You Can Live Well in Nevada on Just Your Social Security, If You've Paid Off Your Mortgage

"Seniors in Nevada face average monthly living costs of $1,805, with housing expenses of $423 per month. With a median monthly Social Security benefit of $1,841, retirees manage to come out ahead, even if only by a narrow margin. In Nevada, retirees spend just over $420 monthly on housing-related expenses such as property taxes, utilities, insurance, and maintenance-well below the $900 to $1,300 housing costs typical in deficit states like Massachusetts or New Jersey."

"Nevada has long been a magnet for retirees, thanks to its warm desert climate, no state income tax, and retirement-friendly communities. Popular destinations such as Las Vegas, Reno, and Henderson attract older adults seeking affordability paired with entertainment and amenities. One of Nevada's strongest draws is its tax structure. Without a state income tax, retirees avoid an expense that can weigh heavily in nearby states like California. Property taxes are also relatively low compared to the national average, which helps keep ongoing housing costs in check."

"According to a Realtor.com® analysis of median Social Security benefits by state and the Elder Economic Security Standard Index,, retirees in Nevada have an annual surplus of $432, or about $36 per month, after covering essential living expenses. Article continues below this ad While not a huge chunk of change, it's still a quite a bit more than seniors get in other parts of the country."

Retirees in Nevada with median Social Security benefits average $1,841 per month and face typical monthly living costs of $1,805, yielding an annual surplus of $432. Housing-related expenses average roughly $420–$423 monthly, far below the $900–$1,300 housing costs seen in several deficit states. Nevada’s warm climate, popular retirement communities, no state income tax, and relatively low property taxes make it attractive and help keep ongoing costs lower. The retirement cushion for those relying solely on Social Security is small, leaving retirees sensitive to increases in housing or living expenses.

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