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 980K. The labor market grew by 116,600 jobs over the past year, up by 12.6%. The median household income in Las Vegas is $48,891, 22.8% lower than last year and 27.6% below the national average of $67,521.
In the housing market, total permits issued totaled 15,827 over the last twelve months, up 9.3% year-over-year. Las Vegas has 223 active new home projects on the market, 5.7% more than the 211 from last year. The average list price in the market is $582,852, 30.6% higher than last year and 29.4% above the national average. Over the last three months, new home contracts decreased by 23.0% to 3,010. Las Vegas and Henderson had the highest concentration of the new home contracts in the Las Vegas market.
