The Blog ofLas Vegas Real Estate

Retiring in Las Vegas

Why Retire in Las Vegas?

Have you retired or are thinking about moving to an area that will allow you to age gracefully and provide resources to enjoy your retirement?   Consider Las Vegas as an option.  The Las Vegas area has seen a 6% rise in retirees relocating to the area and it is expected that there will be a 19% increase by 2030.  So what makes Las Vegas so appealing?

The weather

  • Mild and warm weather consistently throughout the year with a dry sunny desert climate that is helpful to those needing this type of atmosphere for health reasons.

Lower cost of living

  • Las Vegas has a cost of living that is less than the national average which allows your money to go further in Las Vegas.
  • A lot of local businesses offer senior citizen discounts. Some casinos have “Senior Days” where they give senior citizens special incentives that range from multipliers on slot winning to reduced dining prices. You can also get discounts on certain show tickets, public transportation, and restaurants that are not on the Las Vegas Strip.

Taxes

  • Nevada does not have a state income tax
  • Income from social security and retirement accounts is not taxed
  • Nevada does not have estate or inheritance taxes, either
  • Residents over the age of 62 who qualify can receive a rebate of up to 90 percent of their property taxes each year.
  • Nevada’s property tax system is based on 35 percent of the fair market value of the property. Many other states use the model of 100 percent.

Good Health

  • 76% of seniors who retire in Las Vegas report good health

Recreational Activities

  • Las Vegas is the mecca for entertainment and recreation.  It has a plethora of parks, biking and hiking trails, swimming pools, fitness centers, tennis courts and golf courses.
  • Live entertainment abounds throughout downtown and the Strip including concerts, sporting events and gaming.  Whatever your interest may be, Las Vegas has it covered.  
  • While most people think of Las Vegas as a place for adults to enjoy and that is most certainly true, there are plenty of activities for those visiting grandchildren including Hoover Dam, the Neon Museum, Ethel M Chocolate Factory, Shark Reef Aquarium, Big Apple Rollercoaster, the High Roller Ferris Wheel, Marvels Avengers S.T.A.T.I.O.N., Red Rock Canyon Scooter Tour, Grand Canyon Tour, Voodoo Zip Line, Hot Air Balloon Ride, Siegfried and Roy’s Secret Garden, Indoor Sky Diving, Game Works, Wet n’ Wild,  AdventureDome Theme Park, and Hershey’s Chocolate World to name just a few.
  • Gourmet dining is abundant from mom and pop places to Michelin star restaurants.  Name a type of food you enjoy from anywhere in the world and there is sure to be a place where it is served in Las Vegas.
  • Life-long learning can be accomplished through lecture series and adult education classes.  These are often given by visiting internationally recognized individuals at the University of Nevada at Las Vegas (UNLV).

55+ Retirement Communities

  • Designed for those wanting an independent living community with on-site amenities and a feeling of home
  • You live with neighbors that enjoy the same lifestyle that you desire as well as the physical and social needs of the residents.
  • Many offer swimming pools, tennis courts, pickle ball courts, putting greens or golf courses, dance classes, fitness classes, indoor spas, arts and crafts, organized games, billiards, bocce ball, horseshoe pits, meeting rooms, business centers, theaters, libraries, organized travel, on-site entertainment, a pet park, outdoor grills and plenty of room to exercise and walk outside.
  • Additional services in some communities include laundry services, meal preparation, available on-site medical care, transportation and concierge services to and from off-site activities.