The Silver state is also tax-friendly since you won’t be paying any income taxes. But you do have to watch out for sales taxes which sit at 6.85%. In some localities, you may need to add 1.53% to those numbers. According to the Tax Foundation, the average combined rate sits at 8.23%, which is pretty high compared to other states.
Prescription drugs and groceries are exempt from sales taxes, but clothing and motor vehicles aren’t.
While you won’t have to worry about estate or inheritance taxes, keep in mind that in Nevada, the median property tax rate is $533 per $100,000, making it one of the lowest rates in the nation.