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Phoenix, AZ vs Las Vegas, NV: Cost of Living

Compare Phoenix, AZ and Las Vegas, NV using historical BEA 2024 price indexes and HUD FY2027 2-bedroom FMR benchmarks. Add your own salary, lease and moving quote to a budget summary.

Historical benchmark · review recorded 2026-10-04BEA MARPP 2024 (all items, housing, goods, other services); HUD FY2027 2-bedroom Fair Market Rent Recorded source ↗ BEA 2024 RPP · HUD FY2027 2-BR FMR. Historical periods; review date does not make these current prices. BEA metro and HUD rent-area boundaries may differ.
Historical benchmark · review recorded 2026-10-04BEA MARPP 2024 (all items, housing, goods, other services); HUD FY2027 2-bedroom Fair Market Rent Recorded source ↗ BEA 2024 RPP · HUD FY2027 2-BR FMR. Historical periods; review date does not make these current prices. BEA metro and HUD rent-area boundaries may differ.

Phoenix, AZ

AZ

2024 overall RPP (US=100)
103.316
2024 housing-rent RPP
121.236
2024 goods RPP
95.024
HUD FY2027 2-BR FMR
$1,734/mo

City name is shorthand for an area benchmark. This September 2026 review did not recheck this area's full BEA/HUD geographic mapping.

Income tax and payroll deductions are not calculated. Confirm take-home pay for your work and home addresses separately.

Las Vegas, NV

NV

2024 overall RPP (US=100)
100.215
2024 housing-rent RPP
115.538
2024 goods RPP
96.271
HUD FY2027 2-BR FMR
$1,686/mo

City name is shorthand for an area benchmark. This September 2026 review did not recheck this area's full BEA/HUD geographic mapping.

Income tax and payroll deductions are not calculated. Confirm take-home pay for your work and home addresses separately.

Historical RPP salary illustration

In the BEA 2024 benchmark, Las Vegas, NV has a lower overall price level than Phoenix, AZ by about 3.0% (RPP 103.316 to 100.215).

$60,000 in Phoenix, AZ

-> $58,199

in Las Vegas, NV

$100,000 in Phoenix, AZ

-> $96,999

in Las Vegas, NV

$150,000 in Phoenix, AZ

-> $145,498

in Las Vegas, NV

Salary illustrations use BEA 2024 overall Regional Price Parities (RPP) only, before tax and household-specific adjustments. Overall RPP already includes housing. HUD FY2027 2-bedroom Fair Market Rent is a separate historical gross-rent benchmark, not a current lease or median rent. Do not add rent to the RPP salary figure. Your lease and moving quote belong in a separate budget. Not financial advice.

Step 2: what will the move itself cost?

Put your actual lease, deposit, overlap rent and mover quote beside the historical salary illustration. Leave amounts you do not yet know blank.

Migration signal: Phoenix, AZ vs Las Vegas, NV

IRS tax-return migration · 2022-2023

Phoenix, AZ

Net people
+21,218
Net rank
#4 of 65
Top origin share
5%
Top destination share
5%

Largest source: Pima County, AZ. Largest destination: Pima County, AZ.

Las Vegas, NV

Net people
+11,396
Net rank
#9 of 65
Top origin share
13%
Top destination share
8%

Largest source: Los Angeles County, CA. Largest destination: Los Angeles County, CA.

Rent delta: Las Vegas, NV is $48/mo lower for HUD FY2027 2-BR FMR than Phoenix, AZ. Housing RPP moves from 121.236 to 115.538.

Migration figures are derived from IRS SOI county-to-county migration data for 2022-2023, mapped to metros via Census CBSA delineation. Small county-to-county flows are IRS-suppressed, so per-metro totals are lower bounds. Source: IRS SOI migration data.

Frequently asked questions

Is Las Vegas, NV cheaper or more expensive than Phoenix, AZ?
In the BEA 2024 benchmark, Las Vegas, NV (RPP 100.215) has an overall price level about 3.0% lower than Phoenix, AZ (RPP 103.316). This does not measure your current household costs.
What salary do I need in Las Vegas, NV if I earn $100,000 in Phoenix, AZ?
The historical RPP illustration is approximately $96,999 in Las Vegas, NV, using $100,000 x (100.215 / 103.316). It uses BEA 2024 overall price indexes before tax and household adjustments; HUD rent is not added to this figure.
Which metro had stronger net migration, Phoenix, AZ or Las Vegas, NV?
For 2022-2023, Phoenix, AZ had a net gain of 21,218 people, while Las Vegas, NV had a net gain of 11,396 people. IRS small-flow suppression means these are lower-bound research signals, not complete population-change totals.

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