, NV?

The median gross rent in Summerlin South, NV is $2,509 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Summerlin South, NV?

Using the common 30% rule, renting a median-priced home takes about $100,360 a year in gross income.

Is Summerlin South, NV expensive to live in?

Rent there is 78% higher than the U.S. median, and the median home costs about 5.7 times the median household income.

Other cities in Nevada

Las Vegas, NVRent $1,563 · Income $73,877Henderson, NVRent $1,824 · Income $90,138North Las Vegas, NVRent $1,705 · Income $79,542Reno, NVRent $1,556 · Income $80,760Enterprise, NVRent $1,934 · Income $98,462Spring Valley, NVRent $1,743 · Income $74,511

Cities with a similar cost of living

Novato, CARent $2,506 · Income $115,736Wellington, FLRent $2,562 · Income $115,632Huntington Beach, CARent $2,510 · Income $120,919Santa Cruz, CARent $2,452 · Income $115,475Petaluma, CARent $2,440 · Income $115,430Anthem, AZRent $2,548 · Income $120,613

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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