Honest Pros and Cons of Living in Las Vegas

Las Vegas, often dubbed "The Entertainment Capital of the World," is renowned for its glittering casinos, dazzling shows, and 24/7 entertainment. While many dream of visiting this vibrant city, few consider it a place to call home.

But could it be the right place for you?

In this blog post, we will delve into the honest pros and cons of living in Las Vegas, shedding light on various aspects to help you decide whether this bustling desert city is the right fit for you.

Why trust our word for it? We've been here in Las Vegas for as long as the lights on the Strip have shined their brightest. We not only provide attainable luxury apartment living for those who call this place home, but we, the people behind Elysian Living, also call this place home.

Let's dive into it!

Let’s face it—housing costs have been skyrocketing across the country. But, if you’re looking to live somewhere with more manageable expenses, Las Vegas might just be your answer.

As of 2024, the median home price sits around $430,000. While this is a bump from a few years ago, it’s still far more affordable than the sky-high prices in cities like Los Angeles or San Francisco. And don’t forget about Nevada’s lack of state income tax, which means more money in your pocket at the end of the day. This is particularly attractive to retirees, entrepreneurs, and anyone looking to stretch their dollars further.

Plus, the city offers a variety of housing options—from modern apartments on the outskirts to luxury homes in master-planned communities. Whether you’re renting or buying, you’ll find something that fits your budget.

See how Las Vegas stacks up against other cities in terms of cost of living here.

Imagine not having to pay state income tax! Nevada is one of the few states where residents get to enjoy this perk. In 2024, the state income tax still stands at zero, a massive benefit for both working professionals and retirees looking to make the most of their income.

Why does this matter? If you’re coming from a high-tax state like California, the difference is noticeable—especially for small business owners and freelancers. Instead of giving up a chunk of your paycheck to taxes, you can invest in your future, whether that’s through savings, spending, or enjoying all the entertainment Vegas has to offer.

You might be thinking, "But what about the job market?" Las Vegas has long been known for its reliance on the tourism and hospitality industries. However, post-pandemic recovery efforts have diversified the economy in 2024.

Today, industries such as technology, healthcare, and logistics are booming. Companies are setting up shop here, drawn in by the favorable tax environment and low cost of living. In fact, the unemployment rate is down to 5.2%, a testament to the city's growing job market. If you're in construction, tech, or healthcare, Las Vegas could offer you exciting career prospects.

But don’t take my word for it—check out the current job market trends here.

What do you do in Vegas? The real question is, what can’t you do? Known for being the “Entertainment Capital of the World,” Las Vegas offers an endless array of activities.
From world-class dining and concerts to luxury casinos and nightclubs, there’s something for everyone. In 2024, the entertainment scene continues to evolve, with top-tier shows regularly taking place, and some of the best nightclubs in the world. Sports fans also have a lot to cheer about with the Las Vegas Raiders and the Golden Knights offering plenty of excitement.

And let’s not forget—Vegas is also a hub for live events and conventions, giving locals plenty of opportunities to experience something new every weekend.

Yes, Las Vegas is in the middle of the desert, but that doesn’t mean you’re short on outdoor activities. In fact, for nature lovers, Las Vegas is a hidden gem.

Red Rock Canyon offers some of the best hiking and climbing spots in the country, while Mount Charleston is perfect for those looking for cooler temperatures and a chance to hit the slopes in the winter. And if water sports are your thing, Lake Mead is just a short drive away, providing a great spot for boating, kayaking, and fishing. 

The city has also invested heavily in its parks and outdoor spaces. So, if you enjoy staying active or just need a weekend getaway, you won’t run out of options. Discover the top outdoor activities near Las Vegas here. For those most interested in hiking, check out the 4 best hiking trials here.Note, during the summer months, temperatures in Las Vegas soar, making it a perfect time to lounge by the pool, indulge in water sports, or explore the nearby lakes and water recreation areas.

Let’s not sugarcoat it—Las Vegas summers are brutal.

In 2024, the city continues to experience average temperatures above 105°F during the hottest months. If you’re not used to this kind of heat, it can feel oppressive, especially if you enjoy spending time outdoors. The extreme heat doesn’t just make it uncomfortable—it also leads to higher utility bills as you’ll rely heavily on air conditioning to stay cool.

Many residents plan their outdoor activities around the heat, opting for early mornings or evenings. If you’re a sun lover, it’s manageable, but for those sensitive to the heat, it’s a major con.

As Las Vegas grows, so does its traffic. While it’s not as bad as some major cities, the constant influx of tourists combined with local growth has led to increased congestion.
In 2024, you’ll notice more construction projects aimed at expanding roadways and improving the city's infrastructure. This is great news for the future, but for now, it means dealing with roadblocks, delays, and construction noise.

Planning to live in a quieter area? You might still have to factor in commutes during rush hour or if you’re near The Strip, where the crowds can be relentless.

The Strip attracts millions of tourists every year, and while it’s great for the local economy, it can be overwhelming for residents. Living near The Strip means you’re constantly navigating through crowds, especially during weekends or major events.

Locals often find themselves driving farther out for peace and quiet. The constant buzz of the city might be exciting at first, but it can quickly wear you down. This is especially true if you prefer a more laid-back lifestyle.Looking for a break from the crowds?

Consider settling in quieter suburban areas like Summerlin or Henderson.

If you’re coming from a city with a robust public transit system, Las Vegas might feel like a step back.

In 2024, the city still heavily relies on cars, and while the bus system has improved, it’s not on par with bigger cities like New York or Chicago. Most residents find it necessary to own a vehicle, and commuting across town can be time-consuming. However, there are plans in place to expand public transit options in the coming years, so this may change in the future.

Like any large city, Las Vegas has its share of crime, though some neighborhoods are safer than others.

In 2024, crime rates in certain areas of the city remain higher than average, so it’s important to do your research when choosing where to live. Master-planned communities like Summerlin and Green Valley tend to be more secure, but other parts of the city may require extra caution.

For those looking for great spots to settle down, check out our Best Las Vegas neighborhoods here. Interested in more? Check out Las Vegas’ best schools here.

So, is living in Las Vegas right for you in 2024?

While the city offers affordability, entertainment, and no state income tax, it’s essential to consider the extreme heat, traffic, and tourist overload. In all, there are plenty of amazing reasons to move to Las Vegas.

If you can manage these challenges, Las Vegas could be the perfect place for your next adventure.