Las Vegas vs Phoenix: Cost of Living & Housing Comparison
Las Vegas's median home value is $365,300 — 7% higher than Phoenix's $340,200.
Median household income is $66,356 in Las Vegas versus $72,092 in Phoenix.
Typical rent runs $1,356 in Las Vegas and $1,322 in Phoenix.
| Metric | Las Vegas, NV | Phoenix, AZ |
|---|---|---|
| Population | 644,835 | 1,609,456 |
| Median home value | $365,300 | $340,200 |
| Median household income | $66,356 | $72,092 |
| Median gross rent | $1,356 | $1,322 |
| Climate risk (FEMA) | Very High | Very High |
On housing costs, Phoenix, AZ looks more affordable than Las Vegas, NV — lower median home value and rent. This reflects housing only, not total cost of living.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.