Nevada · Census, HUD and BEA figures · Updated

Cost of Living in Paradise, NV

Prices around Paradise, NV run 0.2% above the U.S. average (BEA, the metro area). The typical household there earns $59,190 a year, and HUD puts a two-bedroom at $1,735 a month. Keeping that rent under 30% of income takes about $69,400 a year.

Paradise, NV at a glance

Median household income

$59,190$4,933 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,735HUD FY2026 Fair Market Rent
Price level (U.S. = 100)100.2+0.2% · BEA, the metro area
Electricity13.1¢per kWh · EIA Residential NV
Population185,913Census ACS 5-year estimate

How much rent can you afford in Paradise, NV?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Moderate cost burden (30–50%)
HUD Fair Market Rent$1,735Monthly market rent
Share of gross income35.2%Recommended max: 30%
Annual income needed$69,400To meet the 30% standard
Max affordable rent$1,480At 30% of $59,190
0%30% (Affordability standard)100%
Compare against:

How much is rent in Paradise, NV? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Las Vegas-Henderson-North Las Vegas, NV MSA, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Paradise, NV, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$1,333$15,996$53,32027%
1-Bedroom Apartment$1,478$17,736$59,12030%
2-Bedroom ApartmentBenchmark$1,735$20,820$69,40035.2%
3-Bedroom Home$2,413$28,956$96,52048.9%
4-Bedroom Home$2,764$33,168$110,56056%

Rent in Paradise, NV, with the wage each unit needs →

What a typical income covers in Paradise, NV

The 50/30/20 rule applied to the local median of $59,190 a year ($4,933 a month before tax).

Needs (50%)$2,466/moRent ($1,735 2-BR), utilities (~$118/mo), groceries, transit
Wants (30%)$1,480/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$987/moEmergency fund, retirement, paying down loans

What $59,190 leaves after Nevada taxes

Federal income tax, Social Security, Medicare and Nevada tax on the local median income. Change the salary to see yours.

$59,190
$20,000$120,000
Filing status:
Gross salary breakdown$59,190
Net 84%
Fed 8%
FICA 8%
Annual take-home$49,739After all taxes
Monthly deposit$4,145Estimated per month
Biweekly paycheck$1,913Every 2 weeks (26/yr)
Effective tax rate16%Total tax burden
Federal income tax$4,923 / yr
Nevada state income taxNo state wage tax$0
FICA (Social Security & Medicare)$4,528 / yr

Living in Paradise, NV: common questions

What is the median household income in Paradise, NV?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Paradise, NV is $59,190 per year (approximately $4,933 per month).

What is the average rent in Paradise, NV?

The closest official figure is HUD's Fair Market Rent for 2026: $1,333 for a studio, $1,478 for one bedroom, $1,735 for two, $2,413 for three and $2,764 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Paradise, NV expensive to live in?

Prices there run 0.2% above the U.S. average. BEA's regional price parity for the metro area is 100.2, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Paradise, NV?

To keep a $1,735 two-bedroom under 30% of gross income, a household needs about $69,400 a year, or $5,783 a month. That is 117% of what the typical household in Paradise, NV earns.

How much do you need to live comfortably in Paradise, NV?

On the local median income of $59,190 ($4,933 a month before tax), the 50/30/20 rule leaves $2,466 a month for needs like rent, utilities and groceries, $1,480 for everything else and $987 for savings or debt. A two-bedroom at $1,735 takes 70% of the needs share.

How much is the electric bill in Paradise, NV?

Homes in Nevada paid 13.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $118. Your bill depends mostly on heating and cooling.