Retiring in Nevada

Find Yourself in Nevada...

 

How about a jazzy nightlife and a host of 'real' outdoor sports after retirement? If bingo is not your style of recreation and you'd rather be part of the all the excitement that comes out of living in a western state like Nevada, you are part of a growing community of people who are choosing the lively settings of Nevada over other stereotypical retirement destinations. The last census revealed that the number of people above 65 living in Nevada increased by 72%, 12 percentage points more than the second ranked state of Alaska. So, why else is Nevada the newest retirement magnet? Active lifestyle apart, the climate and low taxes are luring people to look for retirement homes and communities in Nevada.

 

Nevada has more than one type of climate and lifestyle. It is not uncommon to find small retirement communities in Nevada which offer the advantages of big metropolises. The Lake Tahoe region in Nevada, particularly Reno, experiences a "four-season" climate and is a perfect destination for people who love the arts as well for those who are looking for year-round activities. Carson City, the capital of Nevada encourages retirees to look for retirement homes for its sheer number of activities. You could ski, play golf or go fishing or bird-watching at the Spooner Lake and Washoe Lake State Park. Las Vegas' warm climate, picturesque locales and a plethora of outdoor activities, including gambling and golfing make it one of the most livable cities in the US.

Other locations of choice for retirement homes in Nevada include Henderson, and Boulder City and Mesquite in the Clark County.

 

Nevada - at a Glance

 

Population Climate State Income Tax State Sales Tax Median Home Price
2,495,529 Hot summers and sub-freezing mild winters None 6.5% $371,493.00

Pros: There is no income tax in Nevada.

Cons: There are occurrences of thunderstorms in the summer months while the Pacific storms may cover Nevada with snow.

 

 

Know your Expenses in Nevada...

 

Cost of Living in Nevada

 

The above bar-graph shows the percentage fluctuations in expenditures incurred in Nevada, as compared to the nation's average, which is taken as 100%.

For example, if you are looking for a retirement location in Nevada, you can choose to stay in Reno. It offers its residents active lifestyle and a rich cultural environment, with theaters, concerts, film festivals, and art shows. If you choose retirement homes in Reno, the approximate prices you can expect to pay for various goods and services* would be:

Wine - $6.56

Coffee - $4.24

Dentist visit - $90.43

Dozen eggs - $1.80

Ibuprofen - $5.96

Half gallon milk- $2.09

* As of October 2007