In a city synonymous with fun, Las Vegas takes seriously the opportunities it affords both residents and visitors to enjoy life to the fullest. While tourists flock here for world-class dining, shopping and entertainment, the newly revitalized downtown is home to art galleries, diverse restaurants and bars and a host of engaging venues and museums. Here, serious, authentic fun is served up daily.
Las Vegas' population is 2.3M, with a total workforce of 1.0M. The labor market grew by 6,300 jobs over the past year, up by 0.6%. The median household income in Las Vegas is $58,433, 2.4% higher than last year and 7.5% below the national average of $63,179.In the housing market, total permits issued totaled 12,599 over the last twelve months, up 15.1% year-over-year. Las Vegas has 238 active new home projects on the market, 10.9% fewer than the 267 from last year. The average list price in the market is $410,485, 0.4% higher than last year and 27.7% above the national average. Over the last three months, new home contracts increased by 0.3% to 2,806. Las Vegas and North Las Vegas had the highest concentration of the new home contracts in the Las Vegas market.