You’re not the only one who has recently thought about moving to a different place. Many of us have had more freedom in where we live and where we work since the plague. That’s made millions of people rethink where they live, whether they’re looking for the best place to retire or just the best places in America to settle down, with lower costs of living, more job chances, and a better quality of life.
What place do people really want to look? A new study from the real estate website Redfin says that one of the most popular places for people to look for homes is also one of the most popular places for Americans to take vacations. Find out what it is and if it might work for you by reading about it.
Study Determine the Top Cities of Interest
Between April and June 2023, Redfin’s analysts looked through 2 million web searches to find out which places were getting the most attention from people who wanted to buy a home. The company focused on members who had seen at least 10 homes for sale, at least one of which was outside of their present metropolitan area. In other words, it tried to target people who seemed really interested in moving to a completely new area.
One catch: the study didn’t look at whether people who showed interest online actually bought or moved homes. Those people who want to buy a house might not actually move to a different place, but they are definitely interested in moving and are likely to do so.
Most People Want to Move into this Town in the United States
Redfin’s study found that Las Vegas was the best place. Vegas, of course. It’s the most famous stretch of casinos, resorts, thrill shows, tourist sites, and wild behavior in the world. Redfin’s records show that Las Vegas had never been at the top of this list before.
You may not have ever thought about Sin City as a place to live. Instead, you may have thought of it as a fun place to visit on the weekend. But that’s changing for many people.
Why Do Most People Want to Move to Las Vegas?
It’s known to tourists as the city of lights, casinos, and shows with famous people. But for people who live there, it’s very different, as it is in many places. A real estate agent who has lived in Las Vegas for almost 20 years says, “There’s a lot more to it than just the Strip.” “As a local, I only go to the Strip when I want to go to a concert, a game, or a restaurant.”
Nevada is one of the states with the biggest population growth, according to the most recent World Population Review. Why is that? Here are some of the main ones.
The low cost of living is one of the best reasons to think about moving to Las Vegas, especially if you live in a big city. We used a cost-of-living tool from NerdWallet to find that someone who lives in San Francisco and makes $115,000 would only need to make $62,683 to keep up their same level of living in Las Vegas.
Plus, Redfin found that the prices of homes here are much lower than in some of the big West Coast towns where many of the people looking for homes in Vegas currently live. Redfin says the average price of a home in the Las Vegas area is $412,000. That’s less than the prices of about $975,000 in Los Angeles, $1.4 million in San Francisco, and $826,000 in Seattle.
Nevada is one of the places that is growing the fastest in the country. It’s interesting that at times this year, the state had higher jobless rates than the whole country. However, there are still a lot of job openings in the area. Think about all the stores downtown that cater to tourists!
Bondi also says that the chances are getting better. Las Vegas got a few new professional sports teams not long ago, and it might soon have a couple of big movie studios… which means tens of thousands of new jobs. Bondi says, “We have so many projects coming here that will change Las Vegas.”