Home Price & Cost of Living Comparison
Phoenix is 0% more affordable for homebuyers. Las Vegas has a price-to-income ratio of 5.8x compared to 5.5x in Phoenix.
| Metric | Las Vegas | Phoenix |
|---|---|---|
| Avg Home Price | $380,000 | $380,000 |
| Price / sqm | $3,200 | $3,800 |
| Rent (1BR) | $1,400/mo | $1,300/mo |
| Rent (3BR) | $2,100/mo | $2,000/mo |
| Price-to-Income | 5.8x | 5.5x |
| Mortgage Rate | 6.8% | 6.8% |
| 1yr Change | +4.5% | +2.8% |
| Median Income | $66,000/yr | $69,000/yr |
| Population | 640,000 | 1,600,000 |
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
Explore the DataPeek Network