How Much Money Do Summerlin Residents Make in Las Vegas?

How Much Money Do Summerlin Residents?

Summerlin, a master-planned community in the Las Vegas Valley, stands out not only for its picturesque landscapes and well-organized neighborhoods but also for the higher-than-average income of its residents. Recent data from Applied Analysis, a Las Vegas-based research firm, provides insightful details on the financial well-being and employment characteristics of this affluent community.

1. Median Household Income

According to the latest statistics, the median household income in Summerlin is $100,579. This figure significantly surpasses the median household income for the entire Las Vegas Valley, which is $68,275. This considerable difference highlights Summerlin as a more prosperous enclave within the region.

2. High-Income Earners

One of the striking findings is the percentage of high-income earners in Summerlin. Approximately 6.3% of residents make $500,000 or more annually. This is a stark contrast to the 1.7% of high-income earners in the broader Las Vegas Valley. This disparity underscores the economic strength and affluent nature of the Summerlin community.

3. Employment and Occupation

Summerlin boasts a predominantly white-collar workforce. About 77% of its residents hold white-collar jobs, compared to 55% for the entire Las Vegas Valley. The majority of these white-collar workers (67%) are employed at private for-profit companies. The three largest occupational fields for Summerlin residents are:

1. Management (16%)
2. Health care practitioners/technicians (10.5%)
3. Business/financial operations (8.1%)

These sectors indicate a diverse range of professional expertise and career opportunities within the community.

4. Educational Attainment

Education is another area where Summerlin excels. The community has a higher percentage of residents with bachelor’s degrees or higher education—30.4% compared to 12.6% for the valley. This higher level of educational attainment is likely a contributing factor to the higher median income and the prevalence of white-collar jobs in the area.

5. Labor Force Participation

Interestingly, Summerlin also has a higher rate of residents who are not currently in the labor force, at 42.4%, compared to 36.3% for the Las Vegas Valley. This could be attributed to a larger population of retirees or individuals who have opted out of the workforce due to financial stability or other personal reasons.

CONCLUSION

Summerlin’s residents enjoy a higher standard of living, reflected in their substantial median household income, prevalence of high-income earners, and significant educational achievements. The community’s economic profile, marked by a strong presence of white-collar professionals and high levels of educational attainment, makes it a distinguished and prosperous part of the Las Vegas Valley. Whether you are considering moving to Summerlin or just curious about the economic landscape of this community, it is clear that Summerlin stands out as a beacon of affluence and opportunity in the region.

If you’re considering buying a home in the Las Vegas Valley, please don’t hesitate to reach out to me. I’ll get back to you personally and promptly. Thanks for visiting!

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Angela O’Hare
Favorite Las Vegas Realtor
Home Realty Center
Lic. #180246
702-370-5112
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www.neighborhoodsinlasvegas.com