Summerlin South, NV

Very High · 176

Nevada · Population 30,075 · Updated March 2026

$2,400
Median Rent / Month
$113,301
Median Income
$641,600
Median Home Value
$2,110
Owner Costs / Month

Affordability

How far your income goes in Summerlin South

25.4%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Nevada

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.85%
Sales Tax
0.53%
Property Tax Rate

Estimated Annual Costs

$28,800
Annual Rent
$0
State Income Tax
$3,400
Property Tax (est.)

Cost of Living Overview

Summerlin South has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 176 (where 100 equals the national median), Summerlin South residents can expect to pay median rent of $2,400/month while earning a median household income of $113,301/year.

The median home value in Summerlin South, NV is $641,600, with typical monthly owner costs around $2,110 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.4%, Summerlin South falls within the generally affordable range, though it's approaching the 30% burden threshold.

Nevada has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.85% sales tax rate and 0.53% effective property tax rate, the overall tax environment helps keep costs manageable in Summerlin South.

Frequently Asked Questions

Common questions about living costs in Summerlin South

What is the cost of living in Summerlin South, NV?
The cost of living index in Summerlin South, NV is 176 (US average = 100). Median monthly rent is $2,400, median household income is $113,301/year, and the median home value is $641,600.
Is Summerlin South, NV affordable?
No, Summerlin South is more expensive than the national average with a cost index of 176. The rent-to-income ratio is 25.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Summerlin South, NV?
The median gross rent in Summerlin South, NV is $2,400 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $28,800.
What is the median household income in Summerlin South?
The median household income in Summerlin South, NV is $113,301 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Nevada?
Nevada has a top income tax rate of 0%, a sales tax of 6.85%, and an effective property tax rate of 0.53%. Notably, there is no state income tax.