Economic Development

Nevada Quality of Life

Nevada is a state of extraordinary contrasts - from the excitement of the Las Vegas Strip, to the tranquility of a silent desert sunset.  Our many unique environments mean that you don't have to make any personal sacrifices to take advantage of Nevada's business opportunities.

Nevada offers unparalleled outdoor and recreational activities, including world class golfing, skiing and boating, as well as fishing, hunting and hiking.  Nevada's art, culture and entertainment environment is equally rich and diverse.  Las Vegas, Reno and Lake Tahoe host the biggest names in entertainment, while festivals across the state as diverse as the Cowboy Poetry Festival in Elko and Burning Man in the Black Rock Desert celebrate Nevada's art and culture.

Source: Nevada Governor's Office of Economic Development

Climate

Wind Speed & Direction
Location Prevailing Wind Direction Wind Speed*
Elko Airport W 5.4
Ely Airport S 9.5
Eureka Airport S 6.8
Fallon NAS S 6.9
Las Vegas International Airport S 8.1
Las Vegas Nellis AFB S 10.1
Lovelock Airport NNE 6.7
North Las Vegas Airport W 6.1
Reno Tahoe International Airport W 6.1
Tonopah Airport N 9.8
Winnemucca Airport S 7.6

Source: Western Regional Climate Center Wind Speed, Wind Direction, *mph, annual average

Humidity
Location AM PM
Elko 70 37
Ely 66 37
Fallon NAS 58 31
Las Vegas 40 20
Las Vegas Nellis AFB 39 23
Reno 71 32
Tonopah 46 28
Winnemucca 64 33

Source: Western Regional Climate Center

Sunny or Partly Sunny Days
Location Sunny Days Partly Sunny Days Sunshine Yearly
Elko 130 99  
Ely 131 109 73%
Las Vegas 210 82 85%
Reno 158 93 79%
Winnemucca 138 89 68%

Source: Current Results Research News & Science Facts

Elevation
Approximate Mean Elevation
(ft.)
Highest Point Elevation
(ft.)
Lowest Point Elevation
(ft.)
5,500 Boundary Peak 13,140 Colorado River 479

Source: Current Results Research News & Science Facts

Sales Tax

County Rate (%)
Carson City 7.475
Churchill County 7.600
Clark County 8.100
Douglas County 7.100
Elko County 6.850
Esmeralda County 6.850
Eureka County 6.850
Humboldt County 6.850
Lander County 7.100
Lincoln County 7.100
Lyon County 7.100
Mineral County 6.850
Nye County 7.600
Pershing County 7.100
Storey County 7.600
Washoe County 7.725
White Pine County 7.725

Source: Nevada Department of Taxation

Housing

Housing Vacancy Rates (%)
Year Homeowner Rental
2014 2.9 10.2
2013 2.9 11.0
2012 4.1 11.2
2011 4.4 11.1
2010 4.3 10.6

Source: U.S. Census Bureau, American Community Survey, Selected Housing Characteristics

Housing Occupancy
Year Total Housing Units Occupied Housing Units Vacant Housing Units
# % # %
2014 1,185,232 1,005,958 84.9 179,274 15.1
2013 1,182,122 995,980 84.3 186,142 15.7
2012 1,171,300 992.896 84.8 178,404 15.2
2011 1,160,680 983,740 84.8 173,939 15.0
2010 1,140,555 979,621 85.9 160,934 14.1

Source: U.S. Census Bureau, American Community Survey, Selected Housing Characteristics

Average Selling Prices
Type Median List Price Median Sales Price
Single Family Home
3,500 sq. ft., 4 bedrooms
$117/sq. ft. $126/sq. ft.
Single Family Home
2,500 sq. ft., 3 bedrooms
$117/sq. ft. $132/sq. ft.
Townhouse
1,500 sq. ft., 2 bedrooms
$117/sq. ft. $122/sq. ft.
Condominium
1,200 sq. ft., 2 bedrooms
$117/sq. ft. $105/sq. ft.

Source: Zillow, Sept 2014

Home Rentals/Apartments
Type Vacancy Rate (%) Average Monthly Rent ($)
Low High
Executive Style Single Family Home
3,000 sq. ft., 3 bedrooms*
N/A 1,248.00*
Studio Apartment 4.7 473 525
1 Bedroom Apartment 4.1 570 609
2 Bedroom Apartment 5.1 656 701
3 Bedroom Apartment 6.8 816 871
4 Bedroom Apartment N/A N/A N/A

Source: Annual Apartment Survey, 2014, provided by the Nevada Housing Division, *Zillow, Dec. 2015

Housing Value
Year Owner-Occupied Units < $99,999 $100,000 - $199,999 $200,000 - $499,999 $500,000 - $999,999 $1,000,000 +
# % # % # % # % # %
2014 559,911 129,547 23.1 210,722 37.6 189,993 33.9 23,012 4.1 6,637 1.2
2013 549,535 141,011 25.7 214,007 38.9 168,060 30.6 20,113 3.7 6,344 1.2
2012 574,281 107,532 18.7 194,060 33.8 231,477 40.3 32,555 5.7 8,657 1.5
2011 582,671 85,696 14.7 163,390 28.0 276,394 47.4 46,241 7.9 10,950 1.9
2010 589,050 66,325 11.3 135,334 23.0 315,311 53.5 59,258 10.1 12,822 2.2

Source: U.S. Census Bureau, American Community Survey, Selected Housing Characteristics

Housing Costs
Year Median Value Median Monthly Owner Costs
(housing units with a mortgage)
Median Rent
2014 $167,100 $1,514 $980
2013 $157,900 $1,465 $959
2012 $190,900 $1,698 $1,001
2011 $225,400 $1,776 $1,011
2010 $254,200 $1,777 $998

Source: U.S. Census Bureau, American Community Survey, Selected Housing Characteristics

NAHB-Wells Fargo Housing Opportunity Index (HOI)
Metro Area Shares of Homes Affordable
for Median Income
Median Family Income
(000s)
Median Sales Price
(000s)
National
Affordability
Ranking
Regional
Affordability
Ranking
Albuquerque, NM MSA 73.2 59.4 186 121 12
Austin-Round Rock-San Marcos, TX 59.6 76.8 262 177 67
Boise City-Nampa, ID 69.9 61.3 216 135 20
Denver-Aurora-Broomfield, CO 60.8 79.9 320 174 34
Flagstaff, AZ 57.1 59.4 250 185 38
Great Falls, MT 86.8 61.6 164 32 3
Las Vegas-Paradise, NV 63.6 59.2 214 161 27
Oakland-Fremont-Hayward, CA 29.8 91.1 556 214 57
Portland-Vancouver-Hillsboro, OR-WA 56.5 73.9 295 189 41
Reno-Sparks, NV 57.8 63.5 260 184 37
Sacramento-Arden-Arcade-Roseville, CA 49.7 71.5 318 200 47
Salt Lake City, UT 71.9 72.2 255 126 15
Seattle-Bellevue-Everett, WA 49.3 88.6 398 202 48

Source: National Association of Home Builders, Second Quarter 2015

Housing Comparison
City 2 Bedroom Apartment Rental**
cost per month ($)
3 Bedroom Home Price ($)*
Phoenix, AZ 1,002 305,967
Oakland, CA 2,200 800,000
Denver, CO 1,518 424,154
Boise, ID 835 276,482
Bozeman, MT 1,003 372,015
Albuquerque, NM 956 321,976
Las Vegas, NV 960 367,571
Reno-Sparks, NV 1,048 322,817
Portland, OR 2,558 477,483
Austin, TX 1,224 280,524
Salt Lake City, UT 963 306,139
Seattle, WA 1,963 577,890
Laramie, WY 873 279,500

Source: ACCRA Cost of Living Index, Third Quarter 2016
*2,400 sq. ft. living area new house, 8,000 sq. ft. lot, urban area with all utilities
**Two bedroom, unfurnished, excluding all utilities except water, 1 1/2 or 2 baths, 950 sq. ft.

Return to TopEducation

School Information
Student Average Daily Attendance (%) Student/Teacher Ratio Drop Out Rate (%) Graduation Rate (%)
94.6 23:1 1.5 70.0

Source: Nevada Annual Reports of Accountability, 2014-15

Average Class Size
English Mathematics Science Social Studies
22 23 25 25

Source: Nevada Annual Reports of Accountability, 2014-15

School Enrollment
Year Population 3+ enrolled in school Nursery School/Preschool Kindergarten Elementary
(Grades 1-8)
High School
(Grades 9-12)
College or Graduate School
# % # % # % # % # %
2014 684,277 30,972 4.5 37,267 5.4 294,226 43.0 151,973 22.2 169,839 24.8
2013 680,952 30,869 4.5 37,835 5.6 290,758 42.7 153,465 22.5 168,025 24.7
2012 669,333 30,430 4.5 36,752 5.5 289,795 43.3 149,473 22.3 162,883 24.3
2011 656,482 28,623 4.4 35,172 5.4 288,970 44.0 147,192 22.4 156,525 23.8
2010 640,986 27,412 4.3 35,488 5.5 285,736 44.6 143,953 22.5 148,397 23.2

Source: U.S. Census Bureau, American Community Survey, Selected Social Characteristics

Summary of Standards-Based Test Performance (%)
Grade 5
Mathematics Reading Science Writing
ED AS MS ES ED AS MS ES ED AS MS ES ED AS MS ES
17.5 29.3 40.5 12.7 20.4 30.7 34.8 14.1 15.1 20.2 45.7 19.0 41.9 16.5 26.2 15.5
Grade 8
Mathematics Reading Science Writing
ED AS MS ES ED AS MS ES ED AS MS ES ED AS MS ES
6.7 40.7 45.6 7.0 18.7 28.4 40.5 12.4 11.6 38.4 41.2 8.8 58.4 21.4 15.3 4.9
Grade 11
Mathematics Reading Science Writing
ED AS MS ES ED AS MS ES ED AS MS ES ED AS MS ES
13.4 44.2 34.4 8.0 33.7 15.9 38.8 11.6 11.2 19.1 39.7 30.0 58.8 17.9 16.8 6.6

ED = Percentage of students performing in the lowest range of achievement (Emergent/Developing)
AS = Percentage of students performing in the Approaches Standards range of achievement
MS = Percentage of students performing in the Meets Standards range of achievement
ES = Percentage of students performing in the highest range of achievement (Exceeds Standards)

Source: Nevada Annual Reports of Accountability, 2014-15

Higher Education Resources
Four Year Institutions
Name of Institution Location Enrollment* Graduation Rate**
City County Undergraduate Graduate
Full-Time Part-Time Full-Time Part-Time
Great Basin College Elko Elko 1,796 1,385     22.9
Nevada State College Henderson Clark 2,061 1,316     21.6
University of Nevada, Las Vegas Las Vegas Clark 17,369 4,816 2,480 1,325 39.5
University of Nevada, Reno Reno Washoe 13,253 2,057 1,577 1,242 51.4

Source: *Nevada System of Higher Education, 2012-13, **2010-11

Community Colleges
Name of Institution Location Enrollment* Graduation Rate**
City County Full-Time Part-Time
College of Southern Nevada Las Vegas,
North Las Vegas,
Henderson
Clark 17,754 18,904 Reno
Truckee Meadows Community College Reno Washoe 5,434 6,249 16.7
Western Nevada College Carson City Carson 1,728 2,248 19.3

Source: *Nevada System of Higher Education, 2012-13, **2010-11

Return to TopCost of Living

City Composite Grocery
Items
Housing Utilities Transportation Health
Care
Misc. Goods
& Services
Phoenix, AZ 98.6 94.6 98.6 95.2 102.1 95.3 100.5
Oakland, CA 152.4 134.5 237.9 107.4 125.7 114.7 114.9
Denver, CO 112.6 110.4 134.3 94.7 104.1 107.8 104.2
Boise, ID 92.0 86.3 83.2 84.1 119.0 101.6 93.9
Bozeman, MT 100.8 101.3 106.6 84.8 109.9 105.6 96.9
Albuquerque, NM 94.3 93.4 95.3 86.2 94.2 98.5 95.8
Las Vegas, NV 101.3 101.6 107.4 86.6 107.3 101.4 98.4
Reno-Sparks, NV 105.3 108.6 99.1 89.9 111.9 105.2 111.9
Portland, OR 128.2 117.2 175.1 80.9 109.0 108.3 116.6
Austin, TX 96.3 86.6 94.0 101.3 99.8 100.5 98.9
Salt Lake City, UT 93.1 93.9 90.5 78.5 108.6 92.3 94.3
Seattle, WA 143.1 122.3 179.0 126.5 131.0 126.3 132.4
Laramie, WY 91.8 98.2 85.2 98.4 99.5 99.5 89.2

Source: American Chamber of Commerce Association (ACCRA), Third Quarter 2016

Public Safety (Crime Rate)

Category 2014 2013 2012
Number of Crimes Crime Rate* Number of Crimes Crime Rate* Number of Crimes Crime Rate*
Murder 168 0.06 159 0.06 118 0.04
Rape 1,351 0.48 1,081 0.39 923 0.33
Robbery 5,951 2.09 5,179 1.86 4,913 1.78
Aggravated Assault 10,466 3.68 9,822 3.52 10,679 3.87
Burglary 21,787 7.66 22,913 8.21 22,025 7.98
Larceny 42,122 14.81 45,702 16.38 45,237 16.40
Motor Vehicle Theft 10,128 3.56 9,967 3.57 9,991 3.62
Arson 403 0.14 397 0.14 408 0.15
Nevada Total
92,376 32.49 95,220 34.13 94,294 34.18
Western States**
      32.57   33.41
United States Total
  31.13 33.11

Source: State of Nevada Department of Motor Vehicles and Public Safety, Crime in Nevada Report. *Crime rate based on the occurrence of an index offense per 1,000 residents of the area. **Western States consist of Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming.