L A S V E G A S N E V A D A
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Median Household Income: $44,000
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Median Housing Price: $314,000
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% College Degree or Higher: 17%
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Falling in love with Vegas is easy to do. "The Entertainment Capital of the World" welcomes
35 million people a year. Visitors love to enjoy luxurious hotels, unique shopping experiences,
dazzling and unusual stage shows, first rate
restaurants, and world class gaming. Of
course, Las Vegas is also a golfer's paradise,
with plenty of championship golf courses.
Away from the man-made excitement is a
world of natural beauty unlike any other place
on earth. Red Rock Canyon's unique rock
formations are perfect for both the
photographer and the rock climbing
enthusiast. Mt. Charleston offers hiking,
skiing, camping and all the wonderful sensations of the High Sierras. Lake Mead is perfect if
you're into water sports. The Grand Canyon, Valley of Fire, and Death Valley are all short hops
from the Strip.
For the entire decade of the 1990s and now into the 21st century, Las Vegas has been the
fastest growing metro area in the nation. Low unemployment, an expanding skilled labor force,
an exceptional tax structure, a pro-business environment
and a great climate all give Las Vegas the "total package."
Each month, a spectacular 2.5 million visitors and
6,000 new residents flock to Las Vegas to enjoy its warm
climate, fabulous resorts, unparalleled entertainment,
southwestern lifestyle and economic prosperity. The
current population is estimated at 1.6 million. Las Vegas
has continued to rank first nationally in employment
growth since 1995, according to the Arizona State
University Economic Outlook Center. With Clark County’s
consistently low unemployment rate, Las Vegas is projected to maintain its position well into the
millennium.
The population explosion has resulted in great opportunities for new businesses and more jobs
as well. For the past several decades, Las Vegas has ranked among the top cities in job growth
— an important factor to relocating individuals and families. Outlook recently named Las
Vegas as one of the top five cities in the country to live.
Inc. rated Las Vegas as the # 1 entrepreneurial city in
America, citing the thousands of new businesses that
start in Nevada each year. Fortune named Las Vegas
as the #2 city in the country in which to do business.
Because tourism adds up to nearly one-third of
the state’s annual tax revenue, business owners are
not subject to corporate income tax or franchise,
inventory or unitary taxes. Residents pay no personal
income tax. The minimal tax burden means that
Nevadans can keep more of the money they earn. U.S.
Commerce Department’s Economic Analysis Bureau ranks Las Vegas as the top metro area for
income per capita, with an annual growth rate of 2.3%. Source: Las Vegas Chamber of
Commerce




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