Winnemucca, Henderson, Elko: These cities aren’t just some of the best places to live in Nevada. They are also home to some of the richest people in the Silver State.
Winnemucca in particular houses the richest residents in the state thanks, in part, to a median household income of $69,562 and a ridiculously low poverty rate of 10.2%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Nevada share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2013-2017 American Community Survey for the 16 places in Nevada with more than 2,000 people.
- Winnemucca (Photos | Homes For Sale)
- Henderson (Photos | Homes For Sale)
- Elko (Photos | Homes For Sale)
- Sparks (Photos | Homes For Sale)
- Carlin (Photos | Homes For Sale)
- Boulder City (Photos | Homes For Sale)
- West Wendover (Photos | Homes For Sale)
- Fernley (Photos | Homes For Sale)
- Carson City (Photos | Homes For Sale)
- Reno (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Nevada.
Rich people not your cup of tea? Feel free to check out some more reading about Nevada:
How We Determined The Richest Places In Nevada For 2019
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the newly released 2013-2017 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 16 places with more than 2,000 people in Nevada, we ranked each place from 1 to 16 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Winnemucca, crowned the “Richest City In Nevada For 2019”.
You can learn more about the top ten below or skip to the end to see the rankings for all 16 places.
Henderson, officially the City of Henderson, is a city in Clark County, Nevada, United States, about 16 miles southeast of Las Vegas. It is the second-largest city in Nevada, after Las Vegas, with an estimated population of 292,969 in 2016. The city is part of the Las Vegas metropolitan area, which spans the entire Las Vegas Valley. Henderson occupies the southeastern end of the valley, at an elevation of approximately 1,330 feet (410 m).
Coordinates: 40°50N 115°46W / 40.833°N 115.767°W / 40.833; -115.767 Elko (Shoshoni: Natakkoa, “Rocks Piled on One Another”) is the largest city and county seat of Elko County, Nevada, United States. The population was 18,297 at the 2010 census. The city straddles the Humboldt River.
Sparks is a city in Washoe County, Nevada, United States. It was founded in 1904 and incorporated on March 15, 1905, and is located just east of Reno. The 2010 U.S. Census Bureau population count was 90,264. It is the fifth most populous city in Nevada. It is named after the late Nevada Governor John Sparks, a member of the Silver Party.
Boulder City is a city in Clark County, Nevada. It is approximately 26 miles (42 km) southeast of Las Vegas. As of the 2010 census, the population of Boulder City was 15,023.
Coordinates: 39°3555N 119°1254W / 39.59861°N 119.21500°W / 39.59861; -119.21500 Fernley is a city in Lyon County, Nevada, United States, east of the Reno–Sparks metropolitan area. The city incorporated in 2001; prior to that it was a census-designated place (CDP). The population of the city was 19,368 at the 2010 census. Fernley is home to the Reno-Fernley Raceway.
Carson City, officially the Consolidated Municipality of Carson City, is an independent city and the capital of the US state of Nevada, named after the mountain man Kit Carson. As of the 2010 census, the population was 55,274. The majority of the population of the town lives in Eagle Valley, on the eastern edge of the Carson Range, a branch of the Sierra Nevada, about 30 miles (50 km) south of Reno. The town originated as a stopover for California bound emigrants, but developed into a city with the Comstock Lode, a silver strike in the mountains to the northeast. The city has served as the capital of Nevada since statehood in 1864 and for much of its history was a hub for the Virginia and Truckee Railroad, although the tracks were removed in the 1950s. Prior to 1969, Carson City was the county seat of Ormsby County. In 1969, the county was abolished, and its territory merged with Carson City to form the Consolidated Municipality of Carson City. With the consolidation, the city limits today extend west across the Sierra Nevada to the California state line in the middle of Lake Tahoe. Like other independent cities in the United States, it is treated as a county-equivalent for census purposes.
Reno is a city in the U.S. state of Nevada. It is in Northern Nevada, approximately 22 miles (35 km) from Lake Tahoe. Known as “The Biggest Little City in the World”, Reno is famous for its hotels and casinos and as the birthplace of Harrah’s Entertainment (now known as Caesars Entertainment Corporation). It is the county seat of Washoe County, in the northwestern part of the state. The city sits in a high desert at the foot of the Sierra Nevada and its downtown area (along with Sparks) occupies a valley informally known as the Truckee Meadows. It is named after Jesse L. Reno.
There You Have It – The Wealthiest Places In Nevada For 2019
Like we said earlier, when we set out to identify the richest places in Nevada, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Nevada.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in Nevada, according to data:
2nd Poorest: Fallon
3rd Poorest: Las Vegas
For more Nevada reading, check out:
- 10 Safest Places In Nevada
- 10 Cheapest Places To Live In Nevada
- 10 Best Places To Raise A Family In Nevada
Detailed List Of The Richest Cities In Nevada
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