Richest Cities In Nevada For 2020

We analyzed 16 places in Nevada to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Nevada.

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Winnemucca, Henderson, 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.

Winnemucca in particular houses the richest residents in the state thanks, in part, to a median household income of $71,518 and a ridiculously low poverty rate of 10.165760165760164%.

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 2014-2018 American Community Survey for the 16 places in Nevada with more than 2,000 people.

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:

The 10 Richest Cities In Nevada For 2020

Winnemucca, NV

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Population: 7,798
Rank Last Year: 1 (No Change)
Median Income: $71,518
Unemployment Rate: 4.8%
Poverty Rate: 10.2%
More on Winnemucca: Real Estate | Data | Photos

Winnemucca ) is the only incorporated city in and is the county seat of Humboldt County, Nevada, United States. As of the 2010 census, the city had a total population of 7,396, up 3.1 percent from the 2000 census figure of 7,174. Interstate 80 passes through the city, where it meets U.S. Route 95.

Henderson, NV

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Population: 291,346
Rank Last Year: 3 (Up 1)
Median Income: $69,940
Unemployment Rate: 6.3%
Poverty Rate: 8.5%
More on Henderson: Real Estate | Data | Photos

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.

Review Of Henderson by HomeSnacks User

I love visiting Henderson with my family. There are so many choices for shopping and dining. It is near the hustle and bustle of Las Vegas, but since it is on the outskirts, it is chill.

Favorite Henderson places for lunch include The Cheesecake Factory at Green Valley and In-N-Out burger on Eastern. Pick up designer cupcakes at The Cupcakery also on Eastern. Grab your healthy food choices at Trader Joes on Eastern. For clothing, teens love Rapsodielle on Stephanie Street across from the old Toys R Us.

Carlin, NV

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Population: 2,023
Rank Last Year: 5 (Up 2)
Median Income: $79,740
Unemployment Rate: 9.0%
Poverty Rate: 7.3%
More on Carlin: Real Estate | Data | Photos

Carlin is a small city located near the western border of Elko County in northeast Nevada, 23 miles west of the city of Elko. It is part of the Elko Micropolitan Statistical Area. Carlin sits along Interstate 80 at an elevation of approximately 4,900 feet. As of the 2010 census, its population was 2,368, up from 2,161 at the 2000 census. The city was named for Civil War general William Passmore Carlin. Its slogan is "Where the Train Stops...And the Gold Rush Begins".

Sparks, NV

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Population: 98,524
Rank Last Year: 4 (No Change)
Median Income: $60,785
Unemployment Rate: 5.6%
Poverty Rate: 9.9%
More on Sparks: Real Estate | Data | Photos

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.

Elko, NV

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Population: 20,247
Rank Last Year: 2 (Down 3)
Median Income: $77,011
Unemployment Rate: 5.5%
Poverty Rate: 15.1%
More on Elko: Real Estate | Data | Photos

Coordinates: 4050N 11546W 40.833; -115.767 Elko 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.

West Wendover, NV

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Population: 4,320
Rank Last Year: 8 (Up 2)
Median Income: $56,029
Unemployment Rate: 1.4%
Poverty Rate: 12.3%
More on West Wendover: Real Estate | Data | Photos

West Wendover is a small city in Elko County, Nevada, United States. The population was 4,410 at the 2010 census. It is part of the Elko micropolitan area. West Wendover is located on the eastern border of Nevada and the western edge of the Great Salt Lake Desert and is contiguous with Wendover, Utah, with which it is sometimes confused. Interstate 80 runs just north of the cities, while Interstate 80 Business runs through the two cities.

Fernley, NV

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Population: 19,573
Rank Last Year: 7 (No Change)
Median Income: $63,880
Unemployment Rate: 8.2%
Poverty Rate: 9.4%
More on Fernley: Real Estate | Data | Photos

Coordinates: 393555N 1191254W 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. The population of the city was 19,368 at the 2010 census. Fernley is home to the Reno-Fernley Raceway.

Ely, NV

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Population: 4,063
Rank Last Year: 12 (Up 4)
Median Income: $58,200
Unemployment Rate: 4.9%
Poverty Rate: 15.7%
More on Ely: Real Estate | Data | Photos

Boulder City, NV

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Population: 15,680
Rank Last Year: 6 (Down 3)
Median Income: $60,870
Unemployment Rate: 8.4%
Poverty Rate: 10.2%
More on Boulder City: Real Estate | Data | Photos

Boulder City is a city in Clark County, Nevada. It is approximately 26 miles southeast of Las Vegas. As of the 2010 census, the population of Boulder City was 15,023.

Review Of Boulder City by HomeSnacks User

Boulder City is a town that will remind you of where you grew up. Because it still has that small town atmosphere. Crime is the lowest in the state and the community support is there for the schools and downtown dining. There are lots of quaint vintage and antiques shops, and old fashioned ice cream & candy shop, museums, outdoor activities and a great guide to finding what interests you in The Country Register of Southern Nevada.

Favorite places are The Coffee Cup Caf, Grandma Daisies, Back in Thyme Antiques

Reno, NV

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Population: 242,633
Rank Last Year: 11 (Up 1)
Median Income: $54,916
Unemployment Rate: 5.9%
Poverty Rate: 14.4%
More on Reno: Real Estate | Data | Photos

Reno is a city in the U.S. state of Nevada. It is in Northern Nevada, approximately 22 miles 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. 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 occupies a valley informally known as the Truckee Meadows. It is named after Jesse L. Reno.

Review Of Reno by HomeSnacks User

Loads of schools both public and private, with more in the works. Big events year-round, averaging one biggie per month, ranging from hot air balloon races, rodeo, air races, food fests, nearby Burning Man, parades for numerous reasons, a growing art scene,....there's just so much going on lately. Plus the casinos. All this and a decent sized river coursing downtown that hosts kayak contests. A construction boom is in progress.

Watch out for the poorly maintained roads, impatient tail riding drivers, and extreme temperatures; summer is very hot and winter is bone chilling cold with a lot of snow possible. Rain, hail, high winds, drought, avalanches flooding, wildfires, it has it all.

The sheer number of special events and stuff to do in a city this size is pretty amazing.

How We Determined The Richest Places In Nevada For 2020

Map Of The Richest Places To Live In Nevada
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 2014-2018 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 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 16 places.

There You Have It - The Wealthiest Places In Nevada For 2020

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:

Poorest: Yerington
2nd Poorest: Fallon
3rd Poorest: Las Vegas

For more Nevada reading, check out:

Detailed List Of The Richest Cities In Nevada

Rank City RichScore Median Income
1 Winnemucca 4.0 $71,518
2 Henderson 4.67 $69,940
3 Carlin 5.67 $79,740
4 Sparks 5.67 $60,785
5 Elko 6.0 $77,011
6 West Wendover 6.33 $56,029
7 Fernley 7.33 $63,880
8 Ely 8.33 $58,200
9 Boulder City 8.67 $60,870
10 Reno 9.0 $54,916
11 Mesquite 9.33 $50,597
12 Carson City 9.67 $52,034
13 North Las Vegas 10.0 $57,723
14 Las Vegas 13.0 $54,694
15 Fallon 13.33 $42,934
16 Yerington 15.0 $36,047

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

3 thoughts on “Richest Cities In Nevada For 2020

  1. I live in Winnemucca, and I would qualify as one of those “rich” people you erroneously describe. You’re way off the mark. The richest people live in Minden, Tahoe, Gardnerville, and Truckee. Winnemucca is full of divorced miners that shell out jaw dropping amounts of child support and alimony to their ex-wives that remarry, you guessed it, another miner. Do an article on the highest child support awards paid by joint custodian dads in Nevada, possibly the country, and you’ll see where the money is going. Humboldt County (Winnemucca) is especially notorious for child support, it easily beats Elmo, which is insanely high itself. Half the town lives in double-wide trailers. The schools are also poor, I’d look at the public schools in an area before looking at income, it’s far more accurate of a measure than Census income data. Everything I said applies to Carlin and Elko as well. Miners work 12 hour rotating shifts, with a 1 hour drive to work minimum each way, some miners drive 2 hours each way. The costs associated with this type os work add up quickly and negate the perceived benefits you assume when looking at income. When you get home, finally, you’re not eating in, you go and pay someone to cook for you because you’re too bloody tired to do it for yourself. A lot of your income goes to simply feeding yourself. If you have kids the costs add up even more. You have to drive at least 2 hours to get to a town where a sizeable amount of other people live. Traveling sports teams etc… This place is okay, don’t get me wrong, but the richest city in Nevada? Lol, not even close brother.

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