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InMyArea.com performed a study that took a look at the median prices per acre in 2021 and found that Arizona had the cheapest median cost per acre, at $4,164. The data includes the price of land with existing homes and the cost of land designated as a homesite were also included so that you can have some comparison.
Buying an acre of land in Nevada costs $19,309 on average based on the asking price of 105,917 acres for sale.
Buying an acre of land in Nevada costs $19,309 on average based on the asking price of 105,917 acres for sale.
Buying an acre of land in Missouri costs $15,756 on average based on the asking price of 207,985 acres for sale.
US States Land Ownership by Percentage: RankState% that is Private Land1AK4.2%2NV12.2%3UT24.8%4ID29.6%47 more rows
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Investing in land in Nevada comes with many perks because the land is generally a commodity that hardly depreciates compared to other entities. Land prices rise over time, so it is never a bad investment. However, there are some factors of owning land in Nevada that you might want to weigh before taking a step.
The cost of living in Nevada is $2049, which is 1.06 times more expensive than the average in the United States. Nevada ranked 17th most expensive and 20th best state to live in the United States. The average salary after taxes in Nevada is $3924, which is enough to cover living expenses for 1.9 months.
Extreme heat in the summer. High cost of living. A poorly ranked educational system. Some negatives in the urban areas.
Investing in land is one of the most powerful strategies to make money in 2022. Over the past few years, demand for land as an investment has experienced an uptick. From 2020 to 2021, there has been an increase of 155% in rural land sales. This growth is due to the stability that comes with purchasing a piece of land.
If cost of living is important to you, Nevada is likely a better place to live than California. Homes in Nevada are more affordable and you often get more house for your money. Living in Nevada has tax benefits, as youre taxed less than in California, which can be important to both workers and retirees.

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