This Southern Nevada Community Now Has The Highest Median Income
One year ago, Henderson boasted the residents with the highest median income. Now, in the first quarter of 2024, that honor belongs to Southwest Las Vegas and the community of Enterprise.
Southwest Las Vegas Now Has Highest Median Income In Southern Nevada
According to a recent report available on Colliers.com, the median income in Southwest Las Vegas is now $88,423. These figures come from their 2024 first quarter Las Vegas Multifamily Market Research Report.
Last year, Henderson residents’ median income was reported as $92,356, and Southwest Las Vegas came in at $90,531. That’s according to a report by Patrick Blennerhassett on ReviewJournal.com.
So, this year in the first quarter, Southwest Las Vegas overtakes Henderson for highest median incomes. Per the Colliers report, the median income in this Southeast valley community is now $86,682.
Other Southern Nevada communities with high median incomes include Summerlin / The Lakes in third place at $78,395. Northwest Las Vegas ranks fourth at $77,352. Rounding out the top five is Green Valley at $76,244.
Why Does Southwest Las Vegas Have The Highest Median Income Now?
Ultimately, the question becomes: Why do certain areas of Southern Nevada have higher median incomes when compared to others?
Blennerhassett’s article on ReviewJournal.com addresses that question by asking experts. In general, Southwest Las Vegas and the unincorporated township of Enterprise have lots of open land available for building new homes and multifamily apartment complexes.
Therefore, that area of Southern Nevada is drawing lots of interest from people moving to the Las Vegas valley. In fact, Blennerhassett reports in his article that Southwest Las Vegas is one of the fastest growing communities in the entire nation.
Additionally, the city governments of Las Vegas, Henderson, and North Las Vegas have no jurisdiction over Enterprise and the southwest valley. So, there aren’t as many building restrictions as possible to combat.
If you’d like to download the entire 2024 first quarter Las Vegas Multifamily Market Research Report to check out all the figures yourself, click here.
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Do You Live In One Of The Five Highest-Earning Las Vegas Zip Codes?
5) 89131
This zip is located in the far northwest part of Las Vegas in the “Centennial Hills” area. The median household income in this zip was $99,145 with 49.5% of households earning over $100K.
4) 89179
This is a very tiny area in Southwest Las Vegas. The median household income in this area was $99,662 with 49.7% of households earning over $100K.
3) 89124
This is a huge area of land in Northwest Las Vegas surrounding Lone Mountain. The median household income in this zip was $118,269 with 65.6% of the households earning over $100K.
2) 89085
This is a relatively new zip code in the uppermost reaches of North Las Vegas. The median household income in this zip was $120,194 with 61.7% of the households earning over $100K.
1) 89138
The highest-earning zip code in the Las Vegas Valley is located in the northwest portion of the valley. This zip includes some of the North Summerlin area. The median household income was $120,759 with 60.6% of the households earning over $100K.
