Average Cost Of Living In Henderson Nevada
1. Henderson Nevada Average Income
If you’re thinking about moving to Henderson, Nevada, you’ll want to get a good grasp of what the income situation looks like. Today, we’ll dive into the median household income, minimum wage, and more.
First things first, let’s talk about the median household income in Henderson. Right now, it’s around $80,000 per year. Compare that to where you’re moving from to see how it stacks up. Keep in mind, some states like California, New York, and Washington may have higher incomes.
Now, let’s chat about the minimum wage in Nevada (which includes Henderson). At the moment, it’s $10.50 per hour if your company doesn’t provide health benefits, and $9.50 if they do. But don’t worry, by summer 2024, the rate is expected to go up to about $12 per hour. Most businesses already pay more than that, but it’s always good to know the minimum.
When it comes to the service industry, which is a big part of life in the Las Vegas and Henderson area, wages can be low per hour. But don’t forget about tips! Many service workers make extra money through tips, which can help boost their income.
In my opinion, the minimum wage should be even higher, like $15 per hour across all industries. Tips should be a bonus, not something companies rely on to help their employees make a decent living.
So, as you plan your move to Henderson, take a look at the average income and see how it compares to where you’re moving from. This will help you get a better idea of what to expect and whether it’ll work for your family. Happy planning!
2. Housing Costs in Henderson Nevada
If you’re thinking about moving to Henderson, Nevada, you’re probably curious about housing costs. Today, we’ll cover average home values, rental prices, and what to expect in the market.
First up, let’s talk about home values. Right now, the average single-family home in Henderson costs around $500,000. The market has been steadier lately, with more price reductions than a year ago when things were really heating up. As we head into the busy spring and summer moving season, the market might stay steady or see slight price increases.
Compared to the rest of Clark County (which includes Henderson, Boulder City, and Las Vegas), the average home value is about $430,000. So yes, Henderson is a bit above the county average, but that’s because it’s a popular and sought-after area. People moving from out of state often choose Henderson or Summerlin as their top choices.
Now, what about renting? I totally get that some families might want to rent when they first move to a new state. In Henderson, the average rent for all types of properties is around $1,800. That’s a little higher than the rest of Clark County, which averages about $1,500. But again, this is because Henderson is a desirable place to live.
So, as you plan your move to Henderson, keep in mind that housing prices and rents are holding steady. It’s a great time to explore your options and find the perfect place for your family. And hey, if I’m wrong about the market in a year, feel free to come back and let me know in the comments! Happy house hunting.
4. Henderson Nevada Taxes
First, the great news: Nevada, including Henderson, has no state income tax! Compared to states like California, where state income tax can be as high as 11-13%, this is a huge bonus. You’ll still pay federal taxes, but no state income tax can be a big relief for your family’s budget.
Next up, property taxes. Henderson has relatively low property taxes compared to the rest of the country. Right now, it’s about 71 cents per $100 of assessed value. There’s also a cap on owner-occupied properties, which can’t be raised more than 3% per year. So, if you’re buying a resale home that has only ever been owner-occupied, you could save on property taxes!
However, there’s always a trade-off. Since Nevada has no state income tax and low property taxes, sales tax is higher—around 8%. This might seem steep compared to other states, but remember, the state benefits from all the tourists who spend money here.
5. Henderson Nevada Utility Costs
Let’s chat about utility costs, one of the major expenses you’ll face each month. Keep in mind these are just averages, and your actual costs will depend on factors like usage, the number of occupants, and the size of your home.
In Henderson, utility costs typically range from $200 to $1,000 per month. Many people who move here say that’s not too bad compared to other parts of the country! Around 70% of homes in Henderson use gas for heating, while the other 30% use electricity. The average electric bill is about $150 per month
Water and sewage are bundled together in Henderson, and the average cost is around $80 per month. If you have a big pool, your bill might be a bit higher. Trash collection usually costs about $50 per quarter, or $17-18 per month.
Now, let’s talk about cable and internet. In Henderson, the main provider is Cox, which offers internet, landline, and cable TV packages. Bundling these services can save you money. My family pays about $150 per month for a top-tier internet package, which is important since we work from home and the kids are always streaming or playing games online.
Cox’s internet speeds are reliable, but one downside is that they tend to raise their prices every year without warning. So keep an eye on your bill!
In summary, utility costs in Henderson can be quite reasonable compared to other places. As you plan your move, consider how these expenses will fit into your family’s budget. And remember, every family’s usage will be different, so your actual costs might vary!
Moving To Henderson?
These costs are some of the most typical costs of persons living in Henderson Nevada. Cost of living in Henderson can vary depending on your individual lifestyle, needs, and priorities. From single working class to families, we’re here to help.
If you’re thinking about moving to Las Vegas or Henderson you can reach out by shooting our team a text, giving us a call, or sending an email. However you want to get ahold of us. We got your back when moving to Las Vegas and Henderson!
We hoped you enjoyed reading this article. If you didn’t get a chance to watch the video then you may have missed out on some information on living in Henderson. Check out the video at the top of this article.
