The strip is depressing, but the actual city outside of the strip is pretty cool. It's rapidly growing with very affordable housing. The food scene is excellent because of a diverse population. The nature scene is excellent. Electricity is very cheap, no income tax, low property taxes. Extremely well maintained and overbuilt infrastructure, very little traffic. A very nice airport (my favorite in the US) that is very near the population center and also with reasonably priced parking.
Vegas has a lot to offer and the strip really dominates the perception of it which is unfortunate.