Cost of Living in Paradise, Nevada
In Paradise, the median household income is $59,190 and the median gross rent is $1,372/mo, with a median home value of $384,200. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $59,190
- Median gross rent
- $1,372/mo
- Median home value
- $384,200
- Population
- 185,913
How Paradise compares to the Nevada average
| Measure | Paradise, NV | Nevada statewide | Difference |
|---|---|---|---|
| Median household income | $59,190 | $78,260 | -24.4% |
| Median gross rent (monthly) | $1,372 | $1,597 | -14.1% |
| Median home value | $384,200 | $435,400 | -11.8% |
Statewide, Nevada prices average 100.0 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Paradise
- Salary needed for median rent
- $54,880
- Rent burden at median income
- 27.8%
- Est. affordable home price
- $215,921
So that $1,372/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Paradise is $384,200 — +77.9% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Nevada cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.