LAS VEGAS, Nev. (FOX5) – UNLV research shows a decline from the pandemic surge of Californians moving to Nevada.
FOX5 told you how UNLV researchers have been tracking migration trends for years, using the number of driver’s license surrenders as a metric to measure relocations.
From 2020 to 2021, record numbers of people moved from California to Nevada and Las Vegas. From 2022 to 2023, researchers noticed a decline and a further drop last year.
Californians moving to Clark County(UNLV Center for Business and Economic Research)
Professor Stephen Miller tells FOX5 that the trend is mainly tied to interest rates. Though housing is far more affordable in Las Vegas than Los Angeles, many people have either reconsidered their move or are holding off until interest rates drop once again.
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“A lot of people have a low mortgage interest rate loan. So their monthly payment is pretty low. They couldn’t match that in the current market,” Miller said.
Researchers also found that fewer “work from home” opportunities limit the options for relocation. Cities such as Austin have also noticed a considerable decline.
Moving company Muscle Movers has first-hand experience with the rise and fall of residents relocating from California.
Californians moving to Nevada(UNLV Center for Business and Economic Research)
“As soon as the lockdown hit, people started bailing out of California left and right. We saw a huge boom during the lockdown for about two years and people couldn’t get out of there fast enough,” said Jeff Stelter, manager of business development. “We saw a big drop recently. This last winter was worse than the crash of 2006, 2007. It’s gotten a lot better now recently,” he said, noting that movers nationwide experienced a similar trend due to mortgage rates.
UNLV researchers also note that people are bypassing a Nevada move for other states—Texas in particular.
Muscle Movers also sees more Californians and Nevadans moving to southern states with relatively affordable real estate prices.
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“Most of the people that we move out of California are moving to Texas, Tennessee, Florida, Carolinas and Georgia. Those states above any others are where all the Californians are moving to,” Stelter said.
How many Nevadans are moving to Texas? UNLV researchers are still working to track those numbers through Census data.
A recent Review-Journal letter to the editor mischaracterized Sen. Catherine Cortez Masto’s Southern Nevada Economic Development and Conservation Act, also known as the Clark County Lands bill. As the former executive director of the Nevada Conservation League, I wholeheartedly support this legislation, so I wanted to set the record straight.
Sen. Cortez Masto has been working on this bill for years in partnership with state and local governments, conservation groups like the NCL and local area tribes. It’s true that the Clark County lands bill would open 25,000 acres to help Las Vegas grow responsibly, while setting aside 2 million acres for conservation. It would also help create more affordable housing throughout the valley while ensuring our treasured public spaces can be preserved for generations to come.
What is not correct is that the money from these land sales would go to the federal government’s coffers. In fact, the opposite is true.
The 1998 Southern Nevada Public Lands Management Act is a landmark bill that identified specific public land for future sale and created a special account ensuring all land sale revenues would come back to Nevada. In accordance with that law 5 percent of revenue from land transfers goes to the state of Nevada for general education purposes, 10 percent goes to the Southern Nevada Water Authority for needed water infrastructure and 85 percent supports conservation and environmental mitigation projects in Southern Nevada. This legislation has provided billions to Clark County and will continue to benefit generations of Southern Nevadans. Sen. Cortez Masto’s lands bill builds upon the act’s success.
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So here’s the good news: All of the money generated from land made available for sale under Sen. Cortez Masto’s bill would be sent to the special account created by the 1998 law. Rather than going to an unaccountable federal government, the proceeds would continue to help kids in Vegas get a better education, bolster outdoor recreation and modernize Southern Nevada’s infrastructure.
I know how important it is that money generated from the sale of public land in Nevada stay in the hands of Nevadans, and so does the senator. That’s why she opposed a Republican effort last year to sell off 200,000 acres of land in Clark County and other areas of the country that would have sent those dollars directly to Washington.
Public land management in Nevada should benefit Nevadans. We should protect sacred cultural sites and beloved recreation spaces, responsibly transfer land for affordable housing when needed and ensure our state has the resources it needs to grow sustainably. I will continue working with Sen. Cortez Masto to advocate for legislation, such as the Clark County lands bill, that puts the needs of Nevadans first.
LAS VEGAS (FOX5) — Nevada’s jobless rate is holding steady, but the state is still adding jobs.
A new report from DETR shows February’s unemployment rate unchanged at 5.3 percent, with the labor force growing by nearly 3,800 people.
MORE ON FOX5: Nevada unemployment rate rises to 5.3% in January
Nevada now has about 1.6 million nonfarm jobs, up 2.2 percent over the past year and 1,500 more jobs than in January.
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“This month’s report shows a strengthening labor market,” said David Schmidt, Chief Economist. ”Compared to the report for January, the pace of job gains in the past year increased from 1.9% to 2.2%, building on what was already the fastest pace of job growth in the country. While the unemployment rate remained stable, the labor force participation rate rose to 63.7%, 1.7 percentage points higher than the national level.”
Regional employment
In Las Vegas, employment ticked up by 1,100 jobs in February, about 0.1 percent, and is up more than 25,000 jobs compared to last year.
Reno added 1,000 jobs on the month, while Carson City shed about 200 but is still slightly above where it was a year ago.