Las Vegas - Real Estate Overview

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.

The population explosion has resulted in great opportunities for new businesses and more jobs. Las Vegas continually ranks among the top cities in job growth, an important factor to relocating individuals and families. Las Vegas was recently named as one of the top five cities in the country to.

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%.