Paradise, NV Cost Of Living

Paradise cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Paradise	Nevada	National
Cost of living index	97	103	100
Index	Paradise	Nevada	National
Goods & Services index	100	106	100
Groceries index	102	101	100
Health care index	103	107	100
Housing index	92	104	100
Transportation index	107	110	100
Utilities index	86	85	100

An overview of the general cost of living index for Paradise, NV is displayed above for your reference. Residents in Paradise, NV enjoy a cost of living index of 97. This index is 6% lower than the Nevada average, and 3% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Paradise, NV, the average cost of goods and services is 6% lower than it is in Nevada, and it is equal to the national average.

Did you know?

The cost of living in Paradise is 6% lower than the Nevada average.
The cost of living in Paradise is 3% lower than the national average.
The cost of housing in Paradise is 8% lower than the national average.
Nevada general sales tax is 35% higher than the national average.
Nevada state income tax is 100% lower than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Paradise, NV to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Paradise, NV, then you would need to earn more income in order to maintain the same standard of living. To use the Paradise, NV salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$66,277	$5,523	$1,546	$1,989
Renters	$34,328	$2,861	$801	$1,030

One can approximate the cost of living and the housing affordability in Paradise, NV by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Paradise, NV have a median income of $66,277. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,546 per month to avoid calamity and poverty. The renters in the city have an income of about $34,328, which would make their monthly maximum allowable rental costs $801.

Nevada Sales Tax

State	General Sales Tax	With Max Surtax
Nevada	6.85%	8.15%

Nevada Income Tax

State	Income Tax (Low)	Income Tax (High)
Nevada	0%	0%

When you are determining the total cost of living in Paradise, NV you will want to make sure you consider both the Nevada sales tax and the Nevada income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Nevada is 6.85%, with the highest surtax being 8.15%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Nevada have a range from 0% to 0%.

Goods & Services

Item	Paradise	National avg.	Difference
Haircut	$17.73	$16.09	10.2%
Beauty Salon	$47.47	$37.33	27.1%
Toothpaste	$2.19	$2.45	10.5%
Shampoo	$0.88	$1.00	12.0%
Movie	$11.85	$10.28	15.2%
Bowling	$4.38	$4.93	11.1%

Groceries

Item	Paradise	National avg.	Difference
Ground Beef	$3.60	$3.80	5.3%
Fried Chicken	$1.51	$1.40	8.1%
Milk	$1.92	$2.01	4.4%
Potatoes	$2.35	$3.01	22.1%
Pizza	$9.99	$9.89	1.1%
Beer	$8.78	$8.90	1.3%

Health Care

Item	Paradise	National avg.	Difference
Optometrist	$114.08	$102.16	11.7%
Doctor	$108.13	$108.36	0.2%
Dentist	$98.00	$92.53	5.9%
Ibuprofen	$9.83	$9.28	5.9%
Lipitor	$424.38	$425.82	0.3%

Housing

Item	Paradise	National avg.	Difference
Home Price	$169,800.00	$184,700.00	8.1%
Avg. Mortgage Payment	$1,391.70	$1,202.44	15.7%
Apartment Rent	$880.00	$949.00	7.3%

Transportation

Item	Paradise	National avg.	Difference
Gasoline	$2.48	$2.24	10.5%
Tire Balancing	$46.87	$46.29	1.2%

Utilities

Item	Paradise	National avg.	Difference
All Electricity	$158.99	$165.96	4.2%
Phone	$21.66	$28.68	24.5%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Nellis AFB, NV	3,252	88	-12%
Sunrise Manor, NV	192,873	91	-9%
Winchester, NV	27,986	92	-8%
Whitney, NV	41,124	93	-7%
North Las Vegas, NV	230,436	99	-1%
Paradise, NV	229,666	97	-3%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
North Las Vegas, NV	230,436	99	-1%
Baton Rouge, LA	228,694	95	-5%
Fremont, CA	227,934	183	83%
Irving, TX	232,013	96	-4%
Gilbert, AZ	226,832	109	9%
Paradise, NV	229,666	97	-3%

Source: The Paradise, NV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Paradise, NV Cost of Living