Las Vegas, Nevada


Pros

-Desert climate
-Job growth
-Air service

Cons

-Summer heat
-Rising home prices
-Tourist impact

Location

Southern Nevada near Colorado River
Profile: Large resort city
Elevation: 2180
Time zone: Pacific Standard Time

What Bert Has To Say About Las Vegas-Paradise Metro Area


The unique and booming desert metropolis of Las Vegas continues to be a curiosity among today’s U.S. cities. Las Vegas is known for its famous “Strip”, an adult Disneyland attracting visitors worldwide to its gaudy hotel-casino reproductions of famous world places, like King Tut’s tomb or downtown New York or Paris. In fact, most of these “strip” sites are second generation, with older hotels being torn down and replaced with new fantasies apparently purposed as much to outdo each other as to entertain visitors.

The Strip is actually the “Paradise” in the metro area name, stretching south along Las Vegas Boulevard from a not-too-interesting real downtown area and has resisted annexation from the city proper. That’s probably okay; this area flourishes on its own and doesn’t get much attention in real life from local residents, except those who work there.

Stripping away tourism and entertainment still reveals a hot, dry, desert town exploding with growth. Las Vegas has one of the highest growth rates among larger metropolitan areas, as well as the sprawl problems that accompany it. The economy is highly tied to the tourist trade and more recently the construction trade, as housing construction is booming. Home prices have skyrocketed in recent years.

The area has become quite popular with wealthy individuals and especially business owners looking for a favorable income and inheritance tax climate, and is also gaining ground as an “escape” destination from pricier West Coast locations and is picking up a number of overseas immigrants also bypassing the more expensive larger Coast cities. The middle class is growing, but is still less evident than in most American cities.

As mentioned, the Strip, while near the center of town, is fairly self-contained with little spreading away from its central core. Sprouting up outside the city in most directions are suburbs and self-contained communities, particularly to the northwest, west and southeast, for many miles. A few high end community developments lie to the northwest, while Spring Valley to the west is middle class and one of the more family oriented communities. The strongest growth is occurring south and east in Henderson, once a separate town but now a booming commercial and retail center and location of most of the heavier industry in the area, with suburbs spreading mostly west. Finally, not inconsistent with other parts of the area, the posh Lake Las Vegas just northeast of Henderson is a man-made recreation of a Mediterranean villa.

The University of Nevada at Las Vegas adds a college presence, sports entertainment and is a significant employer, as are local health care providers. The tourist industry brings excellent air service to all parts of the country at reasonable prices. The surrounding mountainous terrain offers hiking and rock-climbing opportunities and winter skiing.

Bottom line: upsides include economic growth, albeit coming in a cyclically riskier form than most places, a pleasant winter climate and attractive housing especially for more upscale buyers. Downsides include heat, desert monotony, high violent crime rates, home prices, dependence on tourism and the constant influx of tourists.

Las Vegas is situated near the center of a broad desert valley surrounded by mountains rising 2,000 feet to 10,000 feet. The climate is arid with four distinct seasons. Maximum summer temperatures are in the 100 degrees range. Mountain proximity contributes to relatively cool (mid-70’s) summer nights. About 2 weeks each summer, warm, moist air moves in from the south, causing scattered thunderstorms, occasionally severe, together with higher than average humidity. Winters on the whole are mild and pleasant. Daytime temperatures average near 60 degrees with mostly clear skies. Spring and fall seasons are generally the most pleasant, although sharp temperature changes can occur during these months. The city is the driest and sunniest in the United States, with cloudy days averaging about 2 per month and rainy days less than 1 per month year-round. Snow rarely falls.


Highlights


COUNTRY - United States
STATE - Nevada
COUNTY - Clark County
METRO AREA - Las Vegas-Paradise Metro Area
CITY - Las Vegas
ZIP CODES - 89110, 89108, ... 19 total
REAL ESTATE - For Sale  For Rent
SCHOOLS - See Local Schools

Quick Facts About Las Vegas


ECONOMY
The unemployment rate in Las Vegas is 7.60 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Las Vegas jobs have Increased by 1.88 percent.

COST OF LIVING
Compared to the rest of the country, Las Vegas's cost of living is 0.60% Lower than the U.S. average.

POPULATION
As of 2014, Las Vegas's population is 587,699 people. Since 2000, it has had a population growth of 20.92 percent.

TRANSPORTATION
Average Commute time is 25 minutes. The National Average is 25 minutes.

REAL ESTATE
The median home cost in Las Vegas is $160,200. Home appreciation the last year has been 25.80 percent.

SCHOOLS
Las Vegas public schools spend $9,631 per student. The average school expenditure in the U.S. is $12,435. There are about 20.9 students per teacher in Las Vegas.


Las Vegas Housing Market


It's a good time to buy in Las Vegas. Home Appreciataion is up 25.8% in the last 12 months. Browse Las Vegas Real Estate.
The median home price in Las Vegas is $160,200. Browse Homes in this Range.
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Comments


Living Las Vegas
I lived in LV for 3 years and really loved, coming from NY, the peace and quiet living plus the hot weather made me happy. I am looking forward to go back. I was... (read more)
Moving to LV
Every time I hear Steve Wynn on the news complaining there is no real economic recovery, I know his LV profits had tanked again..Save the LV strip designed for tourists... (read more)
Nice to visit once, not to live there ever
Las Vegas has changed forever since the invention of the online,Indian and Macao casinos.Save the outdated Strip, there is little else to see.Half of the city retail is... (read more)
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