5 min read · Nov 3, 2023
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Whether Las Vegas is a good investment location for you depends on your goals. If your goal is financial independence, Las Vegas is one of the best investment locations in the nation.
Financial freedom is more than just replacing your current income; it’s about maintaining your current lifestyle for life. To have lifelong financial freedom, you need a passive income that meets three requirements:
- Rents must outpace the cost of living: Inflation consistently erodes the purchasing power of a fixed amount of money. For instance, if the inflation rate is 5%, what you can buy today for $100 will cost $155 in 10 years. If rents fail to pace with the cost of living, your financial independence will be short-lived.
- Dependable: You will receive the rental income every month, even when the economy is doing badly.
- Lifelong: You will not outlive the income.
Whether rental income can outpace the cost of living, as well as how long the rental income will last, depends on the city in which the property is located. The reliability of your income is dependent on the tenant, their value in the eyes of their employer, and the resilience of their employers during economic downturns.
In this post, I will only discuss how Las Vegas meets the requirements for rental income that outpaces the cost of living and why it will provide an income that will last.
