Welcome to Nevada
Your life in the Silver State begins
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Welcome to Nevada
If you have only visited Las Vegas, you might not understand why the translation of Nevada in spanish in “Snow Covered”. But the state is more than The Strip--Nevada is made of great stretches of arid desert stretching between picturesque snowy mountains and high desert. The Silver State marches to the beat of its own drum, and so do its inhabitants. Nevada gained its popularity as a mining state. Mineral mining is still extremely lucrative in Nevada, and it is the world’s 4th most productive miner of gold. Considering the state's natural beauty and financial possibilities, it’s no surprise that people want to call Nevada home.
Nevada Self-Storage Facts
The Nevada self-storage industry has been on the rebound, with developers actively building new sites throughout the state to meet rising demand. Expansion of the self-storage industry in Nevada stalled for a while in the wake of the last recession. Now as the Nevada housing market has bounced back, the self-storage industry is whizzing along right behind it. There is currently record levels of self-storage development taking place nationwide, and Nevada is not missing out on the action. New storage builds are helping to bring much needed storage units to the market in Nevada, and putting downward pressure on rental rates.
Below are some statistics that provide an overview of the self-storage industry in Nevada:
Nevada is home to about 461 self-storage facilities.
Nevada self-storage facilities cover 25,206,895 square feet of storage space.
Nevada storage facilities offer 8.96 square feet of storage per person, which is much higher than the national average of 5.4 square feet per person.
Reasons to Move to Nevada
Few states offer such indescribable natural beauty and opportunity as Montana. Here are a few more reasons why this is such a great state to set up camp:
Great housing market. It’s a buyers market in Nevada. The value of houses has gone up by 2.7% over the past year and, according to Zillow, they will increase by 1.2% within the year. If you are looking for some good real estate investment with a potential for positive growth, Nevada is a great place to be.
Gambling is welcomed! If you’re feeling lucky, Nevada will be appealing to you. You don’t have to be in Las Vegas or Reno to reap the benefits of a gaming state. Players of poker, blackjack, slots, roulette and craps can find plenty of games across the state. If you have a hunch about who will be victorious in this week’s big game, Las Vegas is home to countless sports books.
Lake Tahoe. 20 miles west of Carson City is the alpine lake known as Lake Tahoe. Sitting at a 6,225 foot elevation, Lake Tahoe lies on the border of California and Nevada. The lake itself is abuzz in the warm months with jet skis, sport boats, paddle boards and swimmers. In the winter months, the powdery slopes of the surrounding Sierra Nevada Mountains steals all the attention.
No state taxes. For individuals who are looking to keep the government coffers out of their pocket book, Nevada might be the ideal state. In order to entice more new residents to move to Nevada, the state does not collect personal income tax or corporate income tax. Those savings could add up and help form a nice nest egg for residents in the future.
Hikers dream. For those who love a good, scenic hike, Nevada has some great options. Red Rock Canyon, Mount Charleston and Fire Wave are parks just outside of Las Vegas that have impeccable trails. In the Sierra Nevada range to the west of the state, the panoramic views that can be found on the trails are exceptional. Nevada State Parks offers an annual all access pass on their website.
So much sun. If you are somebody who needs lots of sun to give you energy, Las Vegas has got you covered. Sin City boasts of an average of 310 sunny days per year. People who are looking to escape gloomy clouds will find big bright skies across the state.
Lake fun. Folks who are looking to beat the heat in Nevada’s hot and arid climate can find solstice in the cool lakes that are spread across the state, not just Lake Tahoe. Water skiing, wake-boarding, scuba diving, and fishing are some of the activities lake goers take part in. Many of Nevada’s lakes are surrounded by gorgeous mountains, which makes for some stunning photography. Most lakes offer camping on site, so bring a tent and make a weekend of it!
24 Hour bars. For those who work the graveyard shift and want something to take the edge off once you clock out, you will be happy to know that there is no designated closing time for bars in Nevada. Liquor retailers in Nevada are also able to sell booze 24/7, so you can grab your goods on a Sunday at 9 am if you feel so inclined.
Getting away from people. With the exception of Las Vegas and surrounding areas, Nevada is very sparsely populated. There are only eight other states in the nation that have a lower population density than Nevada. And with a total land area of 110,577 square miles in the state, introverts will have no problem finding space to be alone with their thoughts.
Las Vegas attractions. The Vegas strip is a dream for anyone who is hard up for some entertainment. You could be at the craps table at one moment, and be dining in one of the nation's best restaurants the next. There is a huge variety of concerts, museums, variety shows, comedy acts, shopping and nightlife activities to be enjoyed also. You could never truly be bored in a place with so many entertainment options.
Moving to Nevada
The population in Nevada as of 2019 is 3,087,025, giving it the population rank of 33rd in the nation. From 2017-2018, the population grew from 2,972,405 to 3,034,392—a 2.09 percent increase. Nevada had population growth of 35 percent between 2000 and 2010. The housing collapse of 2008 sent a portion of those new residents back to their state of origin, but things are on the upswing again. Both Henderson and North Las Vegas are considered to be two of the 20 fastest growing cities in the nation.
Nevada Economic Outlook
In 2018, Nevada’s Real Gross Domestic Product was $146 billion, ranking it the 33rd best GDP in the nation. As of September 2019, Nevada’s unemployment rate is hovering around 4.1 percent, down 0.4 percent from September 2018.
Below is a list of Real GDP breakdown by sector:
In the past five years Nevada has increased its real GDP by $11 billion and signs for potential economic growth are evident. Although the states overall cost of living is 3 percent higher than the national average, its utility costs are 10 percent below it. The absence of personal income taxes and corporate income taxes are a sweet incentive to anyone looking to create a business or move their already existing business to Nevada.
Who are Nevada's Largest Employers?
Places to live in Nevada
From the Mojave Desert to the south, to the high desert valleys and mountain ranges to the north, Nevada has a wide range of terrain. Nevada’s total land area is 110,577 square miles, ranking 7th in the nation. The average elevation in Nevada is 5,500 feet. Boundary Peak, Nevada’s highest peak, sits at 13,147 feet.
Las Vegas is a resort city full of frills and thrills including gambling, fine dining, entertainment and shopping. The city claims to have more AAA 5 diamond hotels than anywhere else in the world. It is the 28th most populous city in the nation and is currently home to more than 664,304 people.
Henderson is the second largest city in Nevada with 317,248 residents. It is part of the Las Vegas metro area and was voted by Forbes magazine as “one of the safest places to live” in the US.
Reno is known as the “The Biggest Little City in the World”. It has a population of 259,019, and is known for its casinos and hotels. Reno lies 40 miles north of Lake Tahoe.