Silver vs Gold: Comparing Home Prices and The Cost of Living in Nevada to California [Infographic]

THE GOLDEN STATE VS THE SILVER STATE DARE TO COMPARE THE COST OF OWNING IN CALIFORNIA VS NEVADA Nevada is notoriously hot. And now, the Silver State is bringing the heat to the real estate market, attracting sun seekers nationwide. As the cost of living and owning continues to rise in California, many Golden State residents are trading sands, abandoning the beaches of California for the deserts of Nevada. HERE'S WHY NEVADA SILVER IS WORTH MORE THAN CALIFORNIA GOLD Affordable Tax abatements Inexpensive resort-style living homes for job creation THE MEDIAN VALUE of Owner-Occupied Homes & Condos. = $458,500 = $254,200 Despite a significant difference in median value, the quality and level of finish is much higher for the price point in Nevada vs. California. CITY-BY-CITY DATA Population E Median Condo Price O YOY Appreciation LOS ANGELES LAS VEGAS 4 MILLION O 600K $437,400 $138,500 4% 13% COST OF LIVING COST & VALUE BREAKDOWNS Here's a head-to-head comparison between Los Angeles & Las Vegas. LOS ANGELES LAS VEGAS $446,500 MEDIAN COND0 PRICE in Metropolitan Area $154,200 INCREASE IN HOME VALUE Between 2016 - 2017 9.4% 21.7% OVERALL COST OF LIVING INDEX (National Average=100) 83.29 71.69 LAS VEGAS IS NEARLY 45% LESS EXPENSIVE TO LIVE IN THAN LOS ANGELES JOB GROWTH NEVADA • Fastest private sector job growth in first quarter 2017 nationwide • Added 40,000 new jobs from first quarter 2016 to first quarter 2017 • A booming housing market means more jobs in construction & development • Included in CNBC's Top States to Find a Job in 2017 Economy is expected to grow 8.7% in 2018 CALIFORNIA • Though the economy is expanding, growth is slowing down • According to The LA Times, most sectors in the state either lost jobs in the first half of 2017 or grew more slowly than they had been. • Forbes named California the #2 worst state for making a living in 2017 COST OF DOING BUSINESS CALIFORNIA NEVADA 8.84% STATE CORPORATE, INCOME TAX $800/YR ( FRANCHISE TAX > Nevada ranks second in the nation for lowest state & local tax burden - an estimated 7.5% of income while California dishes out state taxes of up to 13%. POISED TO BOOM Las Vegas is one of only two American metros with TO Fabulous LAS VEGAS DOUBLE DIGIT HOME NEVADA VALUE GROWTH in the past year LIVING LARGE RESORT-STYLE LIVING Experience a luxurious Nevada lifestyle firsthand at Juhl, One, & The Ogden with these perks: • A resort-style pool complete with cabanas, a spa, & a firepit • A 10th floor vino deck with Strip views • Full service concierge • Summer kitchens & grilling stations • A ground floor full of craft retail • An Al Fresco movie theater • A two story fitness center • A co-op working lounge •A private pet walk COMPARE ALL THAT to the extraordinary cost of owning a home in California & it's a no-brainer SILVER OUTSHINES GOLD BROUGHT TO YOU BY JUHI T HE OGDE N one DOWNTOWN LAS VEGAS LAS VEGAS SOURCES https://www.numbeo.com/cost-of-living/compare_citiesjsp?country1-United States&country2-United-States&city1-Carson+ City%2C+NV&city2-San-Francisco%2C+CA| http://www.bestplaces.net/cost-of-living/carson-city-nv/san-francisco-ca/50000 https://www.legalzoom.com/articles/what-is-the-annual-california-franchise-tax| https://research.realtor.com/ https://matadornetwork.com/life/nevada-vs-california-numbers/| http://gov.nv.gov/News-and-Media/Press/2017/Nevada- Leads-the-Nation-in-Private-Sector-Job-Growth/ | https://www.citytwig.com/blog/2016/12/29/comparing-hoa-fees-california/ https://taxfoundation.org/real-value-100-each-state-2016/ | https://www.nar.realtor/research-and-statistics/housing-statistics/ metropolitan-median-area-prices-and-affordability | http://www.latimes.com/business/la-fi-jobs-june-california-20170721-story.html https://www.cnbc.com/2017/07/11/top-states-to-find-a-job-in-america-in-2017.html | http://www.rcg1.com/nevada-by-the-numbers-blog /vegas-residents-rejoice-low-hoa-fees/ | http://www.latimes.com/local/california/la-me-lopez-vegas-transplants-20171203-story.html http://newsroom.ucla.edu/releases/ucla-anderson-forecast-projects-mild-growth | http://journalfirsttuesday.us/lofty-hoa-fees-make- renting-look-good/43633/ | https://www.realtor.com/news/trends/top-housing-markets-of-2018/ https://www.bloomberg.com/amp/view/articles/2018-01-03/las-vegas-s-economy-is-on-the-brink-of-a-boom