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RSS FeedLas Vegas on the CNN Money List |
Aug. 4, 2006
Categorized in: House Prices
Tagged with: best places to live, in the top 100 is las vegas, moving to las vegas, overpriced property
Las Vegas made the CNN money list as one the 100 overpriced markets. I tend to agree with the evaluation, however it does not seem to stop people from buying. I will say though we have the highest number of homes in our MLS than has ever been there before. Homes are also taking 4-5 months to sell. So we may see the prices come down some as sellers get anxious.
Of course while our housing maybe overpriced, we were also on the top 100 as a good place to live. Below are the statistics from CNN:
|
Las Vegas, NV
|
||
| Financial | ||
| City stats | Best places average | |
| Median family income (per year) |
$59,195 | $76,893 |
| Family purchasing power (annual, cost-of-living adjusted) |
$44,845 | $68,109 |
| Sales tax | 7.75% | 6.55% |
| State income tax rate (highest bracket) |
n/a | 6.46% |
| State income tax rate (lowest bracket) |
n/a | 2.74% |
| Auto insurance premiums (Average for the state) |
$2,557 | $2,207 |
| Job growth % (2000-2005) |
19.68% | 10.97% |
| Housing | ||
| City stats | Best places average | |
| Median home price | $260,000 | $259,566 |
| Home price gain (2004-2005) |
11.20% | 9.26% |
| Education | ||
| City stats | Best places average | |
| Colleges, universities and professional schools |
3 | 8 |
| Junior colleges and technical institutes |
0 | 0 |
| Test scores reading (% +/- state average) |
-15.9% | 13.3% |
| Test scores math (% +/- state average) |
-9.2% | 16.9% |
| % students attending public/private schools |
91.1/8.90 | 88.4/11.59 |
| Quality of life | ||
| City stats | Best places average | |
| Air quality index (% of days AQI ranked as good) |
46.8% | 71.9% |
| Personal crime risk (100 is nat'l average; lower is better) |
323 | 45 |
| Property crime risk (100 is nat'l average; lower is better) |
267 | 74 |
| Personal crime incidents (per 100,000) |
789 | 228 |
| Property crime incidents (per 100,000) |
4,812 | 3,105 |
| Median commute time (in minutes) |
22.4 | 20.8 |
| % population with commute 45 mins. or longer |
9.8% | 13.4% |
| Leisure and culture | ||
| City stats | Best places average | |
| Movie theaters (within 15 miles) |
23 | 22 |
| Restaurants (within 15 miles) |
3,377 | 2,268 |
| Bars (within 15 miles) |
397 | 127 |
| Public golf courses (within 30 miles) |
62 | 74 |
| Libraries (within 15 miles) |
23 | 43 |
| Museums (accredited by AAM within 30 miles) |
1 | 7 |
| Ski resorts (within 100 miles) | 1 | 10 |
| Weather | ||
| City stats | Best places average | |
| Annual precipitation (inches) |
4.05 | 36.00 |
| Clear days | 210 | 107 |
| High temp in July ° F | 107.5° | 87.7° |
| Low temp in Jan ° F | 28.0° | 23.5° |
| Health* | ||
| City stats | Best places average | |
| Has health plan (% of residents) |
82.0% | 88.2% |
| Body mass index (avg. for residents) |
27 | 27 |
| Cancer mortality (per 100,000, age-adjusted) |
190.7 | 191.3 |
| Cardiac mortality (per 100,000) |
174.2 | 202.0 |
| Meet the neighbors | ||
| City stats | Best places average | |
| Median age | 34.2 | 34.5 |
| Completed at least some college (% of residents) |
50.2% | 63.9% |
| Married | 48.5% | 54.3% |
| Divorced | 14.0% | 9.3% |
| Amount spent on vacations (domestic and foreign, household avg. per year) |
$6,910 | $7,549 |
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