Living in Nevada, Texas
Cost of living, income, home prices, rent and demographics of Nevada · Census data 2020–2024
Nevada has 1,319 residents with a median age of 35.7. The median household income is $119,750 (53% higher than the Texas median), the median home value is $393,800, the median rent is $1,654/month.
Nevada is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Nevada at a glance
- Population
- 1,319
- Median age
- 35.7State: 35.6
- Median household income
- $119,750State: $78,476
- Median home value
- $393,800State: $283,800
- Median rent
- $1,654/moState: $1,403
- Homeowners
- 96.2%
- Bachelor's degree or higher
- 33.6%
- Average commute
- 48 min
Is Nevada a good place to live?
Pros: Median household income 53% higher than the Texas median; unemployment of 2.5%; a poverty rate of 4.9%.
Cons: Home values 39% higher than the state median; an average commute of 48 minutes.
The weather is best in April–May and September–October.
Cost of living in Nevada
Housing is the biggest part of the cost of living. In Nevada the median home value is $393,800, 18% higher than the U.S. median. Renters pay a median of $1,654 per month, which is 17.9% of household income. Homeowners with a mortgage pay $2,407 a month in housing costs.
Nevada median household income
The median household income in Nevada is $119,750 and the income per person is $45,442. 4.9% of residents live below the poverty line (Texas: 13.8%).
Housing in Nevada: homes for sale and rent
- Housing units
- 476
- Owner-occupied
- 96.2%
- Renter-occupied
- 3.8%
- Vacant
- 1.1%Includes seasonal homes
- Median year built
- 2012
- Average household size
- 2.80
Nevada demographics
- Population
- 1,319
- Median age
- 35.7
- Under 18
- 20.6%
- 65 and older
- 18%
- Households
- 471
- Foreign-born
- 6.7%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Nevada ›
Education in Nevada
33.6% of adults 25 and older in Nevada have a bachelor's degree or higher (Texas: 33.8%), and 8.4% have a graduate or professional degree.
Jobs and commute in Nevada
- Unemployment rate
- 2.5%State: 5.3%
- Average commute
- 48 minState: 27 min
- Work from home
- 21.3%
- Drive alone
- 68.7%
- Public transit
- 1.5%
- Walk to work
- 0.6%
- Homes with broadband
- 96%
Nevada vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Nevada | 1,319 | $119,750 | $393,800 | $1,654 |
| Josephine | 5,842 | $91,000 | $320,200 | $1,688 |
| Lavon | 6,498 | $131,303 | $394,300 | $2,203 |
| Royse City | 20,037 | $116,660 | $322,500 | $2,078 |
| Fate | 22,884 | $132,752 | $384,300 | $2,500 |
| Caddo Mills | 3,340 | $107,067 | $299,700 | $1,135 |
| Farmersville | 4,018 | $81,036 | $289,400 | $1,236 |
| Rockwall | 51,168 | $115,580 | $411,700 | $1,947 |
| Wylie | 60,334 | $119,522 | $387,000 | $2,189 |
More for people moving to Nevada
Nevada ZIP code ›Weather and climate ›Living in Nevada: FAQ
What is the median household income in Nevada, TX?
The median household income in Nevada is $119,750, 53% higher than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Nevada?
The median home value in Nevada is $393,800, compared with $283,800 in Texas.
How much is rent in Nevada?
The median gross rent in Nevada is $1,654 per month, about 17.9% of household income.
Is Nevada, TX a good place to live?
Pluses: median household income 53% higher than the Texas median; unemployment of 2.5%; a poverty rate of 4.9%. Minuses: home values 39% higher than the state median; an average commute of 48 minutes.
What is the median age in Nevada?
The median age in Nevada is 35.7 years (Texas: 35.6).
How long is the commute in Nevada?
The average commute to work in Nevada is 48 minutes; 21.3% of workers work from home.
What is the unemployment rate in Nevada?
The unemployment rate in Nevada is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Nevada?
33.6% of adults in Nevada have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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