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Old 12-22-2018, 12:29 PM
 
2 posts, read 1,115 times
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I am considering leaving the rat race here on the east coast and semi-retiring early in Clark County where my condo is. It's paid off, but I have no idea of true living expenses having only actually been in Vegas about 4 times since 2008. Will 60k a year be doable you think? I am used to Wash DC living expenses which are absolutely horrid. You can make 160k here and be dirt poor due to housing costs. Anyhow, any advice from CC vets would be appreciated. My other "job" would be near Hoover Dam. Not the ideal commute, but I'll take that over my headaches here any day.
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Old 12-22-2018, 12:51 PM
 
334 posts, read 280,390 times
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Quote:
Originally Posted by traderduke View Post
I am considering leaving the rat race here on the east coast and semi-retiring early in Clark County where my condo is. It's paid off, but I have no idea of true living expenses having only actually been in Vegas about 4 times since 2008. Will 60k a year be doable you think? I am used to Wash DC living expenses which are absolutely horrid. You can make 160k here and be dirt poor due to housing costs. Anyhow, any advice from CC vets would be appreciated. My other "job" would be near Hoover Dam. Not the ideal commute, but I'll take that over my headaches here any day.
60k per year with a paid off condo, you will easily afford to live here. The COL in Las Vegas is near the average for the US. If you are eligible, the VA healthcare system here is excellent with a major a hospital and several clinics all over the valley.
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Old 12-22-2018, 02:10 PM
 
Location: Las Vegas
753 posts, read 503,883 times
Reputation: 684
You will be just fine at 60K/year here, and able to live quite comfortably.
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Old 12-22-2018, 02:57 PM
 
4,596 posts, read 6,229,621 times
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Heck yea..
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Old 12-22-2018, 03:02 PM
 
Location: Las Vegas
520 posts, read 476,731 times
Reputation: 423
Remember, there is no state income tax and property taxes are low relative to other cities. Your power bill should be lower (get on an annualized payment plan, summer bills are high).

Without a mortgage payment, you should be able to live well and enjoy what Vegas has to offer. Good luck!
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Old 12-22-2018, 04:41 PM
 
Location: Las Vegas
13,552 posts, read 24,490,521 times
Reputation: 25153
You will be fine!!!
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Old 12-22-2018, 05:15 PM
 
13,538 posts, read 9,791,485 times
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Yes.
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Old 12-22-2018, 06:01 PM
 
Location: California
174 posts, read 43,027 times
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If you’re unable to it’ll be because you’re living outside of your means.
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Old 12-22-2018, 06:14 PM
 
1,098 posts, read 1,764,610 times
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You should be fine, but take into consideration your HOA fees. Also, if you are single, you'll probably have to pay some federal income tax on your 60k income. Don't know how much as the dems are dead set on repealing Trump's tax cut (whether you are part of that cut is probably up for debate).

While Vegas is vastly cheaper than DC, it's still not the town it was 10 years ago for costs. Entertainment (shows, gaming, heck even going to Knights games or the Raiders when they get here) can be expensive, and dining out isn't the bargain it used to be.

Also, depending on where your condo is located, your commute could be upwards of 40 miles each way, that means a lot of gas and our gas is among the highest in the nation.

Our new Governor Steve Sisolak has said in interviews that he wants to repeal the 3% property tax cap which could really affect property taxes. Whether he can do that remains to be seen.
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Old 12-22-2018, 06:16 PM
 
Location: Central New Jersey
1,916 posts, read 662,523 times
Reputation: 3234
So long as you stay away from the tables and them one armed bandits.
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