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.

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