MyNeighborhood

Can you afford to live in Paradise?

Median household income, home values and rent in Paradise, NV — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Paradise.

Median household income: $58,874 — +34.1% since 2015 (not adjusted for inflation)

Median gross rent: $1,287/mo — +47.6% since 2015

Median home value, 2015 to 2023

  • 2015: 158800
  • 2023: 358400

Median household income

  • Paradise: 58874
  • Clark County: 73845
  • NV: 75561
  • U.S.: 78538

Median gross rent

  • Paradise: 1287
  • Clark County: 1518
  • NV: 1489
  • U.S.: 1348

Share of income a typical renter spends on rent: 33.9% — U.S.: 30.2%

What it means

The typical household here earns $58,874 — far lower than the national figure of $78,538.

The typical renter here spends 33.9% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, rent has risen faster than income here (+47.6% versus +34.1%), before adjusting for inflation.

Sources

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