Las Vegas Sun

April 26, 2024

Las Vegas among top relocation destinations, based on truck rentals

Las Vegas Tourists

Tourists pose in front of the iconic Welcome to Fabulous Las Vegas sign in this file photo.

Many people used the freedom of remote work opportunities to move during 2021, with an estimated 20% more Americans relocating compared to 2020, according to the U.S. Census Bureau.

Some of those estimated 14-23 million people landed in Las Vegas, which is one of the nation’s leading destinations for relocation, according to a report last week from the Penske truck rental company.

Las Vegas ranked second behind Houston among Penske’s top moving destinations for 2021. Phoenix was No. 3, Charlotte, N.C., No. 4 and Denver No. 5.

Since 2010, the company has used one-way truck rental data to determine its list of most popular cities for movers. It didn’t indicate the specific number of rentals.

The population in Clark County rose 16.1% to 2.2 million from 2010 to 2020, according to the 2020 census data.

Las Vegas, which ranked as Penske’s No. 1 relocation destination is 2020, is regularly part of the company’s list. Las Vegas was No. 7 in 2017 and No. 6 in 2016.

In a similar ranking by U-Haul, Nevada in 2020 ranked as the eighth most popular state for relocation using rental data from 2 million transactions. Tennessee was No.1, followed by Texas, Florida, Ohio and Arizona.

The influx of transplants has led to a housing crunch in Southern Nevada, with the median price for a single-family home a record $475,000 in April. That was up 27% from 2021. Apartment rents are also spiking, with the average reaching $1,471 a month.