Elko, Winnemucca, Carlin: 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.
Elko in particular houses the richest residents in the state thanks, in part, to a median household income of $76,826 and a ridiculously low poverty rate of 11.7%.
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 2012-2016 American Community Survey for the 16 places in Nevada with more than 2,000 people.
At the end of the day, here’s the set of the 10 richest places in Nevada for 2018:
- Elko (Photos | Homes For Sale)
- Winnemucca (Photos | Homes For Sale)
- Carlin (Photos | Homes For Sale)
- Henderson (Photos | Homes For Sale)
- Sparks (Photos | Homes For Sale)
- Boulder City (Photos | Homes For Sale)
- Fernley (Photos | Homes For Sale)
- North Las Vegas (Photos | Homes For Sale)
- Mesquite (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.
How We Determined The Richest Places In Nevada For 2018
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 2012-2016 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, Elko, crowned the “Richest Place In Nevada For 2018”.
You can learn more about the top ten below or skip to the end to see the rankings for all 16 places.
Population: 20,078Median Income: $76,826
Unemployment Rate: 5.3%
Poverty Rate: 11.7%
More on Elko: Homes For Sale | Data
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.
Population: 277,872Median Income: $64,277
Unemployment Rate: 8.6%
Poverty Rate: 9.2%
More on Henderson: Homes For Sale | Data
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).
Population: 94,718Median Income: $54,196
Unemployment Rate: 9.1%
Poverty Rate: 12.3%
More on Sparks: Homes For Sale | Data
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.
6. Boulder City
Population: 15,373Median Income: $58,573
Unemployment Rate: 12.6%
Poverty Rate: 10.0%
More on Boulder City: Homes For Sale | Data
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.
Population: 19,228Median Income: $51,826
Unemployment Rate: 11.6%
Poverty Rate: 11.9%
More on Fernley: Homes For Sale | Data
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.
8. North Las Vegas
Population: 16,953Median Income: $44,498
Unemployment Rate: 8.9%
Poverty Rate: 14.0%
More on Mesquite: Homes For Sale | Data
Mesquite is a U.S. city in Clark County, Nevada, adjacent to the Arizona state line and 80 miles (130 km) northeast of Las Vegas on Interstate 15. As of 2015, the United States Census estimates that the city had a population of 17,496. The city is located in the Virgin River valley adjacent to the Virgin Mountains in the northeastern part of the Mojave Desert. It is home to a growing retirement community, as well as several casino resorts and golf courses.
Population: 237,121Median Income: $48,815
Unemployment Rate: 7.6%
Poverty Rate: 18.4%
More on Reno: Homes For Sale | Data
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 2018
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: Yerington
3rd Poorest: Ely
For more Nevada reading, check out:
Detailed List Of The Richest Cities In Nevada
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