Operating Costs & Incentives
Doing Business in Las Vegas Saves You Money
With its competitive cost of doing business, rapidly growing population that fuels a strong talent pool, and a consistent influx of business travelers, Las Vegas offers a winning combination for business growth.
The Vegas Advantage
Want to reduce your operating expenses? You’ve come to the right place! Nevada’s lack of both a personal income and corporate income taxes, affordable real estate, and its pro-business regulations help set us apart from our western neighbors. Labor and utility costs are lower in Las Vegas than in other major cities like Los Angeles or New York, and the state offers more than a dozen business incentive programs to keep your operating costs low. Combine these benefits with a growing population, that is your talent pool, and a steady stream of business travelers, and you’ve got a winning hand to grow your business.
No State or Corporate Income Tax
Pro-Business Regulations
Lower Labor Costs
Affordable Real Estate
Reduced Utility & Energy Costs
Access to a Growing Population
One of the Best States for Business
Offering one of the lowest tax burdens in the nation, Nevada is consistently ranked by the likes of Forbes Inc. and Money magazine as having one of the best overall business climates in the nation. Wallethub ranked Nevada the 7th best state to start a business in 2025, while Bankrate called Nevada the 5th most friendly state to small businesses. Nevada’s tax structure is designed to be less burdensome to both businesses and their employees, making it an attractive destination for companies. Connect with a member of our team to get your free custom cost comparison.
Competitive Advantages
- No corporate income tax
- No personal income tax
- No franchise tax
- Minimal employer payroll tax
- No estate tax
- No admission tax
- No unitary tax
Reduce Your Tax Burden
Nevada offers qualifying businesses tax incentives to assist companies with relocating to or expanding into Southern Nevada. Businesses may qualify for sales tax abatements on capital equipment purchases, relief on payroll taxes, and deferment of sales and use taxes on qualified equipment. As the regional economic development authority, LVGEA offers complementary expertise and advocacy to companies applying for state tax abatements. Connect with our team to learn more about Nevada’s tax abatements and qualifications.
Competitive Cost of Doing Business
| OPERATING COSTS COMPARISONS | LAS VEGAS | PHOENIX | SAN DIEGO | SALT LAKE CITY |
|---|---|---|---|---|
| Workers Compensation Cost (per $100 in Payroll) | $1.00 | $0.87 | $2.26 | $0.86 |
| Payroll Tax | 1.17% | 5.10% | 6.60% | 4.85% |
| Unemployment Insurance Tax (Max Rate) | 5.40% | 18.80% | 6.20% | 7.00% |
| Corporate Income Tax Rate (Highest Bracket) | 0.00% | 4.90% | 8.84% | 4.85% |
| Office Market Average Asking Rents (PSF) | $2.64 | $2.59 | $3.34 | $2.18 |
| Industrial Market Average Asking Rents (PSF) | $1.11 | $1.00 | $1.57 | $0.77 |
| Commercial Electric Rates (per kWh) | $0.118 | $0.117 | $0.239 | $0.085 |
| Industrial Electric Rates (per kWh) | $0.103 | $0.079 | $0.189 | $0.070 |
| Commercial Natural Gas Rates (per 1000 cu.ft.) | $13.79 | $12.28 | $17.21 | $11.85 |
| Industrial Natural Gas Rates (per 1000 cu.ft.) | $11.74 | $6.53 | $13.22 | $9.99 |
Source: LVGEA’s City Check, Q1, 2025.
Why Companies Choose To Do Business Here
“It’s easy to get things done.”
“Everyone wants to help.”
“There’s a business-friendly environment.”
These are just a few of the reasons why companies say they love doing business in Las Vegas. Watch the video to learn more.
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