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Las Vegas is a very large city located in the state of Nevada. With a population of 583,756 people and 354 constituent neighborhoods, Las Vegas is the largest community in Nevada.
Las Vegas real estate is some of the most expensive in Nevada, although Las Vegas house values don't compare to the most expensive real estate in the U.S.
Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Las Vegas is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Las Vegas is a city of service providers, sales and office workers and professionals. There are especially a lot of people living in Las Vegas who work in office and administrative support (14.04%), sales jobs (11.23%) and food service (10.55%).
Las Vegas is one of the most attractive larger cities for people who are young, single, educated, and upwardly-mobile career starters. This makes it a good place to live for young singles in their 20s and 30s and who have undergraduate or graduate degrees and are starting their professional careers. Although Las Vegas is a large city, this demographic is significant enough that young professionals will find many others like themselves here, with really good opportunities for friendships, recreation, romance, and more.
One of the benefits of being a big city like Las Vegas is having a public transportation system, but in Las Vegas the transit system is the mode of choice for lots of people getting to and from work every day. You will find many people using the bus for their daily commute, even though other transportation options exist. If you ask these commuters, many will tell you that not having to drive in the snarl of big city traffic is one of main reasons for leaving the car at home, or even not owning a car at all. With so many people taking the bus Las Vegas benefits from a reduction in air pollution and traffic.
Las Vegas Information and Demographics
The population of Las Vegas overall has a level of education that is slightly above the US average for all US cities and towns of 21.84%. Of adults 25 and older in Las Vegas, 21.46% have at least a bachelor's degree.
The per capita income in Las Vegas in 2010 was $26,755, which is upper middle income relative to Nevada and the nation. This equates to an annual income of $107,020 for a family of four. However, Las Vegas contains both very wealthy and poor people as well.
Las Vegas is an extremely ethnically-diverse city. The people who call Las Vegas home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Las Vegas residents report their race to be White, followed by Black or African-American. Las Vegas also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 31.50% of the city’s residents. Important ancestries of people in Las Vegas include German, Irish, Italian and English.
Foreign born people are also an important part of Las Vegas's cultural character, accounting for 21.78% of the city’s population.
The most common language spoken in Las Vegas is English. Other important languages spoken here include Spanish and Tagalog.
Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.
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Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments. MSAs may cross
county and state lines to form a qualified statistical region.
Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.
|Number of Homes
. (Recessions shown as gray bars.)
- Current Population Survey, CES
- Current Employment Statistics.
The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics. A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments. Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper. (Note: taxes are not considered here.)
The rent-to-mortgage payment ratio for Las Vegas was 0.86 in September 2013.
Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.