How Much Does it Really COST to Live in Las Vegas?

[@TheRealLasVegas]

For your home buying or home selling needs: Call or Text: 702.290.3329 Email: [e-mail]

[@alaskacpu]

The high interest rates, high insurance rates offset any investment opportunities in Vegas home market. We rent a nice condo, insurance and utilities, gated community, security and covered parking spot. We spend about $24K per year living in our 2br 2ba condo, which includes rent, internet, utilities, covered parking, garbage, mailbox, security and condo insurance/auto insurance. However - Food, gas, entertainment are not included. Auto Insurance here is a big scam. No tickets, no DUI, no accidents, less than 50 miles a day, can easily run $180 per month or more. There's no negotiating or complaining - because all the insurance companies are doing it. We are semi-retried, working par-time, Me & the wife make over $6K a month together, we save as much as we spend. That was our goal Buying a house was not a option for saving money. With current interest rates, insurance, maintenance etc, we calculated a 30 year loan on a $350K home would be well over a million dollars when finally paid off. The home would not be worth anywhere near what we spent by looking in past history. 💝

[@TheRealLasVegas]

Thank you for sharing this with me. I love that you & your wife found a solution that works for you! Having the peace of mind that you can live in a fulfilling manner is vital. Thank you for watching!

[@MyWitsEnd190]

I jist saw an article yesterday that NV enery was raising the base rate from 16 to 45!!! Not like they haven't been price gouging since 2021. The utility companies are out of control.

[@TheRealLasVegas]

Prices on just about everything is going through the roof. Besides utilities what else have you noticed has really gotten more expensive?

[@MyWitsEnd190]

@TheRealLasVegas Food out there is more, the gas and car Insurances are way more now. I wish we could go back to 2018 prices lol

[@TheRealLasVegas]

@@MyWitsEnd190@MyWitsEnd190 I'm right there with you; my car insurance is increasing, too.

[@richshaffer985]

Please provide specific costs (or at least range of costs) in your future videos.

[@TheRealLasVegas]

The range is so broad that it's difficult to give a good range. What areas do you want ranges for? Email me at eileen@thereallasvegas and I can give you a more accurate range for whatever areas you're interested in. And thank you for watching!

[@JavierBustamante-xh3ln]

Unfortunately at this time no one is buying overpriced homes, everyone is waiting for the next collapse it's coming.

[@TheRealLasVegas]

Overpriced homes are absolutely sitting on the market longer. Once they’re reduced to a fair market value though they are still selling.

[@MyWitsEnd190]

I saw a home in the Alphabets trying to sell for 330k! If you know the Alphabets, you know those are worth no more than 150k and Goodluck not getting robbed after you drive through all the homeless camps. It's ridiculous. You can have a mini mansion in the Midwest for the cost of a shack in a bad neighborhood in Vegas.

[@TheRealLasVegas]

@@MyWitsEnd190@ MyWitsEnd190 There are less expensive places to live, but the lifestyle of living in Las Vegas keeps people here. Where would you go in the midwest?

[@Bubbs88]

Dont forget the HOA cost. All newer communities have them. (My old community has 2 HOAs.)

[@TheRealLasVegas]

How could I have forgotten HOA's? 🤦🏻‍♀ Great point!

[@JavierBustamante-xh3ln]

Hoa are totally a joke.

[@SylviaNBridges]

👍🏿👍🏿👍🏿

[@TheRealLasVegas]

Thank you for watching!

[@duchessofmeraniamerania4744]

thats a real turn off higher car insurance then in California???? I mean good Lord!!!

[@TheRealLasVegas]

For some people, having no state income tax and lower housing costs makes up for it. Does that appeal to you?

[@702pow]

Interesting

[@TheRealLasVegas]

Thank you for watching! What did you find most interesting?

[@joerea4116]

Drunk drivers 24/7

[@TheRealLasVegas]

I've lived here since 1980, and this has become more prevalent since then. I'm sure having close to 3M people has increased those numbers as well.