According to the Las Vegas Review-Journal, Nevada is number four on the list of most-moved-to states for 2018. The numbers were provided by United Van Lines' 2018 National Movers Study which noted that 62% of its surveyed customers moved into Nevada last year while only 38% left. The reasons cited were low housing costs and employment opportunities, but 29% said the move was spurred by retirement. “A large fraction are moving to Nevada from California,” said Michael Stoll, a professor in the Department of Public Policy at the University of California, Los Angeles.
Drivers license surrender data from the Department of Motor Vehicles found 35,806 out-of-state driver licenses and identification cards surrendered to the Nevada DMV in 2017, comprising 37 percent of all surrenders in the state. A representative from the Nevada DMV said 2018 numbers have not been released yet. Of those who moved to Nevada, 14 percent were between 35 and 44 and 17 percent were between 45 and 54.
“A large share of mostly younger, middle-aged people are looking to move to Nevada from California to escape the high housing costs,” Stoll said. A report released Wednesday from San Francisco-based rental marketplace Zumper found that one-bedroom median rent prices in Las Vegas are $990, less than a third of San Francisco’s $3,500.
But those prices aren’t stagnant. With Nevada’s population booming, Zumper found one-bedroom rent prices jumped 15 percent year over year. Home prices in Southern Nevada grew more than double the national rate year-over-year in September 2018.
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