Retiring in Nevada: Pros and Cons

retiring in nevada

Nevada has evolved into one of the country’s most popular retirement states, with people from all over North America expressing great curiosity about just what retiring in Nevada entails.

Of course, there’s no denying that Las Vegas has a massive cultural influence on how we think of Nevada, but there’s so much more to the state than just one city, no matter how fun. No matter if you're living in a Nevada retirement community or one of the best places to live in Nevada, there's something for everyone.

In this article, we’ll discuss all the pros and cons associated with retiring in Nevada. By the end, you should have all the information you need on retiring in Nevada!

Pros and Cons of Retiring in Nevada

Advantages of Retiring in Nevada – Making the Case

It’s Indescribably Gorgeous

If you’re picturing Nevada as an endless stretch of desert divided by one lonely highway, you’ve simply seen too many movies. The landscape of this state is incredibly varied and intensely beautiful. From snow-capped mountains and red canyons to lakes and rivers, there are endless places to explore, relax, and enjoy nature.

Low Taxes and Cost of Living

One of the reasons why a State of Nevada retirement has gotten so much buzz in recent years is because it offers one of the lightest tax burdens in the United States. Thanks to the aforementioned tourists funding the state via “sin taxes,” there is no state or local income taxes to consider at all. For many, this can make all the difference.

Great Choice of Cities

Many of Nevada’s best cities to retire have growing economies and attract people from all over the country – families, retirees, young people, entrepreneurs, free spirits, business people, and more – to the state. With investment in the area booming, Nevada is evolving into a place where you can truly find anything or any experience you want during retirement.

retire in nevada

Recreation and Entertainment

Nevada is a literal playground for retirees of all interests. From hiking and RVing to golfing, camping, and skiing, there are endless ways for you to spend your time. Of course, depending on where you live, Las Vegas is never more than a few hours’ drive away. Those who live in the Las Vegas area benefit from living in the entertainment capital of the world. And if you’re into pro sports, Las Vegas has recently become a hub for professional sports with the NHL Golden Knights and the NFL Raiders making the move.

Nice Warm Weather

We all know that Nevada is a desert state, but that isn’t as indicative of the climate as one might think. You see, Nevada is classified as “semi-arid,” meaning that the weather is usually warm and very dry. This translates into roughly eight months of relatively warm days with cool evenings. For retirees who want to maximize their time outside, this fact alone makes retiring in Nevada a great option.

55+ Communities

Nevada is dotted by ready-made, 55+ communities made specifically to serve the growing population of retirees who are younger and more active than ever. Whether gated or not, these developments often have their own resort-style amenities, clubhouses, recreation centers, and golf courses. There are many outstanding 55 plus communities in Las Vegas, specifically.

retiring in nevada pros and cons

Affordable Cost of Living

We already mentioned that Nevada has a relatively low cost of living, but retirees are often shocked at just how affordable property is in this state. According to experts, you can purchase a home here for about $200k, or rent one for roughly $1,200 a month. On top of that, if you’re coming from a high-cost state like California, you can get much more house for your money.

Drawbacks of Retiring in Nevada – Things to Consider

Hot Weather

The downside of retiring in Nevada is that four months of the year are punishingly hot. Though nights often remain cool, the days between June and September regularly stay above 100 degrees. Luckily, the dry heat doesn’t have anything on the humidity of the Southeast, and air conditioning is plentiful all over the state.

Tourists

Though there is much more to Las Vegas than you might think, there’s no denying that The Strip brings in tourists from all over the world, sometimes tens of thousands a day. Luckily, most find themselves living in areas outside of The Strip such as HendersonSummerlin or North Las Vegas, so these throngs of tourists are easy to avoid.

You’ll Need Some Self-Discipline

Las Vegas can be a problem for those who cannot control their vices. Fortunately, there’s plenty of other things and activities in Nevada to distract you from such activities – you just need to have some self-discipline.

Retire in Nevada? The Final Word on a State of Nevada Retirement

As you can see, there are minimal cons associated with retiring in Nevada. Not only is the cost of living reasonable, but the tax rates are advantageous and the 55+ community scene is first-class.

While it’s true that Nevada can be hot and a bit uncomfortable at times, it is also one of the best outdoor states in the entire US. From hiking and biking to skiing, golf and pickleball; no activity is impossible, no matter how exciting or relaxing. Though you might have to dodge a few tourists to get there, you’re sure to find there’s plenty of fun to be had.

Pros and Cons of Retiring in Nevada

Cons

  • Hot Weather
  • Tourists
  • You'll Need Self-Discipline

Pros

  • Gorgeous Scenery & Landscape
  • Low Taxes & Cost of Living
  • Great Choice of Cities
  • Recreation & Entertainment
  • Nice Warm Weather
  • Ready-Made 55+ Communities
  • Affordable Housing

Discussion

#1 By Trina Bacon at 10/15/2023 2:54 PM

I'm in!! I am looking forward to moving to Nevada. After reading all of this information I am already considering myself a Nevada resident. Thanks for the wonderful information. I can't wait to get there!!!!!

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