Las Vegas vs. Los Angeles: What $700,000 Can Get You in 2025
Living in Southern California has always been a dream for many — sunny weather, ocean views, and vibrant culture. But after living there for a while, you might start wondering: what does $700,000 really buy you in Los Angeles today?
Let’s break it down — and then compare what that same budget can get you right here in Las Vegas, Nevada.
What $700,000 Buys You in Los Angeles
In LA, $700,000 might get you a charming, remodeled Spanish-style home in areas like Huntington Park or Downey. But here’s the catch:
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It’s likely an older home, built in the 1950s or earlier
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Around 1,000 square feet (sometimes even less)
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You’ll be paying high property taxes and state income tax
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The cost of living continues to rise every year
So while you get that classic California charm, your money doesn’t stretch very far.
Exploring Options Beyond California
Back in 2017, I started looking beyond California’s borders for better housing options. Las Vegas quickly stood out — and for good reason.
Today, the Las Vegas housing market continues to grow, offering more space and value for your dollar. Yes, the market has shifted here too, but the bang for your buck is still unbeatable compared to LA.
What $700,000 Buys You in Las Vegas
So, what kind of home can you get in Las Vegas for the same $700,000 budget?
You can still find beautiful Spanish-style homes, but here’s the difference:
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It’s likely a brand-new build — constructed within the last year
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You’ll enjoy double or even triple the square footage of an LA home
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Modern designs, open layouts, and energy-efficient features
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Many homes come with larger lots, pools, and mountain views
Depending on the neighborhood, $700,000 can get you an upgraded home in communities like Summerlin, Skye Canyon, or Henderson — areas known for safety, great schools, and amenities.
The Benefits of Living in Las Vegas
The value goes far beyond the home itself. Nevada offers some major financial advantages:
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No state income tax – keeping more of your hard-earned money in your pocket
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Property taxes under 1%, compared to California’s much higher rates
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Lower cost of living, from groceries to utilities
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Fast-growing job market as more companies move to Las Vegas
It’s easy to see why so many Californians are choosing to make the move — especially for retirement or investment purposes.
Why I Made the Move from LA to Las Vegas
As someone who grew up in Los Angeles, I never thought I’d leave California. But once I experienced life in Las Vegas, I didn’t look back.
I’m still close to family and friends — it’s only a one-hour flight or a four-hour drive back to LA, with flights often under $100. The tradeoff? A newer, larger home, lower expenses, and a growing, welcoming community.
Thinking About Moving to Las Vegas?
If you’ve been wondering what your California home equity could buy you in Las Vegas, it might be time to take a trip out here. My team and I specialize in helping people relocate from California to Nevada, and we’d love to show you around the best neighborhoods that fit your lifestyle and budget.
