California and Nevada share a border – but the two states are as different as can be. One has a cooling job market while the other has a booming economy. One has a lower cost of living than the other. One boasts peaceful lakes while the other boasts pricey coastlines. But which one comes out on top when it comes to living?
The reigning champ can be determined by looking at factors like job market and cost of living. Nevada’s economy is expected to grow 8.7% in 2018 and was named CNBC’s Top States to Find a Job in 2017. On the other hand, a cooling job market in California and a rise in competition has left many California residents struggling to find work. And in such an expensive state, that’s no joke.
The median value of owner-occupied homes and condos in Los Angeles is $458,500 compared to Las Vegas’ $254,200. Plus, condos in Los Angeles have had a year-over-year appreciation rate of only 4% while condos in Las Vegas have appreciated a whopping 13%.
Nevada is the ideal location for those looking to live and work in an affordable, inspiring environment while wisely investing in property. The winner is clear – silver triumphs over gold.
Owning a home in Nevada is a smart move for many reasons. To learn more about the luxury condo living in Las Vegas, contact us today!
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