Retire in Nevada
Nevada, population just under 2.6 million in 2008, is the 2nd fastest growing state in the union. Its population increased 30% from 2000. The Silver State attracts a growing number of baby boomers to retire in Nevada. The capital is Carson City and the largest city is Las Vegas. Most of the state is unsettled, desolate wilderness. The Mojave Desert occupies much of the southern part of the state; the Great Basin is in the north. The state is well known for its relaxed laws on gambling and prostitution, but it also home to many families and 55+ communities. The Wikipedia entry for Nevada has more interesting facts.
The reviews on this site can help you narrow your choice about where to retire in Nevada and other states - we have important information about real estate prices; what makes each community special and not so special; along with important facts about the cultural, economic, medical, and transportation infrastructure.
The Nevada climate is that of the steppe, characterized by aridity and an altitude above 3000 feet. Summers are hot and dry; there is plenty of sunshine. There can be dry snow in the mountains.
Economy & Home Prices in Nevada
Nevada's 2006-8 household income was $56,300, well above the U.S. median of $52,000. Tourism, mining, and agriculture drive the economy. The Las Vegas real estate market has been one of the 3 hardest hit in the nation; prices have been sliced and many homes have been foreclosed. More established 55+ communities have generally fared better than those for the general population. The median in early 2012 for the state was $119,800 according to Zillow. The median home in the Las Vegas area sold for $122,700 in late 2011 vs. the national median of $177,000; the median sales price in 2006 was over $317,000. There is a tremendous range of prices for apartments and homes in the Las Vegas region. Jobs in the tourist industry for retirees in Las Vegas and Reno were normally plentiful prior to the current recession.
Nevada is a low-tax paradise. It has a no income tax. State sales tax is 6.5%. Total tax burden in Nevada is 49th in the U.S. The state ranks 29th highest for property tax collections. Nevada does not have an estate or an inheritance tax. More tax information is available at www.tax.state.nv.us
Certified Retirement Communities
Nevada does not have a certified retirement community program.
Best retirement communities in Nevada
Henderson near Las Vegas and Mesquite are two important centers for retirees. Both had experienced explosive growth, but are now caught in the current real estate mess. Retirees are starting to move to the Lake Tahoe and Carson City region as well. Las Vegas, Paradise, and Sunrise Manor have many retirees. Reno is thought by some to be a particularly nice spot for retirees. Carson City is expensive and not a great city from a tourist standpoint, although its setting in the Sierra Nevadas is great. Nearby to Carson City are the smaller towns of Minden and Gardnerville, which are attracting retirees. The small town of Pahrump appeals to many retirees for its low costs and friendly atmosphere. The University of Nevada has campuses in Reno and Las Vegas. Incline Village-Crystal Bay is the wealthiest community in Nevada, followed by Kingsbury and Mount Charleston.
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