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PostPosted: Mon Dec 18, 2006 11:57 pm    Post subject: LAS VEGAS CITY PROFILE / LAS VEGAS CITY GUIDE Reply with quote

LAS VEGAS CITY PROFILE

Introduction

Las Vegas is unique among U.S. cities. Famous for luxury casinos and show palaces offering non-stop recreation on the "Strip" and in downtown Casino Center, the city has over the years become synonymous with glitter and glamour. Las Vegas since the late 1980s has acquired another identity as a centre for business, finance, transportation, and services; still the "Entertainment Capital of the World," it has actively and successfully cultivated a diversified economy. The Las Vegas resident can enjoy legalised gaming, yet more often will take advantage of the diverse range of cultural and recreational opportunities offered in the city and in the surrounding area.

The City in Brief

Founded: 1905 (incorporated, 1911)

Head Official: Mayor Oscar B. Goodman (since 1999)

City Population

1980: 164,674

1990: 258,877

2000: 478,434

2003 estimate: 517,017

Percent change, 1990–2000: 84.1%

U.S. rank in 1980: 89th

U.S. rank in 1990: 63rd

U.S. rank in 2000: 39th (State rank: 1st)

Metropolitan Area Population

1980: 528,000

1990: 852,737

2000: 1,563,282

Percent change, 1990–2000: 83.3%

U.S. rank in 1980: 72nd

U.S. rank in 1990: 53rd

U.S. rank in 2000: 32nd

Geography and Climate

Area: 113 square miles (2000)

Elevation: 2,180 feet above sea level

Average Annual Temperature: 67.1° F

Average Annual Precipitation: 4.16 inches

Economy

Major Industries: Gaming, tourism, mining, retailing, warehousing

Unemployment Rate: 4.0% (February 2005)

Per Capita Income: $22,060 (1999)

Cost of Living

Nevada's low taxes make everything else cheaper: wages, rents, and energy costs. The average rent of a two bedroom apartment at the end of 2004 was $752 per month.

The following is a summary of data regarding key cost of living factors for the Las Vegas area.

2004 (3rd Quarter) ACCRA Cost of Living Index: 113.3 (U.S. average = 100.0)

2004 (3rd Quarter) ACCRA Average House Price: $353,798

State income tax rate: None

State sales tax rate: 7.5%

Local income tax rate: None

Local sales tax rate: 7.5% (9% hotel room tax)

Property tax rate: 3.0815% of assessed value

Other Information

2002 FBI Crime Index Total: 81,627

Major Colleges and Universities: Nevada State College, University of Nevada at Las Vegas, Community College of Southern Nevada

Daily Newspapers: Las Vegas Review Journal
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