Las Vegas is one of the world's most popular tourist destinations, and it's no surprise that it's also one of the fastest-growing cities in the United States. With a population growth rate of 1.57% year-on-year and 10% in the last decade, according to the most recent census, Las Vegas is an attractive option for those looking to move to a new city. The city also boasts an unemployment rate of 8.9%, and the labor market has increased by 3.5% over the past year.
The city is known for its many entertainment options, and it's also home to some of the world's largest casinos, restaurants, and other attractions. However, many people wonder if Las Vegas is a good place to live permanently. The answer is yes! While tourism, gaming, and entertainment are traditional features of Las Vegas' reputation, the city has also diversified its economy in recent years.
Nellis Air Force Base is home to the largest composite flying wing in the Air Force and provides a strong economic benefit to the region. Additionally, Symphony Park has seen several new developments in recent years, such as the Lou Ruvo Center for Brain Health and the Smith Center for the Performing Arts. These developments provide new attractions for visitors who aren't interested in gaming.
Las Vegas is a great place to visit, but detailed research is needed to make a final decision if moving to Las Vegas is the right choice. With many jobs in the tourism, gaming and entertainment industries, a high cost of living and the diversification of the economy with new developments, Las Vegas provides people with many opportunities and things to do as the best entertainment destination.
The Las Vegas real estate market is considered one of the most popular markets in the country. Home values are expected to rise by 10-15% over the next twelve months, and mortgage rates have slowly fallen. The employment rate in Las Vegas has fluctuated between half a point and a point above the national unemployment rate.
Overall, Las Vegas is an attractive option for those looking for a new city to call home. With its many entertainment options, strong economy, and diverse job opportunities, it's no wonder why so many people are choosing to move to Las Vegas.