Apr. 4, 2008 - Las Vegas Made the Top Towns For Empty Nester
Empty Nester's
The Curry's of Atlanta wasted no time selling their family home as soon as their youngest son graduated high school. In Ms. Curry's words the ink was not even dry on the diploma before they sold the home and moved. Seems more and more people are moving as soon as they become empty nester's.
Las Vegas is on the top ten list of where these empty nester's are moving too. According to a Forbes magazine article between the years of 1990-2005 the empty nest population in Las Vegas has grown 156%. for the age population of 55-64 years of age. To read more on this Forbes Magazine Article click here
I did a little more investigation since these statistics only went to 2005 as of March 2008 I found this: Which takes us to July of 2007.
According to a new U.S. Census Bureau report. The growth measure was based on the actual number of people moving into metro areas, not on percentage terms - by that count, Las Vegas did not crack the top ten. The report says that the Las Vegas Metro’s population increased by 59,165 people from July 2006 to July 2007.
More about Las Vegas that may contribute to people moving to Las Vegas,
- No local or state income tax
- No business income tax
- No estate tax
- 95% of companies hire locally
- Between 200,000-250,000 miles of fiber optic cable in the ground
- Cheapest operating cost in the US for a corporate headquarters
- 96,000 people (net) moved here in 2006
- Median family income up 66% from 1996-2006
- Value of a home up 168% in ten years
- Over 38 million visitors in 2006, up 31% in ten years
- Convention business up 95% in ten years
- Room inventory 132,000, up 42%
- Over $40 Billion in new construction in the next five years
I do know one thing if you are thinking about moving to Las Vegas NOW is the time:
So if you find your house
I can help you find a new house and as of Feb 2008 the medium price was $284,900 but also remember negotiations are key:)
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Comments (6) :: Post A Comment! :: Permanent Link
View more entries tagged with: Las Vegas, Moving To Las Vegas, Empty Nesters, Buying, Selling
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Apr. 4, 2008 - RE: Las Vegas Made the Top Towns For Empty Nester |
| Posted by Missy Caulk |
| I learned things about Nevada, I had no idea of. Sounds like a very business friendly state. |
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Apr. 4, 2008 - RE: Las Vegas Made the Top Towns For Empty Nester |
| Posted by Bob Carney |
| Some pretty good reasons to move to Vegas...add mine, to be a Pit boss! |
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Apr. 4, 2008 - RE: Las Vegas Made the Top Towns For Empty Nester |
| Posted by stephen wolfe |
| Chris, I always knew it was a major tourist hot spot. I never realized it was such a hot spot to live too! Have fun playing house! |
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Apr. 5, 2008 - RE: Las Vegas Made the Top Towns For Empty Nester |
| Posted by John Lauber |
| Thanks for the information Chris. I too learned some new things about LV. |
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Apr. 5, 2008 - RE: Las Vegas Made the Top Towns For Empty Nester |
| Posted by Eric Badgley |
| Old people love to gamble thats for sure. My grandma goes down there and visits 5 times a year. |
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Apr. 18, 2008 - RE: Las Vegas Made the Top Towns For Empty Nester |
| Posted by Irina Netchaev |
| Chris, living next to Nevada, I didn't realize that it gave such a huge tax break. No wonder folks are moving there. Add some gambling and major entertainment AND very affordable home prices and it easily provides quite an incentive to empty nesters. Great post! |
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