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The metro Las Vegas area continues to be a popular destination for folks looking to leave Southern California. According to an analysis from the online real estate brokerage Redfin at the end of 2023, Vegas is the number two spot that folks using their services are looking to move -- and the majority of people looking to do so are coming from L.A. In 2020, according to Nevada DMV data reported by the Las Vegas Review Journal, 43 percent of out-of-state drivers licenses surrendered when obtaining a Nevada license were from California. So, why are so many people leaving the Golden State for the Silver State? Reasons vary depending on who you ask, but for many, it comes back to the cost of living -- home prices in California are rising and taxes are high compared to other states, while Nevada does not levy an income tax and it simply costs less to buy a house. The median price of a home in Nevada as of November 2023, according to Redfin, was $435,000. In California, Redfin says the median price was $793,700.
This morning on AirTalk, we’re partnering with fellow NPR member station KNPR in Las Vegas for a joint broadcast looking at the population pipeline between Southern California and Southern Nevada, and we want to hear from you! If you’ve recently moved between the two regions, what prompted you to relocate? What do you like and/or dislike about your new home? Join our live conversation by calling us at 866-893-5722 or by emailing us at [email protected].
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The metro Las Vegas area continues to be a popular destination for folks looking to leave Southern California. According to an analysis from the online real estate brokerage Redfin at the end of 2023, Vegas is the number two spot that folks using their services are looking to move -- and the majority of people looking to do so are coming from L.A. In 2020, according to Nevada DMV data reported by the Las Vegas Review Journal, 43 percent of out-of-state drivers licenses surrendered when obtaining a Nevada license were from California. So, why are so many people leaving the Golden State for the Silver State? Reasons vary depending on who you ask, but for many, it comes back to the cost of living -- home prices in California are rising and taxes are high compared to other states, while Nevada does not levy an income tax and it simply costs less to buy a house. The median price of a home in Nevada as of November 2023, according to Redfin, was $435,000. In California, Redfin says the median price was $793,700.
This morning on AirTalk, we’re partnering with fellow NPR member station KNPR in Las Vegas for a joint broadcast looking at the population pipeline between Southern California and Southern Nevada, and we want to hear from you! If you’ve recently moved between the two regions, what prompted you to relocate? What do you like and/or dislike about your new home? Join our live conversation by calling us at 866-893-5722 or by emailing us at [email protected].
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