Cost of Living: Las Vegas, NV vs Elizabeth, NJ (2026)

Las Vegas

Nevada
111
VS

Elizabeth

New Jersey
112

Las Vegas and Elizabeth have a similar cost of living.

$1,456/mo ≈ Same
Median Rent
$1,463/mo ≈ Same
$70,723/yr ↑ 11%
Median Income
$63,874/yr ↓ 10%
$395,300 ≈ Same
Home Value
$393,500 ≈ Same
$1,452/mo ↓ 6%
Owner Costs
$1,543/mo ↑ 6%
650,873
Population
135,887

Tax Comparison

0%
Income Tax
10.75%
6.85%
State Sales Tax
6.625%
0.53%
Property Tax
2.23%

Affordability

24.7%
rent-to-income
Affordability
27.5%
rent-to-income

Detailed Comparison

When comparing Las Vegas, NV and Elizabeth, NJ, the overall cost of living indices are 111 and 112 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $6,849/year higher in Las Vegas. Home values also differ significantly — the median in Las Vegas is $395,300 compared to $393,500 in Elizabeth.

Nevada has no state income tax, giving Las Vegas residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Las Vegas vs Elizabeth — common questions

Is Las Vegas or Elizabeth cheaper to live in?
Based on our cost index, Las Vegas is cheaper to live in with an index of 111 compared to 112 (US average = 100).
What is the rent difference between Las Vegas and Elizabeth?
Median rent in Las Vegas is $1,456/month and in Elizabeth it's $1,463/month — a difference of $7/month.
Which city has higher income, Las Vegas or Elizabeth?
Median household income is $70,723 in Las Vegas and $63,874 in Elizabeth. Median household income is $6,849/year higher in Las Vegas.
How do taxes compare between Nevada and New Jersey?
Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Las Vegas or Elizabeth?
It depends on your priorities. Las Vegas has a cost index of 111 with median rent of $1,456/mo, while Elizabeth has a cost index of 112 with rent of $1,463/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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