Moving to Nevada

Are You Moving From or To Nevada?

Nevada is a western U.S. state defined by its great expanses of desert, and by the 24-hour casinos and entertainment for which its largest city, Las Vegas, is famed. Las Vegas is home to elaborate theme hotels and luxury resorts that line its main thoroughfare, the Las Vegas Strip. The city’s also home to museums such as the Mob Museum, extravagant live shows, and upscale shopping malls and restaurants.

Almost seventy-five percent of Nevada’s kin live in Clark County, which contains the Las Vegas-Paradise metropolitan area where three of the state’s four biggest fused urban communities are located. Nevada’s capital is Carson City.

Nevada is authoritatively known as the “Silver State” as a result of the significance of silver to its history and economy. It is otherwise called the “Fight Born State” since it accomplished statehood amid the Civil War (the words “Fight Born” likewise show up on the state hail); as the “Wise brush State”, for the local plant of a similar name; and as the “Wise hen State”. Nevada fringes Oregon toward the northwest, Idaho toward the upper east, California toward the west, Arizona toward the southeast, and Utah toward the east.

If you’re moving to Nevada, there are a lot of things you’re going to need to know. Luckily, you’ve come to the right place.

Moving to Nevada

Pros and Cons of Living in Nevada

Here are a few pros and cons to consider as you make your move to The Silver State:

Pros.
  • You will discover a lot of daylight accessible when living in Nevada.
    Nevada is in the top 10% of states for the number of daylight days that it gets during the year.
  • You will normally pay less in charges in Nevada contrasted with different states.
    Nevada offers one of the least generally speaking taxation rates to its occupants in the United States on account of the incomes which come through due to the travel industry.
  • You can appreciate various open air exercises while living in Nevada.
    You will find that the skiing openings which are accessible in the state are the absolute best on the planet.
Cons.
  • You will experience a generally higher rate of crime in the state compared to others.
    The crime rate in Nevada is largely dependent on where you choose to live in the state.
  • You may encounter issues with healthcare access in Nevada.
    If you decide to live in one of the three significant urban areas of Nevada (Las Vegas, Reno, or Carson City), then this disadvantage may not apply to assume that you have employment that gives you a health insurance benefit.
  • You will experience a lot of heat when living in Nevada.
    It is not unusual for the temperatures to climb well over 100F during the summer when living in Nevada because of the high desert climate.
Tax Rates

While tourists come to Nevada to gamble and experience Las Vegas, residents pay no personal income tax, and the state offers no corporate tax, no franchise tax, and no inventory tax.

The Nevada (NV) state sales tax rate is currently 4.6%. Depending on local municipalities, the total tax rate can be as high as 8.265%.

Housing Market

The typical home value of homes in Nevada is $316,102. This value is seasonally adjusted and only includes the middle price tier of homes. Nevada home values have gone up 6.0% over the past year and Zillow predicts they will rise 7.5% in the next year.

What Should I Know In 2020?

Economy Outlook

Nevada is the nation’s leading producer of gold, silver, and mercury. Petroleum, diatomite, and other minerals are also extracted. The state’s manufactures include gaming machines and products, aerospace equipment, lawn, and garden irrigation devices, and seismic monitoring equipment. Warehousing and trucking are also significant in Nevada industries.

Nevada’s economy, however, is overwhelmingly based on tourism, especially the gambling (legalized in 1931) and resort industries centered in Las Vegas and, to a lesser extent, Reno and Lake Tahoe. Gambling taxes are a primary source of state revenue. The service sector employs about half of Nevada’s workers. Liberal divorce laws made Reno the divorce capital of the world for many years, but similar laws enacted in other states ended this distinction. Much of Nevada (almost 80% of whose land is federally owned) is given over to the military and related use.

Our hardest hit sector remains leisure and hospitality which is Nevada’s largest sector at 23.2 percent of total employment-based on Current Employment Statistics (CES) estimates.

Leisure and hospitality are made up of restaurants, bars, golf courses, performing arts, fitness centers, museums, hotels, shows, casinos, etc. While many of these entities have been allowed to re-open, many businesses are still limited by social distancing restrictions to ensure public health. Policy restrictions, along with continued domestic and international travel restrictions to Nevada have restrained the recovery in this industry.

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Traffic & Transportation

Public transit in Nevada consists of urban, small urban, and rural transportation providers. Metropolitan Planning Organizations (MPO), provide transit services in large and small urbanized areas with populations of 50,000 or more. Smaller local public bodies or human service organizations provide public transit in rural areas.

There are four MPOs in Nevada; the Regional Transportation Commission of Southern Nevada (Las Vegas), the Regional Transportation Commission of Washoe County (Reno), the Carson Area Metropolitan Planning Organization (Carson City), and the Tahoe Regional Planning Agency (Lake Tahoe Basin).

Local public bodies and private nonprofit organizations provide transit services in rural and small urbanized areas with populations less than 50,000.

Cost of living

We discovered that whether it’s hip millennial cities like Reno, family-oriented cities like Sparks, or great places to retire to like Henderson, Nevada has plenty of affordable places to live for every stage of life and every budget. And that’s a good thing because the less you spend on your cost of living, the more you’ll have to spend on the fun things to do and see in the Sagebrush State.

So, what’s the cheapest place to live in Nevada? The place where you can truly live like a high roller on a blue-collar budget would be Caliente, the cheapest place in Nevada. Homes in Caliente go for a median price of $118,300, the fourth cheapest in the state. The median rent in Caliente is also staggeringly low at only $599, less than half the average rent in Nevada.

Also, Some places to live in Nevada include Reno, Henderson, and Paradise. Beyond the many casinos that Nevada is known for, the state offers beautiful natural areas such as Lake Mead, Cathedral Gorge State Park, and Lake Tahoe. Tourism, mining, and cattle ranching anchor the economy in Nevada.

A salary of $50,000 in Reno, Nevada could decrease to $47,283 in Las Vegas, Nevada.

Moving to Nevada

Things to Know When Moving To Nevada

Nevada Climate

The climate in Nevada is semi-arid with abundant sunshine, light rainfall, and snow. Average temperatures vary from about 19°C (66°F) in Carson City in the south to 8°C (47°F) in Elko in the north.

Employment

Top 6 fastest-growing jobs in Nevada, Electrical Assembler Industrial Engineer, Assembler, Line Leader, Machinist, Electrician

Real Estate

Home prices projected to drop in Las Vegas, the riskiest market in the nation. ... CoreLogic is betting with 70 percent certainty that home prices in Southern Nevada fall by 7.8 percent by July of 2021.The median price is $319,000

Average Income

Median Household Income: $57,598. Average Household Income: $77,319. Per Capita Income: $29,961. 4.7% of Households in Nevada are High-Income Households that make over $200,000 a year.

Industries

The tourism industry is one of Nevada's biggest industries. Today, the economy of Nevada is driven by tourism and gaming, mining and cattle ranching

Crime Rankings

Nevada’s crime rates are higher than the national rates for both violent and property crime. In Nevada, your odds of falling victim to violent crime are 5.4 out of 1,000. Nationwide, those chances fall to just 3.7 in 1,000.

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