What $1 Million Buys You in Las Vegas vs. Los Angeles

A million dollars isn’t what it used to be — especially when it comes to real estate. But depending on where you choose to live, that same $1 million can look dramatically different.

If you’re comparing Los Angeles to Las Vegas, the contrast is even bigger. Here’s a breakdown of what a $1 million budget actually buys you in each market, and why more buyers are choosing Nevada for greater lifestyle and value.

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🏡 Los Angeles: What $1 Million Gets You

In LA, $1 million often falls into the “starter home” category. Due to high demand, limited inventory, and premium land value, your options are typically modest.

Typical LA Property for $1M

• 2–3 bedrooms
• 1–2 bathrooms
• 1,000–1,500 sq ft
• Built between 1940s–1970s
• Smaller yard space
• Street parking or a small garage
• Located in urban or transitional neighborhoods
• Some homes may need updating or full renovations

Buying in Los Angeles means paying a premium for location, proximity to beaches, employment centers, restaurants, and lifestyle. For many, the tradeoff is space.

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🏠 Las Vegas: What $1 Million Gets You

In Las Vegas, $1 million places you firmly in the luxury home category. Buyers in this price range get significantly more space, more upgrades, and more modern architecture.

Typical Las Vegas Property for $1M

• 4–5 bedrooms
• 3–5 bathrooms
• 3,000–4,500 sq ft
• Built within the last 5–15 years (many new builds)
• Gated or guard-gated communities
• Large backyards
• Pools, modern kitchens, open floorplans
• Mountain or Strip views in select areas
• High-end neighborhoods like Summerlin, Henderson, Inspirada

With newer construction, energy efficiency, and resort-style living, Las Vegas buyers experience luxury at a price LA simply cannot match.

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🔍 Side-by-Side Comparison

Feature	Los Angeles	Las Vegas
Sq Ft	1,000–1,500	3,000–4,500
Bedrooms	2–3	4–5
Bathrooms	1–2	3–5
Home Age	50–80 years	5–20 years
Neighborhood Type	Dense city streets	Master-planned communities
Outdoor Space	Small yard	Large yard, often with pool
Lifestyle	Urban + coastal	Luxury + resort-style
Parking	Street or small garage	2–3 car garages

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🌴 Lifestyle Differences

Living in Los Angeles

• Close to beaches
• Highly competitive housing
• Dense traffic
• Strong job market
• Cultural + entertainment hub

Living in Las Vegas

• Lower cost of living
• No state income tax
• Luxury living at affordable prices
• Shorter commutes
• Quiet suburban feel with city access
• Entertainment, dining, and sports minutes away

For many families, entrepreneurs, and remote workers, the quality-of-life upgrade in Las Vegas is an easy choice.

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💬 Final Thoughts

A million dollars stretches much further in Las Vegas than Los Angeles — offering larger homes, modern design, more amenities, and a more convenient lifestyle.

If you’re comparing both markets, exploring a relocation, or just curious about your options, I can guide you through current inventory, neighborhood insights, and smart long-term investment choices.

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Devone Richard
CA/NV Broker