One is an iconic city that boasts a global reputation as an entertainment mecca, a reinvigorated sports scene, and a bring-your-sunglasses total of nearly 300 sunny days per year. The other city is Los Angeles. Maybe you saw that coming. After all, media reports continue to tout Las Vegas’ growth — driven, in part, by runaway costs in Los Angeles. If those costs have you moving or considering a move, to Las Vegas, here are four things to consider. 1. You’ll Get More Living Space The median list price for a home in Los Angeles is $549,000. That can get you a 922 square foot single-family house with two bedrooms and one bathroom. The median list price for a home in Las Vegas is $319,900. That can get you a 2,651 square foot single-family house with four bedrooms and two-and-a-half bathrooms. Less money, more house. Now you can have that home theater you’ve always wanted! 2. Your Receipts Won’t Frighten You Put your wallet away: the cost of living in Las Vegas is markedly below that of Los Angeles. Here’s how low:
- Rent prices in Los Angeles are 125% higher than in Las Vegas
- Restaurant prices in Los Angeles are 17% higher than in Las Vegas
- Groceries prices in Los Angeles are 16% higher than in Las Vegas
The entire state is pricing out many residents. From the LA Times: “California, the place where anything was possible, has become the place where nothing is affordable.” 3. Your Inner Sports Fanatic Will Score Some professional teams are synonymous with their host cities: the Yankees, the Bulls, the Red Wings. People love their home teams, which helps explain why the global sports industry is worth approximately $1.3 trillion. Las Vegas is getting in on that action in a big way.
- Drop the puck! The Vegas Golden Knights of the National Hockey League is the first major professional sports franchise to be based in Las Vegas.
- Huddle up! The storied Raiders franchise moves to the City of Lights for the 2020 football season.
- Play ball! The AAA baseball team, The Aviators, play at the new, state-of-the-art Las Vegas Ballpark.
4. You May Need a Larger Belt Dining options in Los Angeles offer foodies an eclectic landscape. Fortunately, those same foodies relocating to Las Vegas won’t miss a beat. And they also won’t need to stick strictly to the Las Vegas Strip. Sure, the Strip hosts some of the biggest celebrity names in dining, including Gordon Ramsay and Emeril Lagasse. But excellent dining options away from the hustle and bustle continue to appear. That’s because restauranteurs recognize that as the city grows, fans of fine dining won’t limit their culinary exploration to the Strip. They’re after food that’s “slightly elevated but not too expensive,” as area chef James Trees said. Don’t worry about what partaking in all of the new dining options will do to your waist. Simply make use of the great hikes in nearby places such as Red Rock Canyon. Las Vegas Homes for Sale For a move to Las Vegas, the safest bet you can make is relying on experts to help you find your new home. Begin your search for new home communities in Las Vegas right now.