Where are the Largest Incomes in Las Vegas?

Henderson No Longer has the Highest Median Income

The southwest Las Vegas Valley now boasts the highest median household income in the region, according to a new report from Colliers.


Colliers' first-quarter apartment market report reveals that the median annual household income in the southwest valley reached $88,423, surpassing Henderson's $86,682. In the first quarter of 2023, these figures were $90,531 in the southwest and $92,356 in Henderson.


Jeffrey Swinger, an executive vice president for multifamily investment sales with Colliers International, noted the area's appeal to high-income workers. He described the southwest valley as a "hodgepodge," highlighting its unplanned nature and available land as key attractions for development, especially compared to fully developed areas like Green Valley and the distinct Summerlin.


Enterprise, covering most of the southwestern valley, is one of the nation's fastest-growing areas. It is developing a mix of commercial and residential projects on its available land within Clark County but outside the cities of Las Vegas, North Las Vegas, and Henderson. Esri's population data shows Enterprise's growth rate is more than double that of the entire valley, increasing nearly 60% from 2010 to 2023, reaching 245,243 residents by the end of 2023. An additional 13,713 residents are expected by 2028.


Following the southwest and Henderson, Summerlin/The Lakes has the third-highest median household income at $78,395, and the northwest valley follows with $77,352. The northwest valley has the most households (125,400), followed by the southwest (103,800) and Summerlin/The Lakes (101,100). The University/The Strip submarket has the highest renter percentage at 79%, with the central valley at 68% and west Las Vegas at 61%.


Sunrise Manor/Northeast has the largest households, averaging 3.2 people per home, followed by North Las Vegas (3.1) and both the northwest and southwest (2.7). According to a recent SmartAsset report, a single adult needs to earn $94,432 annually, or $45.40 per hour, to live comfortably in Las Vegas.


For more information on recent trends in Las Vegas, you can access the Colliers Report here.


February 19, 2025
In today’s fast-paced world, it's easy to get caught up in the hustle and forget the simple things that make life meaningful. One of the most powerful, yet often overlooked, ways to enrich our lives is by expressing gratitude. Whether it's sending a handwritten thank you card, picking up the phone to call a loved one, or simply acknowledging someone's kindness, these small acts have big benefits for both the giver and the receiver! 1. Improves Mental Health Expressing gratitude can have a positive impact on your mental well-being. Studies show that taking the time to acknowledge and appreciate what others do for you can lower stress and improve your overall mood. When you send a thank you note or call someone to express your appreciation, you foster positive emotions that help shift your mindset toward optimism. 2. Strengthens Relationships A heartfelt "thank you" can go a long way in maintaining and deepening your relationships. Whether it’s a friend, family member, or colleague, showing gratitude makes the recipient feel valued and recognized. A quick phone call or a note saying "I appreciate you" can create a stronger bond and encourage more positive interactions in the future. 3. Cultivates a Culture of Kindness  By expressing gratitude, you're setting an example for those around you. It’s contagious! When you take the time to appreciate others, you're encouraging a culture of kindness and appreciation in your community. Small gestures like sending thank you cards can inspire others to do the same, creating a ripple effect of positivity. In Conclusion Expressing gratitude doesn’t require grand gestures. A thank you card, a quick call, or a heartfelt message can transform your relationships and improve your own well-being. The power of gratitude is undeniable—small acts of appreciation can have a lasting impact, creating a more positive and connected world for everyone. So, go ahead—reach out, say thank you, and feel the benefits in return.
February 12, 2025
We’re sure you’ve heard about Punxsutawney Phil of Pennsylvania, but did you know Nevada has its own unique way of signaling the arrival of spring in the desert? His name is Mojave Max! Mojave Max, a tortoise residing at the Springs Preserve in Las Vegas, acts as a local mascot for the desert tortoise conservation program. Katrina Smith, the Senior Zoologist at the preserve, explains that Mojave Max's emergence is rooted in biology rather than folklore. Unlike a rodent seeing its shadow, which holds no real significance, the emergence of a desert tortoise is a biological event. For Max, the temperature inside his burrow must reach a certain threshold before he becomes active. This signals the warming weather, the blooming of flowers, and the increase in wildlife activity. When he emerges, it marks the official arrival of spring! Over the past two years, Max has emerged in late March, and his return has become a highly anticipated event. For over 25 years, local elementary students have been participating in the Mojave Max Emergence Contest, guessing the date of his big appearance.  Mojave Max's emergence serves as a reminder that spring in the desert is not just a season, but a living, breathing change in the environment that calls for our attention and care!
February 7, 2025
Essential Information for Protecting Your Belongings
More Posts
Share by: