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Low Tax Rates, Dropping Housing
Prices and Excellent Health Care are Reasons Why Retirees Who Come to
Vegas, Stay in Vegas
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Cost of Living: Above the U.S. National
Average
Does it get
hot in Vegas? Indeed it does. Summer temperatures can easily reach 105
degrees, but as in other desert cities, air conditioning
is everywhere. The city is surrounded by
mountains, so escape from the summer heat can also be
found at higher elevations. During the winter
months, temperatures average a pleasant 58 degrees, with
lows dipping into the 30s. It practically
never rains (3 inches on average a year), and the sun
shines nearly every day. Humidity averages a mere
20% in the afternoons.
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Nevada has the lowest overall tax rate in
the country. There is no state personal income tax, gift
tax, inheritance tax or estate tax; property
taxes range from $2.03 to $2.93 per $100 of assessed value,
with homes assessed at 35%. The average annual tax on
a $250,000 home is between $1,785 and $2,983. For
lower income seniors (age 62+), there is a tax rebate
program. The overall cost of living is roughly
6% higher
than the national average, even with housing prices
dropping, but utilities and car insurance
are less than the national average.
Volunteer opportunities are plentiful, and
many are listed each Sunday in the local newspaper.
Vegas has a dozen or more senior facilities and centers that
provide everything from health screenings and
nutritional seminars to legal advice and
transportation. The Senior Citizens Center of
Las Vegas (702-229-6454) is an excellent resource, as is the
Las Vegas Seniors' Guide, a local publication that lists
many, many senior services.
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Health care is top-notch, with 13 hospitals and/or
medical centers and
nearly 7,000 doctors in the city. Care4Life is an
accredited service that provides in-home health care and
assistance to caregivers. At
Home Caregivers, LLC is a company that provides medication reminders, offers
transportation and companionship and helps with pets and
housekeeping, etc. Senior Support Services
(702-617-4470) provide similar services.
CAT (Citizens Area
Transit) is the local bus system, but there are also shuttles and
trollies for getting in and around the Strip.
Golf is a way of
life, with more than forty courses in and around town offering plenty of tee
times. To many residents, though, one of the primary reasons
to retire here is the stunning surrounding desert hill
country. Big horn sheep graze outside of town, and
two sandstone
geological parks, Valley of Fire and Red Rock Canyon, bookend the
city, drawing nature lovers and tourists from around
the country. The Lake Mead National Recreation Area is
a water-sports Paradise with 822 miles of shoreline, attracting
boaters, campers and nature lovers year-round. Even the
Grand Canyon is within a day's drive.
There are, however,
drawbacks to retirement in Vegas. The heat may be too
intense for some, even if it is a dry heat. The crime
rate is high, nearly twice the national average, but the majority
of this crime occurs near the Strip and consists primarily of
thefts and burglaries. The entire western United States is
in a drought, and according to a recent study by the University of
California at San Diego, Lake Mead, mentioned above, which is a
key water source for this area, has a 50% chance of drying up by
the year 2021. That would not be a good thing.
Between 1990 and 2000, the over-65 population in
the Las Vegas metro area grew 86 percent, from about 99,000 to
more than 184,000, because retirees find
just about anything they want in Las Vegas; life can be as
quiet or active as one chooses to make it. Generally speaking,
retirees who come to Vegas, stay in Vegas.
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