Most Affordable Places for Retirees in Nevada

Retirement in Nevada is a popular option, given its warm, dry weather, and proximity to things to do. Another perk is that Nevada has a variety of towns and cities that are both affordable and attractive for retirees.

Nevada does not impose an inheritance tax or a state income tax on its residents, two points that led Forbes to list Nevada among its 2015 list of best places to retire.

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While there are areas of Nevada that have a high cost of living, there are others where housing and other expenses are much more affordable. Here are three areas that are some of the most affordable places for retirees in Nevada.

1. Pahrump
This town, only 45 minutes from Las Vegas, is situated in the desert. It's ideal for retirees who want to spend their retirement in Nevada in a location that is warm. The average cost of a home for sale in Pahrump is $88,870 and the cost of living index is 8.5 percent lower than the national average.

2. Fallon
The small town of Fallon, about an hour East of Reno, is a recommended retirement spot, according to GreatRetirementSpots.com. The town is nicknamed the "Oasis of Nevada" and has a median home price of about $150,000. The cost of living is 5 percent below the national average.

3. Elko
Retirees who love the outdoors may enjoy Elko because of its close proximity to the stunning Ruby Mountains where people flock to camp, hike, and hunt. The median home price is $135,600 and the cost of living is 4.3 percent lower than the national average.

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