Las Vegas population is 2.2M, with a total workforce of 1.0M. The labor market grew by 18,200 jobs over the past year, up by 1.8%. The median household income in Las Vegas is $59,853, 4.7% higher than last year and 2.5% below the national average of $61,372.
In the housing market, total permits issued totaled 11,521 over the last twelve months, down 12.9% year-over-year. Las Vegas has 261 active new home projects on the market, 4.4% more than the 250 from last year. The average list price in the market is $403,535, 3.8% lower than last year and 29.0% above the national average. Over the last three months, new home contracts decreased by 1.3% to 2,647. Las Vegas and North Las Vegas had the highest concentration of the new home contracts in the Las Vegas market.