Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Nevada, Missouri is a smaller city with a population of 8,198 inhabitants. According to the most recent Census, 93% of Nevada residents are White, 1% Black and 1% Asian. Not a fan of sitting in traffic during your commute to work? Nevada offers shorter work commutes, with an average one-way commute time taking only 14 minutes, far lower than the national average of 26 minutes.
Without the right tools, relocating to any new town can be very stressful and challenging. Living in Nevada, Missouri could be a great experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like cost of living, health & safety, education, housing and other key data points, finding the best places to live in Nevada and in the areas around Nevada is a much easier task.
Nevada has a livability score of 56 out of 100 and is ranked #641 in Missouri and #21,677 in the USA. This score ranks well below the United States average. With such a low livability score, it might be worth investigating a little further. There are nine total categories that generate the livability score. Nevada scores well for housing (B) There is at least one category that does not have great scores in Nevada. The following was graded with a discouraging score: amenities (F), crime (F) and employment (F).
In today's ever-changing economic climate, pursuing a cost-effective lifestyle takes on heightened importance, particularly with the continual increase in prices for everyday necessities. When living in Nevada, residents are privileged to experience a cost of living that stands 22.07% below the national average. This advantageous position has a far-reaching impact, spanning a wide array of expenditures, encompassing not just goods and services, but also housing, groceries, and transportation costs. As a result, this area emerges as a central hub where your financial resources yield greater value, allowing for the maintenance of an economically sustainable lifestyle. This affordability holds exceptional significance in an era characterized by mounting expenses, making Nevada an attractive destination for individuals seeking financial prudence without compromising their quality of life.
The Nevada unemployment rate of 2.53% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Nevada has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Nevada real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Nevada. The median home price for Nevada homes is $73,500, which is 47.9% lower than the Missouri average. If we take a closer look at the affordability of homes in Nevada, we’ll see that the home price to income ratio is 2, which is 31% lower than the Missouri average.
| Statistic | Nevada | Missouri | National |
| Average one way commute | 14min | 23min | 26min |
| Workers who drive to work | 68.6% | 81.6% | 76.4% |
| Workers who carpool | 12.0% | 9.1% | 9.3% |
| Workers who take public transit | 0.5% | 1.5% | 5.1% |
| Workers who bicycle | 0.3% | 0.3% | 0.6% |
| Workers who walk | 5.3% | 1.9% | 2.8% |
| Working from home | 9.4% | 4.6% | 4.6% |
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