Paradise, NV Relocation Guide (2026)
Cost of living, housing, and income data for Paradise, sourced from the US Census Bureau.
Salary needed to live in Paradise →
Source: US Census Bureau ACS 5-Year (2022). Last updated July 2026.
Population in Paradise, Nevada runs approximately 189,733. Median household income sits at $55,224, landing below the benchmark median we track across cities (-23%).
For renters and buyers alike, Paradise offers a median home value of $333,800 (roughly in line with the tracked median, +2%) and median rent of $1,192 monthly. Local property taxes and current mortgage rates will shape the real cost of buying.
Home values running about 6.0× median income put Paradise on the stretched end of the affordability spectrum among cities we cover. Year-over-year, home values around Paradise are up 1.63%, a pace in line with a healthy, unremarkable market. FEMA classifies Paradise's hazard risk as Very High. That elevated rating is a major driver of home insurance premiums in the area.
Personal Affordability Check
Renting at $1,192/mo in Paradise would take 25.9% of your income.
$189/mo under the 30% guideline.
Buying the median home ($333,800) would take 38.7% of your income toward principal & interest.
$493/mo over the 28% guideline.
Cost of housing in Paradise
Median home value is $333,800 and median gross rent is $1,192/month. For buyers, monthly costs depend heavily on current mortgage rates — worth checking before you commit.
FHFA's county-level home price index for Clark rose 1.63% over the past year (as of 2025).
HUD's FY 2026 Fair Market Rent for a 2-bedroom unit in the surrounding county is $1,735/month.
Climate & home insurance
FEMA rates Paradise's overall natural-hazard risk as Very High. Risk level is a major driver of home insurance premiums.
Moving to Paradise
Planning a move to Paradise? Compare licensed movers and get quotes based on your origin and move date.
Frequently asked questions
- What is the cost of living in Paradise, NV?
- Paradise's key cost-of-living figures: $333,800 median home value, $1,192 median monthly rent, and $55,224 median household income, per the US Census Bureau ACS 5-Year (2022).
- How much do you need to earn to live comfortably in Paradise?
- Paradise's median rent of $1,192/month works out to roughly $47,680 in annual income needed, if you're budgeting the standard 30% of gross pay toward rent. See the full salary breakdown (renting and buying) for Paradise.
- Is it better to rent or buy in Paradise?
- Renting in Paradise at the median $1,192/month calls for about $47,680 a year under the standard 30% guideline; buying the median home at $333,800 takes roughly $76,372 a year in principal and interest (20% down, 30-year fixed, current rates). Timeline and down payment usually decide which makes more sense.
See the full salary breakdown for Paradise →
Cities with a similar cost of living
Matched on median rent and household income within 15% of Paradise's.