Las Vegas, NV
Population 650,873 · Nevada
About Las Vegas, NV
Las Vegas is a major city located in Nevada with a population of 650,873 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,723 per year, which is 6% below the national median of $75,149. The median age of 38.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Las Vegas features a median home value of $395,300, which is 61% above the national median of $244,900. This places Las Vegas in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,456, 25% above the national average of $1,163/month. Of the 263,958 total housing units, 56% are owner-occupied (136,185 units) and 44% are renter-occupied (108,244 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Las Vegas shows an unemployment rate of 7.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.2%, above the national average of 12.4%. Workers in Las Vegas have an average one-way commute time of 25.8 minutes.
Education & Demographics
27.3% of Las Vegas residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 24.7% White, 2.5% Hispanic or Latino, 1.2% Black or African American, and 6.6% Asian residents, with 20.9% of the population being foreign-born.
How Las Vegas Ranks in Nevada
Cost of Living in Las Vegas, NV
Compared to national averages, Las Vegas has a median household income of $70,723 (6% below the national median of $75,149). Home values average $395,300, which is 61% above the national median. Monthly rent at $1,456 is 25% above the US average of $1,163. Within Nevada, Las Vegas's income is 14% below the state average of $81,841, and home values are 9% below the state median of $433,389.
Why Live in Las Vegas, NV?
Potential considerations include median household income ($70,723) that falls below the national average, and a competitive housing market where the typical home costs $395,300. However, as a major city, Las Vegas provides access to a wide range of amenities and services.
Las Vegas has a population of 650,873 with a median age of 38.5 years. Compare Las Vegas with other cities to see how it stacks up, or explore all cities in Nevada.
Similar Cities Near Las Vegas
Cities in Nevada with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Henderson | 324,523 | $88,654 | $465,000 | Compare |
| North Las Vegas | 270,773 | $76,772 | $372,300 | Compare |
| Reno | 268,959 | $78,448 | $498,600 | Compare |
| Enterprise | 232,043 | $93,980 | $449,300 | Compare |
| Spring Valley | 219,913 | $72,364 | $407,900 | Compare |
| Sunrise Manor | 199,099 | $55,034 | $290,900 | Compare |
| Paradise | 186,178 | $58,874 | $358,400 | Compare |
| Sparks | 109,106 | $86,979 | $455,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nevada
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Las Vegas With Other Cities
Frequently Asked Questions about Las Vegas
What is the population of Las Vegas, NV?
The population of Las Vegas, NV is 650,873 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Nevada.
What is the median household income in Las Vegas?
The median household income in Las Vegas, NV is $70,723 per year, which is 6% below the national median of $75,149.
What is the median home value in Las Vegas?
The median home value in Las Vegas, NV is $395,300, which is 61% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Las Vegas?
The median monthly rent in Las Vegas, NV is $1,456, which is 25% above the national average of $1,163/month.
What is the unemployment rate in Las Vegas?
The unemployment rate in Las Vegas, NV is 7.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Las Vegas, NV a good place to live?
Las Vegas offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 650,873 and a median age of 38.5, the city appeals to a broad range of residents.
How educated is Las Vegas, NV?
27.3% of residents in Las Vegas aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Las Vegas?
Key cost-of-living indicators for Las Vegas, NV: median home value is $395,300 (61% above national), median rent is $1,456/month, and median household income is $70,723. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Las Vegas?
The poverty rate in Las Vegas, NV is 14.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Las Vegas, NV?
Las Vegas's population is 24.7% White, 2.5% Hispanic or Latino, 1.2% Black or African American, 6.6% Asian, and 11.5% two or more races. 20.9% of residents are foreign-born.